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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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Big banks are slashing compensation bills ― and that spells bad news for...
The writing is on the wall for big bank bonuses. Morgan Stanley, which missed earnings on the top and bottom line on Monday morning, revealed it is setting aside $1 billion less for compensation and...
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This is how the Goldman Sachs analysts who got fired were cheating
Goldman Sachs on Thursday fired 20 New York- and London-based analysts in the Securities Division for cheating on a test they took over the summer during training.The firings, which came the same day...
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Tech startups keep turning to this tiny firm to help take them public
Square, the payments startup, filed to go public with many of the usual marquee names on Wall Street listed as its underwriters.Goldman Sachs, Morgan Stanley, and JPMorgan are all on the deal.But right...
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Jamie Dimon wants you to know he doesn’t care about quarterly earnings (JPM)
JPMorgan, Goldman Sachs and Morgan Stanley just missed earnings, and investors might be worried about the state of Wall Street's top banks. Not Jamie Dimon, CEO of JPMorgan, however. "I've never done...
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Deutsche Bank handed a hedge fund $6 billion on a 'fat finger' error (DB)
Deutsche Bank is having a tough run. The bank mistakenly paid out $6 billion to a hedge fund client earlier this year as a result of a "fat finger" error, according to Katie Martin and Martin Arnold at...
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Goldman Sachs helped pay for 600 kids to get pre-K education ― and it could...
Goldman Sachs and the Pritzker Family Foundation put up $7 million in 2013 to expand a pre-kindergarten program in Utah. The result, according to Libby Nelson at Vox, could pave the way for a new way...
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How a blizzard of paperwork paralyzed Wall Street in the 1960s
In the late 1960s, an unusual crisis struck Wall Street. The foe? Paper.Daily trading volume on the New York Stock Exchange was soaring to new heights, with the average number of shares changing hands...
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These 15 startups are out to disrupt one of the oldest industries in the...
A cluster of startups are looking to disrupt one of the oldest industries in the world: insurance.Insurance has been around for thousands of years.The earliest instance of insurance law is believed to...
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I asked a Wall Street billionaire for financial advice for someone my age —...
I recently had a conversation with a successful billionaire money manager about personal finance.I wanted the best money advice the investor had for someone my age.I'm 27, so this advice will probably...
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BLYTHE MASTERS: 'Fear and greed' will drive banks to the technology behind...
Wall Street banks will eventually accept the technology behind bitcoin, even if it takes five or 10 years.That is according to Blythe Master, the chief executive of Digital Asset Holdings, and one of...
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The next China bubble is forming right before our eyes
China's bubble of investor money has moved from the stock market to a new asset class: corporate bonds.And all we can do is watch."Corporate bonds have become another important credit channel,...
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Sirens are sounding for tech companies hitting the IPO market
A growing percentage of companies that filed for initial public offerings this year disclosed so-called material weaknesses, according to research from PwC.Just under a third of all companies that...
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JPMorgan is breaking up with its giant private equity unit
JPMorgan is close to selling the giant private equity business housed in the bank's Highbridge Capital Management arm, according to Juliet Chung and Emily Glazer at The Wall Street Journal. The US bank...
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You might be losing money by trying to follow this Wall Street adage
“I just want to figure out how to buy low and sell high!”I was out grabbing a bite last week when I overheard an exacerbated man at an adjacent table air his dirty investing laundry to his buddy.I was...
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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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From Ferrari to Facebook: the incredible client list of Wall Street's most...
Some of the biggest names in tech, telecom, and the media industries have one thing in common.The tiny financial advisory firm quietly advising them on deals behind the scenes: Allen & Co.The firm...
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Larry Summers may have just violated Square's pre-IPO quiet period ($SQ)
Larry Summers is known for sounding off.But on Tuesday at The Economist's Buttonwood conference in Midtown Manhattan, the former Treasury secretary might have gone too far."Square — a company where I'm...
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One of the most famous faces of the financial crisis is retiring (CIT, BAC)
John Thain is calling it quits. Thain, who was CEO of Merrill Lynch when the investment bank was sold to Bank of America at the height of the financial crisis, is retiring from his CEO role at CIT...
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Nasdaq is buying a stock exchange for shares of private startups
Nasdaq has acquired SecondMarket, an exchange for shares of privately-held companies, in a bid to broaden the scope of its offerings. With an increasing number of technology startups remaining off...
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