This brutal chart puts you at the heart of Wall Street's pain
One business has been dragging Wall Street down for years — and it took an even bigger-than-usual nosedive at the start of 2016.Revenues in the fixed-income, currencies, and commodities business...
View ArticleWall Street's shrinking workforce in one chart
Wall Street's workforce is shrinking.Front-office headcount at investment banks across the Street has dropped 21% over the past five years, according to the data-analytics firm Coalition.Total...
View ArticleMonsanto has rejected a $62 billion takeover offer
Monsanto is playing hardball.The agrochemical company has rejected a $62 billion takeover offer from the German pharmaceutical giant Bayer.Bayer announced the unsolicited offer on Monday. The...
View ArticleA software company could be the next big step in the IPO market's comeback
Blue Coat Systems, the security-software company taken private six years ago, is close to kicking off an initial public offering, according to people familiar with the matter.The company could make its...
View ArticleOne of the top tech-banking teams on Wall Street has been picked apart by rivals
Credit Suisse's technology-banking team is being picked apart.The group has lost six managing directors and one director so far this year, including the bulk of the West Coast tech...
View ArticleThere’s one overlooked industry at the heart of all of our modern conveniences
When most people hear the word “chemistry” I imagine eyes glazing over and maybe even an unsettling flashback to a class many would sooner forget. Except for those who moved on to study the physical...
View ArticleThe amazing story of how a Navy pilot-turned-Superbowl winner made it on Wall...
Phil McConkey is not your average Wall Streeter.His father worked three jobs to put him through private school. He served in the US Navy as a nuclear weapons transshipment pilot, before winning a...
View ArticleGoldman Sachs just figured out something important about millennials
Goldman Sachs has discovered something important about its employees: They want more feedback on how they're doing.The firm is overhauling the way it gives feedback following an internal survey that...
View ArticleEverything you need to know to land your dream job on Wall Street
Embarking on a career on Wall Street can be a nerve-wracking experience. You're up against thousands of other people during the application process, competing for a small number of roles.And if you...
View ArticleA former Goldman Sachs intern reveals 5 tips for surviving your first stint...
Wall Street internship season is just around the corner.Over the coming weeks, thousands of aspiring young bankers and traders will flock to New York City and other financial hubs to get a taste of...
View Article10 tips for new Wall Street interns from hedge fund giant Citadel
Summer is here, and that means a flock of eager students are about to start an internship on Wall Street.Most have been though the usual drill: networking with alumni, impressing recruiters at info...
View ArticleThe answer to millennials' biggest money worry might have something to do...
It's tough to be a millennial.The amount of student debt is skyrocketing and the number of young homeowners is cratering.Young people today aren't earning as much money as their parents did when they...
View Article5 former Goldman Sachs interns explain how to prepare for life on Wall Street
In just a few weeks, hundreds of students will flock to investment banks to try their hands as young financiers.If you're one of those people — about to kick off a Wall Street internship — you might be...
View Article5 successful women at Morgan Stanley share their best career advice
Wall Street has not traditionally been a woman's world.At the senior level, women make up only 20% to 35% of executives on the Street.But there are women who have made it, and they can serve as...
View ArticleUBS is now offering bankers 2 hours of personal time a week
Investment bankers at UBS can now take at least two hours of "personal time" a week in the latest attempt by a bank to retain staff with a better work-life balance.In a profession known for its...
View ArticleAPOLLO: 'We are going to keep on filling the role of banks'
The big banks' pain is private equity's gain.Regulators have forced banks to cut back on lending in the wake of the financial crisis — a bid to stop the biggest lenders from inflating another credit...
View ArticleThere are only 2 ways to survive the hedge fund reckoning
If your hedge fund is going to survive this brutal period for the industry, it's going to take either legendary talent, or an out-of-this-world investment idea with no correlation to the market.So...
View ArticleThe Goldman Sachs Elevator guide to getting ahead in your new job
Get ready. Thousands of bright-eyed graduates are set to enter the workforce for the first time – with their Brooks Brothers suits, canvas duffel bags or backpacks, and enviable hairlines.To mark the...
View ArticleA throwaway line from Jamie Dimon shows why the fintech hype has gone too far
Jamie Dimon is not wild about fintech.While most of Wall Street is abuzz about financial technologies like blockchain and online lending, the JPMorgan CEO has adopted a more sober tone."A lot of things...
View Article20 horror stories about the brutal exam Wall Streeters have been cramming for
On Saturday, all three levels of the Chartered Financial Analyst exams will be administered worldwide. The CFA curriculum is considered to be the hardest on Wall Street. To put the exams' difficulty...
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