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It looks like traders might have manipulated another huge market
A handful of London traders may have rigged the UK-government bond market, according to reports from Global Capital and The Wall Street Journal.Global Capital reports that regulators have contacted...
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Detroit is selling more cars than ever — but Wall Street doesn't care (f, gm,...
What a time it is to be a major automaker.General Motors and Ford have just capped off the best year in the history of US auto sales. Together they control a third of the most competitive car market in...
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The head of Morgan Stanley's most prized business is leaving the firm
Greg Fleming, president of Morgan Stanley's wealth-management business, is leaving the firm, according to a memo from CEO James Gorman seen by Business Insider.Colm Kelleher, currently president of the...
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This could be the next CEO of Morgan Stanley
The path has been cleared for Morgan Stanley executive Colm Kelleher.Currently president of the firm's institutional-banking and trading division, he has been named sole president of the firm.And the...
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Here's the full letter Greg Fleming sent to his Morgan Stanley team last night
Greg Fleming, the president of Morgan Stanley's wealth-management business, suddenly departed the firm on Wednesday after Colm Kelleher was tapped to become the sole president of the bank.Fleming had...
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Morgan Stanley execs keep swapping jobs — and it says something important...
Morgan Stanley is rotating its star players.On Wednesday, the firm's president of institutional securities, Colm Kelleher, was handed control of wealth management as well. Greg Fleming, who had been...
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Silicon Valley is going to be visiting Wall Street more often
We all know tech initial public offerings, or IPOs, were a bust in 2015.But Deutsche Bank's tech-equity capital-markets team — that is, the team that runs tech IPOs — has an argument for why that could...
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Bankers are scrambling to get in on what could be the biggest deal of all time
Saudi Arabia is considering selling shares of Saudi Aramco, the state-owned company that is the world's largest oil producer, on a public exchange.The revelation came, somewhat unexpectedly, from Saudi...
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The one critical error Wall Street analysts have to avoid when they hear...
This month, managing directors at investment banks will be letting their junior staff know what they're getting for their bonus.For newcomers to bonus seasons, it's important to never show that you are...
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Betting on unicorns last year was basically like flipping a coin
Investing in Silicon Valley "unicorns"— startups valued at $1 billion or more — used to be a sure bet.Investors saw outsized returns from initial public offerings, or IPOs, and attractive startups...
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The most brilliant China analyst in the world says the government has a 'new...
China started 2016 with two mini stock market crashes and a 0.5% currency devaluation.So it should come as no surprise that Charlene Chu, an analyst known the world over for making sense of China's...
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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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There is a war for talent on Wall Street (GS, C, WFC, JPM)
The fintech industry's budding startups keep bringing on Wall Street establishment firms as investors. And they are hiring big Wall Street names, too. At a time when money coming into the fintech...
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One bank could win out in 2016 — in good times and bad
The winds are changing on Wall Street, and Wells Fargo (WFC) could be the biggest beneficiary.That's according to a note from Goldman Sachs analyst Richard Ramsden, who writes that the bank is well...
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2 things could seriously hurt Wall Street banks in 2016
Bank stocks are on a tough run. In a recent note to clients, Deutsche Bank's Matt O'Connor pointed out that the KBW Nasdaq bank index is down 17% from its highs in July last year. It's down 15% since...
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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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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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Morgan Stanley allowed its staff to use Airbnb after a bunch of young...
Airbnb just won some business with Morgan Stanley.On Monday, the global investment bank told its staff it would allow all employees to use Airbnb Business Travel for work-related travel as part of its...
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The 21 best skiers working on Wall Street
Now that proper winter temperatures have finally arrived, folks will want to hit the ski slopes for the three-day holiday weekend.We've tracked down some of the top ski racers who are now working on...
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The must-read guide to the key issues at every major Wall Street bank
Wall Street banks had a rough end of 2015, and now analysts are looking ahead at what's to come this year.Societe Generale bank analyst Geoff Dawes and his team put together a "Banks Handbook" for the...
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