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Parasitic trading and frenzied lobbying: Why the heroes of 'Flash Boys’ must...
Right now there's a battle over upstart trading platform IEX’s application for exchange status.And it's become an existential test of the SEC’s role in the capital markets.On one side, IEX is trying to...
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Wall Street is winning big from a rebound in a grim business
Energy companies are feeling the pinch. Wall Street is getting ready to gorge. A precipitous decline in commodity prices, including the price of oil, in recent months means that flailing companies need...
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If you’re just starting out on Wall Street, here’s where you should buy your...
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.Suits are expensive items. If you...
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The US auto industry in on an epic run — but Wall Street isn't impressed (gm,...
The US auto industry should be taking a victory lap: 2015 was a record sales year and profits continue to roll in.Cheap gas is driving sales of SUVs – leading to fat profits for the Detroit Big Three —...
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The brutal cull on Wall Street (probably) isn't finished yet
The narrative for Wall Street bank performance is pretty well established at this point.January and February were awful. March was a bit better, but first quarter results were still lousy. April seems...
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BOUTIQUE BLOWOUT: Small banks win big on Merger Thursday
Thursday was a huge day for deal makers — especially those at smaller boutique shops.Four big transactions were announced, including Abbott Labs' $25 billion deal for St. Jude Medical, AbbVie's $5.8...
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We’re obsessed with these affordable men’s dress shoes — they’re handmade in...
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.As part of an ongoing series, each...
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Goldman Sachs just made another big change in its trading business
Goldman Sachs' cohead of global fixed income, currency, and commodities sales, Dalinc Ariburnu, is leaving the bank, according to an internal memo seen by Business Insider.Ariburnu, 46, "decided to...
View ArticleThese are some of the most impressive watches you’ll see on Wall Street or...
Watches are status symbols for guys, on Wall Street or anywhere. They give a certain air of importance to the wearer; they’re public statements to the rest of the office that time is valuable to you —...
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Goldman Sachs is going down-market
NEW YORK — Goldman Sachs Group Inc., the banking gold standard for the world's elite, sees a future in less prosperous investors.A creative strategy taking shape inside the bank calls for it to partner...
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3 banks just lost close to $100 million from the collapse of another megadeal
Halliburton and Baker Hughes officially called off their $28 billion megadeal on Sunday, and three banks stand to lose nearly $100 million as a result.The oil field services giants terminated their...
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Everyone's looking at the wrong business at Goldman Sachs
When most investors look at Goldman Sachs, they see it as a fixed income, currencies, and commodities (FICC) trading business — but they may be missing the bigger picture.That's according to UBS'...
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One of the most powerful women on Wall Street told us this is the most...
Dealmaking in 2016 has been like riding a wild bronco — one minute you're on, the next you're off.Enter Robin Rankin, Credit Suisse's cohead of mergers and acquisitions.Business Insider sat down with...
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This is the one stat that has every Wall Street banker depressed
Mergers and acquisitions, or M&A, deals have been falling apart lately — and it's starting to seriously hurt Wall Street.Wall Street banks have lost $1.2 billion in revenue this year because of...
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A Wall Street exec has a brutal anecdote about deciding bonuses, and it...
Jimmy Dunne III thinks it's important to be brutally honest.He is a senior management principal at investment-banking firm Sandler O'Neill & Partners, which he cofounded with Bear Stearns’...
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Wall Street may have finally hit rock bottom
Fixed-income trading has been the blight of Wall Street for years — but it may have finally hit a bottom.Five years of declining revenues in fixed-income trading culminated in a horrendous first...
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Goldman Sachs is going after Main Street
Goldman Sachs could be turning to Main Street.The Wall Street firm has made some significant changes in recent weeks that hint at a strategic shift away from its traditionally elite clients and toward...
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The company that bought Keurig is buying Krispy Kreme (KKD)
A subsidiary of JAB Holding Company is buying Krispy Kreme Doughnuts for $21 a share, or about $1.35 billion.The deal is expected to close in the third quarter.Krispy Kreme shares rose about 24% in...
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The investor that’s buying Krispy Kreme is building a coffee and bagel empire...
The investor group that runs the biggest pure-play coffee company in the world decided to add some sweetness to its menu.JAB Holdings and its partners are spending about $1.35 billion to buy Krispy...
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We just got insight into what Bill Ackman wants Valeant to do next
Activist hedge fund manager Bill Ackman has some thoughts on what Valeant should do next.He recently urged the former CEO of Valeant to go public with plans to IPO part of its subsidiary, Bausch &...
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