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The 38th-wealthiest American called Harvard when it rejected him ― and his...
Long before he started rubbing shoulders with the likes of Barack Obama, Pope Francis, and Indian Prime Minister Narendra Modi, Blackstone CEO and cofounder Stephen Schwarzman was an anxious teenager...
View ArticlePerrigo plunges after Mylan bid flops (PRGO, MYL)
Mylan's $26 billion bid to buy Perrigo has flopped, the company said. Perrigo's stock plunged 10% in advance of the opening bell. Here's Mylan's release:Mylan N.V. (NASDAQ: MYL; TASE) today announced...
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Meet the short-seller single-handedly crushing the titans of the hedge fund...
His tweets send share prices plummeting, his TV interviews keep Wall Streeters glued to their screens, and his research reports worry his mother.That's right. Andrew Left's mom worries for his...
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I asked legendary tycoon T. Boone Pickens for financial advice ― his answer...
I asked legendary billionaire energy tycoon T. Boone Pickens for the best piece of financial advice for someone my age.I'm 27, so this advice will probably be useful for most millennials — anyone aged...
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The biggest private-equity firm on Wall Street wants to double in size (BX)
Steve Schwarzman is the richest CEO in the private-equity industry, and the firm he founded, Blackstone Group, manages more money than any of its contemporaries.But he still sees room to grow, he said...
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TROUBLING: Oil and gas companies are edging toward default
Banks have an energy problem.In a note on Friday, JPMorgan's Vivek Juneja broke down the results from the 2015 Shared National Credits exam, a Federal Reserve initiative to review and classify large...
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Wall Street bonuses are set to fall — and it's 'more than a blip'
Wall Street bonuses are likely to dip between 5% and 10% at big banks this year, according to an annual industry survey published by consulting firm Johnson Associates. But there's one big bright spot,...
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How 'The Devil's Financial Dictionary' defines 13 Wall Street words
Wall Street analysts and economists speak their own language. Words like "research" and "analysis" mean one thing to regular folks, but something totally different to the folks with a financial...
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WALL STREET PAYDAY: Meet the bankers on the $108 billion beer deal of the...
Bud Light maker Anheuser-Busch InBev announced Wednesday that it has agreed a deal to buy SABMiller.The deal is worth around $108 billion, and is set to be the biggest takeover so far this year.That's...
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A private equity billionaire sponsors 300 New York City school kids — and...
When the 'King of Capital" Steve Schwarzman isn't tending to his empire, he's writing some 350 school kids ultra personal notes about their report cards.The Blackstone chairman and CEO sat down to chat...
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The collapse of Lehman Brothers changed one young trader's life — he has now...
Zach Coopersmith has learned some important lessons over the course of his Wall Street career.But for the 30-year-old Leading Ridge Capital cofounder, one particular moment really stands out.It was the...
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This is the future of investing, and you probably can't afford it
When JCPenney reported results for the second quarter, the news came as a surprise — for most investors.To a small group though, word that the retailer was seeing better than expected traffic was no...
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How a titan of finance missed out on a deal in an '$8 billion mistake' (BX)
Three decades ago, a former bond trader named Michael Bloomberg wanted the founder of a fast-growing private-equity firm to back his financial-data startup.But a meeting between the two men — who went...
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Bernie Sanders singled out one Wall Street bank he would lock out of his cabinet
Sen. Bernie Sanders (I-Vermont) says he wants big banks locked out of his cabinet if he is elected president next year.He singled out one in particular."We have seen Wall Street and Goldman Sachs...
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Blackstone is now 'the largest owner of real estate in the world' (BX)
Blackstone has grown its size nearly four-fold since its 2007 IPO.But the biggest private equity firm on Wall Street has seen even greater growth in its real estate division, which has expanded from a...
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The top CEO in private equity knows what it would take to save the New York...
Blackstone Group CEO Steve Schwarzman knows which sports team he would buy. Business Insider asked Schwarzman that very question at an interview this week, and he picked the New York Knicks after a...
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JPMorgan CEO Jamie Dimon is betting on Kentucky Fried Chicken (JPM, YUM)
JPMorgan CEO Jamie Dimon is apparently a fan of Kentucky Fried Chicken. The longest-serving CEO of a major US bank spoke on Monday November 16 with Andrew Ross Sorkin at the Robin Hood Investors'...
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SCHWARZMAN: We're in great shape for a rate hike (BX)
Steve Schwarzman, chief executive of private-equity industry giant Blackstone, isn't worried about the prospect of interest rates rising. Schwarzman knows the conventional narrative is that rising...
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One US state has more finance whistleblowers than any other
What's going on in the Golden State?The Securities and Exchange Commission just published its annual report on whistleblowers, and disclosed that California generated 646 tips to the federal agency....
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These 3 slides show just how brutal 2015 has been for Wall Street's biggest...
It has been a rough year for investment banks. And it is all because of the big banks' fixed income, currencies and commodities — or FICC — divisions, which for so long have powered earnings.According...
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