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The anti-corruption campaign sweeping China is coming for the finance sector...
Wall Street China has become a terrifying place. The anti-corruption probe that has been sweeping China industry by industry for two years has finally reached the country's financial sector — just as...
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8 questions for Wall Street titan Steve Schwarzman (BX)
Blackstone Group CEO Steve Schwarzman rose through Ivy League schools and the US Army Reserves to become one of the top bankers at Lehman Brothers at the beginning of Wall Street's leveraged buyout...
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Energy companies have a new problem on their hands
It isn’t just the falling oil price that big energy companies have to worry about.They might just have activist investors beating down their door before long too.That's according to a joint report from...
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The top Citigroup stock trader just landed a huge role at a $5.7 billion...
UBS O'Connor, the $5.7 billion hedge fund unit housed by UBS, has hired former Citigroup trader Kevin Russell to be chief investment officer, according to people familiar with the matter.He will join...
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Here's what Wall Street's top performers expect from their bonuses this year
2015 has been the year of the equities trader.Revenue at stock-trading desks is up and big names are landing huge roles. Early indications suggest total compensation is going to increase for the top...
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Dietary-supplement stocks are getting crushed (GNC, VSI, HLF)
Stocks of nutritional-supplement companies dropped on Tuesday on reports that the Department of Justice would take actions related to dietary-supplement sales and unlawful ads.Shares of GNC, Vitamin...
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Goldman Sachs tries to address 'misunderstanding' about murky business line...
One part of Goldman Sachs' business got hammered in the third quarter, and people have been asking questions about it ever since.The bank's investing-and-lending business line saw a 60% drop in revenue...
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2 big bank CEOs just explained why they're throttling personal-finance...
Big banks have recently throttled popular consumer apps and restricted their access to key data, frustrating their own account holders.And two CEOs just provided a little more insight into why.William...
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GOLDMAN SACHS CFO: We're cutting back in trading too ― we're just doing it...
Fixed income divisions at Wall Street banks have suffered over the past year, especially in the third quarter.That has led several big banks, particularly those in Europe, to make deep cuts to their...
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JPMORGAN: We love the business that is hurting the rest of Wall Street (JPM)
The fixed income, currencies, and commodities business on Wall Street has been a horror show in 2015.FICC revenues at the 10 biggest banks were down 9% for the first nine months of the year....
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Wall Street pay has crashed
Wall Street just isn't as remunerative as it used to be.And the chart below, which is based on compensation data from the annual Options Group survey, shows just how much less Wall Streeters earn now...
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Goldman Sachs is having a monster week (GS)
Goldman Sachs' investment banking team is having a huge week.The US investment bank is advising US specialized industrial gas company Airgas on its $10.3 billion sale to Air Liquide. It is working...
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The difference between the 'buy side' and the 'sell side'
“What is the reward of being right, benchmarked against the cost of being wrong?” – David RosenbergFor a number of years David Rosenberg was one of the top dogs at one of the largest, most well-known...
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One of short seller Andrew Left's targets just announced a big buyback (MNK)
The specialty pharmaceutical company Mallinckrodt added $500 million to its share-buyback program on Thursday.That is in addition to the $200 million remaining from the share-repurchase program it...
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Square is soaring — and it's a huge relief for Wall Street and Silicon Valley
Square shares opened at $11.20 at the company's public-trading debut on Thursday morning, spiking more than 50% soon after.Wall Street and Silicon Valley are watching the deal closely.A successful...
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The Lehman Brothers collapse changed one young trader's life — now he's...
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...
View ArticleHow a successful investment banker used insider information to bankroll his...
Frank “Perk" Hixon Jr. was a Senior Managing Director at Evercore Partners until an insider trading scandal derailed his career. While he was still at the investment bank, Hixon Jr. had access to...
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A trader started a GoFundMe page to pay back $100,000 to E-Trade after a...
A day trader in Arizona has started a GoFundMe page asking fellow traders to help him pay off a $100,000 debt to E-Trade after a disastrous short bet on a biotech stock.Joe Campbell, a 32-year-old...
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The power players behind Jamie Dimon: the most important JPMorgan execs...
Jamie Dimon is the undisputed leader of JPMorgan. The end of this year will mark his 10th anniversary at the consumer and investment-banking powerhouse.He leads from the front and is a dominant...
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The hottest investment trend on Main Street is reshaping Wall Street
There's a new trend in investing, and it's changing the game for a number of Wall Street institutions.That trend, according to a note from Barclays' Kenneth Hill, is the growing popularity of...
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