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Here is what could go wrong on Wall Street in 2016
By all rights, 2016 should be a good year for the U.S. stock market.The Federal Reserve's recent rate hike signals confidence in the economy and presidential election years typically reward investors....
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The guy made famous by 'The Big Short' for predicting the housing crash has a...
Michael Burry thinks the "risk-pricing mechanism" of the global economy is broken and we're "building up terrific stresses in the system."Burry is the central character of "The Big Short," a...
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The great bitcoin gold rush may already be over
Bitcoin companies may have already hit their peak.Venture fundraising in the bitcoin-related space has fallen sharply from the first quarter high, with big banks on Wall Street now looking to develop...
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The definitive guide to drinking like a Wall Streeter
On New Year's Eve you may find yourself drinking with a Wall Streeter or two.Best that you're prepared. These guys are experts.Bankers drink to entertain clients, they drink to entertain themselves...
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One thing all junior bankers who want to work at hedge funds should know
Headhunters are not your friends.That is the simple message that one former Bank of America Merrill Lynch analyst tells every junior banker he mentors."They may seem like it — they may try to convince...
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Meet the 29-year-old running $7 billion for wealthy clients
Forbes has just released its annual "30 Under 30" list for various industries.One standout on the finance list is Minesh Bhatt, 29, a senior coverage officer in the global family office business at...
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Meet the Goldman Sachs 'game changers' that made Forbes' 30 Under 30 list...
Forbes' latest 30 Under 30 finance list just dropped, and a handful of people from Goldman Sachs made the cut.The 30 Under 30 list is chosen by a panel of judges consisting of Anthony Scaramucci, the...
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A Wall Street legend who died New Year's Day offered a great piece of advice...
John Angelo, the 74-year-old New Yorker who led $25 billion investment firm Angelo Gordon & Co., died Friday, January 1, after a struggle with cancer.He cofounded Angelo Gordon and led the firm for...
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2 Wall Street banks dominated deal making in 2015 (JPM, GS)
There were two clear winners on Wall Street in last year's deal-making bonanza.JPMorgan ranked as the top investment bank globally by fees for 2015, according to data provider Dealogic, with Goldman...
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These 5 private-equity stars are running massive deals while in their 20s...
This year's Forbes' 30 Under 30 for Finance list features a number of top private-equity pros.They've quickly risen up the corporate ladder at the largest investment firms on Wall Street.The list...
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How Goldman Sachs' most senior execs unwind
Investment banking is an infamously high-stress career. It usually means working long hours, too.So it's important for bankers and traders to unwind.Goldman Sachs has been asking its leaders how they...
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Big banks are joining forces with the firms that were supposed to be...
America's biggest banks are backing online lenders.Wall Street institutions like Citigroup, JPMorgan, and Barclays are partnering with startups that, in many cases, set out to disrupt the banks they...
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There is really only one area of investment banking you want to be in right now
Investment bankers working on mergers and acquisitions had an incredible 2015.A record-high $5.05 trillion in M&A activity took place during the year, according to Dealogic. The year also saw a...
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Sanders vows to break up banks during his first year as president
Characterizing Wall Street as an industry run on "greed, fraud, dishonesty and arrogance," Democratic presidential candidate Bernie Sanders pledged to break up the country's biggest financial firms...
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Valeant names interim CEO while Michael Pearson remains on medical leave
The embattled Canadian drug company Valeant Pharmaceuticals has named its former chief financial officer Howard Schiller as interim CEO.Robert Ingram, the lead independent director on Valeant's board,...
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3 things every young Wall Streeter needs to know going into bonus season
It is the most wonderful time of year on Wall Street.That's because it's bonus season!We spoke with a veteran bank analyst and hedge fund portfolio manager, and he had three rules for young Wall...
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It's pretty clear who the long-run winners on Wall Street will be
JPMorgan banks analysts led by Kian Abouhossein published a 110-page note on Wednesday about the key investment themes for the financial sector.There are lots of interesting tidbits, covering revenue...
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One anecdote sums up how Wall Street's workforce has changed since the...
There is an apocryphal anecdote about a chief executive of a European bank and a trip to the trading floor that pretty much sums up what has happened to Wall Street staffing since the financial...
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Wall Street is stuck in 2005
Investment-bank revenues have been more or less flat for years, and they seem likely to stay that way for a while.In a note Wednesday, JPMorgan's Kian Abouhossein suggested the banks may have reached a...
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One of Silicon Valley's hottest VCs just threw millions at a startup that...
Much of a morning on Wall Street is spent combing through piles and piles of analysis from a myriad of banks, research firms, and buy-side shops.Street Contxt is a startup in the process of creating a...
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