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Square’s late-stage investors got a sweet deal - and it shows how tech...
Some of Square's investors are catching a big break. The payments startup, which publicly announced its S-1 filing for IPO yesterday, is going to take especially good care of late-stage backers...
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Albertsons was set to be one of the biggest IPOs of 2015 — until someone...
Albertsons' initial public offering has been delayed indefinitely, and it could be thanks to one critical error leading up to its pricing.The Idaho-based grocery chain was scheduled to price its...
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Hundreds of bank branches are disappearing (BAC, C, JPM)
Wall Street's biggest banks have been shutting down branches since the financial crisis.The reason: They can do so without it having any real impact on the amount of business they pick up.When...
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The incredible lives of two sisters who became the first female brokers on...
The story of the first women to work on Wall Street has everything.It is a rags to riches story of two sisters who made it from a small rural town in Ohio to the Big City, with spiritualism, scandal...
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One part of Goldman Sachs' business blew it — and everyone wants to figure...
Goldman Sachs reported Q3 earnings on Thursday that were pretty rough across the board. The bank missed on both the top and bottom lines.But the most striking part of the announcement was a 60% revenue...
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JPMorgan has become Wall Street's top training ground for C-suite executives...
JPMorgan seems to have become the preeminent breeding ground for C-suite executives.Jamie Dimon has been in charge at the bank since before the financial crisis, and the CEO clearly likes his job.That...
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Meet the bankers making the $109 billion beer deal of the decade happen
Budweiser owner AB InBev has reached an agreement with Miller maker SABMiller to combine forces in the biggest beer deal of the decade.AB InBev raised its offer for SABMiller to £44 ($67.62) a share,...
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How the biggest tech deal in history came together (EMC, DELL)
Dell announced Monday that it would buy IT giant EMC in the biggest-ever technology deal.The $67 billion deal will create one of the largest private companies in the world.Although talks between the...
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A bunch of junior Goldman Sachs bankers got fired for cheating on internal exams
A handful of Goldman Sachs analysts have seen their careers at the investment-banking giant cut short.Bloomberg News' Sophia Horta E Costa and Ruth David report that Goldman has fired about 20 analysts...
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Want to intern at a Wall Street bank? Here's the first thing they'll look for...
Wall Street internships are insanely competitive.Last summer, Goldman Sachs had 59,000 applicants for roughly 2,900 intern positions.So if you're going to drop your resume in a stack with thousands of...
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One of the world's biggest high-speed trading firms is killing it
Virtu Financial, one of the biggest high-speed trading firms in the world, likely killed it in the third quarter.The electronic trading firm, which reports third quarter earnings on November 4, is...
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Here is how those Goldman Sachs traders got busted for cheating (GS)
A handful of Goldman Sachs analysts have seen their careers at the investment-banking giant cut short.The bank fired around 20 London and New York-based junior securities division staff after they were...
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There's one thing at the heart of markets right now — and it changes everything
There's one big story at the heart of everything going on in the markets right now.It isn't China. It isn't Greece. It is related to the drop in the oil price, but isn't the oil price itself.According...
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Gentlemen, here's how you get dressed for work in 5 minutes or less
This one goes out to the Wall Street associates and vice presidents who have to be at work on time after a nice, long client dinner.We got you guys.We got you because we know that no matter what time...
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WARREN BUFFETT: Retirement is not my idea of living
At 85, billionaire investor Warren Buffett, the chief executive of Berkshire Hathaway, still has no plans to retire. Speaking with Carol Loomis at Fortune's Most Powerful Women Summit on Tuesday,...
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The pillars of American finance are under attack
Wall Street has a cybersecurity problem.Hackers have gone after banks, brokerages, news wires, and now it looks like they may have gone after business reporters too.They are attacking just about every...
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Morgan Stanley falls short (MS, GS, BAC, C, WFC)
Morgan Stanley on Monday reported earnings of $0.34 a share. For the investment bank, it represents a miss on the expected results."The volatility in global markets in the third quarter led to a...
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There's one silver lining in Wall Street investment banks' earnings reports...
There's one silver lining for Wall Street banks that got killed on poor third-quarter earnings results.Revenue from traditional investment-banking activity like mergers and acquisitions and equity and...
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The 129 finance people you have to follow on Twitter
Twitter has evolved into a platform for serious finance gurus.Beyond the jabberings of the small-time players, these analysts, hedge funders, and big players have the power to sway markets in 140...
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Investment banks are feeling excruciating pain in a critical part of their...
Morgan Stanley, the last of the big five US banks to report third-quarter results, is out with its numbers and one thing is clear.It was a painful three months for the banks' fixed income, currencies...
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