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Goldman just made a big hire to its prized technology division
Goldman Sachs hired attorney Angela Payne James as the chief of staff for the technology division, according to an internal memo that went out on Tuesday morning."Angela’s responsibilities will include...
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Senior bankers are doing something unheard of with their bonuses to hold on...
Deutsche Bank is so desperate to keep junior bankers happy that some managing directors are taking a cut to their own bonuses to give junior bankers a little more.That's according to The Financial...
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The hedge funder who published a 99-page report to shake up Yahoo just...
Eric Jackson of SpringOwl Asset Management is becoming known for dropping in-depth presentations calling for dramatic action at companies he's invested in.For his last target, Yahoo, he strongly...
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If you ignore a bunch of stuff, Goldman Sachs had a great quarter (GS)
Goldman Sachs on Wednesday reported fourth-quarter earnings that were a beat if you exclude a big one-off settlement.The firm reported diluted earnings per share of $1.27 on revenue of $7.27 billion.It...
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Goldman Sachs has a bull case for the business that's been wrecking Wall Street
Fixed income, currencies, and commodities trading businesses have been a horror show for Wall Street banks.Goldman Sachs, however, has stayed the course in the business, largely maintaining its...
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Deutsche Bank just announced preliminary earnings — and they're terrible
Deutsche Bank just announced preliminary fourth-quarter earnings and they are not good.The firm said it expects to report a full-year net loss of 6.7 billion euros ($7.3 billion). Before income taxes,...
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Goldman Sachs is swimming against the tide
You can always count on Goldman Sachs to head left when everyone else is going right.In 2015, it did so by hiring 2,800 people in one of the largest staffing increases in the bank's history.On a call...
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How Goldman Sachs persuades top tech talent to work there instead of at...
For aspiring investment bankers, Goldman Sachs is a dream place to work.But the firm wants to become an equally coveted workplace for the world's best computer scientists, programmers, and...
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Wall Street is done with superstars
The days of the larger-than-life Wall Street mergers and acquisitions banker are over.That's according to Steve Lipin, senior partner at public-relations firm Brunswick and a former Wall Street Journal...
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JPMorgan CEO Jamie Dimon made $27 million in 2015 (JPM)
JPMorgan's board of directors has approved CEO Jamie Dimon pay for 2015, and it's a pretty big number.Dimon will receive $27 million in total compensation for the year. Broken down, it's $1.5 million...
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JPMorgan wants new parents to take an extra month off
JPMorgan is going to let employees take a little more parental leave.On Thursday, the firm told staff it would increase fully-paid parental leave for primary caregivers in the US from 12 to 16...
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Here's how much Goldman Sachs' most senior execs were paid last year (GS)
Goldman Sachs CEO Lloyd Blankfein made $23 million in 2015 — down $1 million from the year before.Blankfein's compensation included $2 million in base salary and $6.3 million in cash bonus, according...
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There's 'blood in the water' in Silicon Valley and Goldman Sachs is excited...
The demise of startups with billion-dollar valuations has been the talk of the town all week at the World Economic Forum in Davos.But, swimming against the tide as usual, Goldman Sachs sees...
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JPMorgan is taking on one of the most notorious problems on Wall Street (JPM,...
JPMorgan on Thursday told its investment bankers that they should take weekends off when they're not working on imminent deals.The new initiative, dubbed "Pencils Down," aims to return some "life" to...
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There's really only one question on Wall Street right now
Have markets got it right?That is the question dominating the attention of executives on Wall Street and in corporate America right now. Financial markets seem to be bracing for a global recession. One...
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Morgan Stanley just announced 156 new managing directors
Morgan Stanley just released a list of its newest managing directors.This year's list has 156 names, up from 151 last year.Thirty-three, or 21%, of the new MDs are women. That's on par with last year,...
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The CFA Level 1 results are in
In December, 52,315 aspiring finance buffs took the first level of the notoriously tough Chartered Financial Analyst exam.Only 43% of them passed.That's in line with historical pass rates for Level I...
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The first thing you should do when you start at a Wall Street bank
Navigating through your first Wall Street job is not going to be easy.Junior bankers work long hours under high pressure in extremely competitive environments.But there's one thing you can do to help...
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Bill Ackman says he would've lost less money if other people didn't think he...
Bill Ackman, billionaire founder of the hedge fund Pershing Square Capital Management, had a horrible 2015.His fund delivered a -19.3% gross return.Naturally, he then had to explain why his fund...
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Bill Ackman just confirmed an idea about stocks that had Wall Street totally...
Billionaire hedge fund manager Bill Ackman has confirmed a dark narrative about the stock market that Wall Street was freaking out about at the end of last year.Ackman's fund, Pershing Square, had a...
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