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3 research heads have left UBS
Three equity research heads have left UBS in Europe, according to people familiar with the matter.Fredric Stahl, the head of the European capital goods research; Eva Quiroga, the head of the European...
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Many crucial business lessons are not taught in MBA programs — here's...
The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships so we may get a share of the revenue from your purchase.You learn a lot on the way to getting...
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A perfect example of how China confuses Wall Street to no end
Consider this a pretty solid example of why Wall Street is totally confused by China.You may remember that in late 2015, China decoupled the yuan from the dollar and pegged it to a basket of...
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Wall Street's best business is cratering
Wall Street's engine room is spluttering.The equities business, which had a stellar year in 2015, has gotten off to a lousy start this year.Stock markets have taken a hammering, putting a hole in...
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'Weapons of Mass Destruction' are creating havoc in financial markets
The solution may be the problem.That's Wall Street's emerging consensus on negative interest rates, which have been implemented around the world in a bid to catalyze economic growth.In all, 489 million...
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Here's what happens when an old-school finance firm buys a startup
As technology startups disrupt the retail, healthcare, and finance sectors, many traditional companies — those getting disrupted — are choosing to partner with the innovators.Last year, the...
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Startups are partnering with the Wall Street firms they're meant to replace —...
The financial-technology, or fintech, industry has exploded, and big banks are sitting up and paying attention.Often, fintech companies like robo-advisers and financial-planning startups are seen as...
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There's one thing stopping finance startups from working with big Wall Street...
Many Wall Street firms and traditional financial institutions are looking to innovate by partnering with tech startups.Earlier this month, for example, JPMorgan launched a trial project with Blythe...
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Wall Street's nightmare stock crashed through the opening bell
There is more bad news for SunEdison, the solar-power company that has seen its stock plummet 92% in the past year.Bloomberg reported on Wednesday after the market had closed that the solar utility...
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There are 2 tribes on Wall Street, and they could be about to go to war
Stock trading specialists on Wall Street are being asked to give their colleagues in the fixed-income markets a hand.The bond-trading veterans aren't so sure they want the help.Consider what happened...
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One chart that should strike fear into investors everywhere
The Federal Reserve Bank of New York has a new post on its Liberty Street Economics blog that focuses on the potential for fire sales in times of stress.The conclusion should be enough to put investors...
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A popular online lending unicorn is raising its rates because of global...
Peer-to-peer lender Prosper Marketplace is raising its rates.Going forward, loans made through Prosper's consumer-lending platform will cost an average 1.4% more for borrowers, The Wall Street...
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Something terrible seems to be happening to the Chinese job market
Quanton Data, a firm that focuses on structuring big data, has put together a database of job postings from over a hundred different job boards serving China.Erik Haines, founder and chief executive of...
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Citigroup CEO Michael Corbat got a 27% raise (C)
Citigroup CEO Michael Corbat received a $16.5 million pay package in 2015, according to a regulatory filing.That's up 27% from the year before.Corbat received $9 million in variable compensation, half...
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Something terrible seems to be happening to the Chinese job market
Quanton Data, a firm that focuses on structuring big data, has put together a database of job postings from over a hundred different job boards serving China.Erik Haines, founder and chief executive of...
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The stock market exodus is accelerating
The exit from the stock market is picking up speed.The seven days that ended Wednesday saw the largest outflow from equity funds of any week in five months, according to Bank of America Merrill...
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Blockchain startup itBit is opening up in London office — here's what its...
New York-headquartered blockchain startup itBit on Tuesday announced it is opening a new London office to spearhead expansion in Europe, the Middle East, and Africa.We felt that was a good excuse to...
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Wall Street had a disastrous year
The numbers are in, and it's official: Wall Street had a horrible 2015.Poor trading results and low client activity in the second half of the year led to an overall drop in revenues for Wall Street...
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Marco Rubio is winning the Wall Street fundraising race
WASHINGTON/NEW YORK (Reuters) - Republican Marco Rubio's presidential run has drawn more money from Wall Street donors than any other candidate, according to a Reuters review of campaign finance...
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GOLDMAN SACHS: It has been a horrible start to 2016 for Wall Street
Wall Street banks have had a tough start to the year.Goldman Sachs bank analyst Richard Ramsden said in a note Monday that the first quarter could be the weakest in recent history for capital markets...
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