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15 Tips For Getting The Perfect Tailored Suit
Every man needs a suit, every businessman needs a tailored suit. And that especially goes for Wall Streeters. But in tough times like these, Wall Streeters have to be mindful of what they're wearing....
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A Wall Streeter's Tips For Acing Your First Sales And Trading Interview
It’s interview season, time of great joy and nostalgia: over the past decade, I have been in both sides of many interview tables, BB, consulting, HFs, you name it. If you are interviewing for S&T,...
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Greg Smith's First Television Interview
Greg Smith, the former Goldman vice president who resigned from the bank via a scathing op-ed in the New York Times, was on CBS's "60 Minutes" with Anderson Cooper moments ago. It was his first...
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A Long-Time Secretary To 98-Year-Old Banking Legend William Salomon Has Been...
The New York Times' Peter Lattman reports that the former secretary to William R. Salomon, a former top partner at Salomon Brothers, was arrested and charged earlier this year with allegedly stealing...
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Goldmanites Are Using Characters From Greg Smith's Book As Nicknames In The...
Since excerpts of Greg Smith's book have been made public, some employees at Goldman Sachs are using the in "Why I Left Goldman Sachs" as nick names, according to the WSJ. From the WSJ: One favorite...
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Want To Be An Investment Banking Analyst? Here's The One Trait You Really Need
Even if you remember nothing else out of the Vault guide and all those other investment banking interview guides out there, you remember attention to detail. The one quality all prospective investment...
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A Floor Broker Explains What They Actually Do All Day At The New York Stock...
The storied New York Stock Exchange in lower Manhattan is a symbol of American capitalism. The floor brokers, specialists and designated market-makers (DMMs) on the trading floor are the face of Wall...
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Barney Frank Comes To The Defense Of JPMorgan After Latest Mortgage Suit
Congressman Barney Frank defended JPMorgan following a civil lawsuit filed by the New York AG over mortgage fraud relating to the Bear Stearns unit the bank acquired during the height of the financial...
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What A Wall Street Trading Floor Is Really Like
Have you ever seen a trading floor? No, we’re not talking Liar’s Poker here… We’ve all seen the so-called “pit traders” on CNBC yelling and screaming at each other. But what’s it like on a typical...
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The Unspoken Blood Feud Inside Every Investment Bank — Analysts Vs. Associates
“Dude, this new ex-consultant Associate is such an idiot. Why do they even hire people like this?”“At least yours didn’t make you spread the same comps ten times for no reason.” “Why is that Analyst...
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Bank Of America Is Being Sued For $1 Billion Over Alleged Mortgage Fraud
Preet Bharara, the U.S. attorney in Manhattan, is suing Bank of America for over $1 billion mortgage fraud against Fannie Mae and Freddie Mac, according to a press release. [via @BloombergNews] The...
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There's Something Wrong With The Goldman Sachs Cafeteria
If the media is disappointed by the lack of scandal in Greg Smith's, 'Why I Left Goldman Sachs' tell-all, they should, instead, turn their attention to some of the quirkier anecdotes in the book—...
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Meredith Whitney On The 'Endless Beat-Down' Wall Street Faces
Bank analyst Meredith Whitney was just on CNBC, and the first thing she was asked about was the new $1 billion lawsuit against Bank of America. What she said in response goes for the whole Street —...
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Wall Street Sports-Betting Boss Was Arrested In Las Vegas On A Warrant From...
Mike Colbert, the head oddsmaker for Cantor Gaming, an affiliate of brokerage firm Cantor Fitzgerald, was arrested in Las Vegas yesterday for illegal bookmaking, Las Vegas Review Journal reports. The...
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How To Turn A Weekend Trip Into A Wall Street Job
And no, I’m not referring to weekend ski trips, a 3-day gambling spree in Monaco, or your feeble attempt to ask your MD for a vacation2 months after you started.These are the weekend trips where you...
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The Single Biggest Thing Obama Wants To See Change On Wall Street
Rolling Stone Magazine's Douglas Brinkley caught up with President Obama on the campaign trail. The interview isn't online yet, but we checked it out on paper (old-school) and picked out what Wall...
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Taylor Swift Owes Her Career To A Certain Merrill Lynch Financial Adviser...
Everyone is talking about country music superstar Taylor Swift's new album "Red," which recently came out. The album sold more than 262,000 copies on iTunes on the first day of its release. At 22,...
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The Best Explanation Of What Investment Bankers Do We've Ever Heard
I’ve seen many explanations of what investment bankers actually do, but they’ve all been either bad or boring. I can sum up what we do in 2 words and 1 picture: Ari Gold. Investment bankers are...
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Sales Of Wall Street's Favorite Computer Have Stagnated
Perhaps this is an indicator of how Wall Street is really doing. Via Zerohedge, the New York Post's Keith J. Kelley reports that Bloomberg LP has grown its Bloomberg Terminal sales by only ~1,000...
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Here's Some More Info About The Citi Junior Analyst Who Leaked Facebook IPO...
Citigroup's Internet analyst Mark Mahaney was fired today after the firm was fined $2 million by the state of Massachusetts for disclosure violations during the Facebook IPO. One of Mahaney's junior...
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