Wall Street isn't the enemy
I worked on Wall Street for 30 years and have been studying markets even longer.Wall Street has come under fire in recent years, mostly from people who never worked there, and know little about how and...
View ArticleSome of Wall Street's biggest names were asked their advice for recent...
It's that time of year again.Graduates are celebrating finishing college, and embarking on the next step in their lives.That can include snagging a job, scouring housing options, and getting your money...
View ArticleA senior GE executive started asking this one question in meetings after...
Tension is a good thing.That's according to Beth Comstock, the first chairwoman in GE's history.Comstock was just featured in Adam Bryant's Corner Office column in The New York Times.She talked a great...
View ArticleYou're an activist investor, whether you like it or not
The past decade has seen an explosion in one particular type of investor: the activist shareholder. These are powerful hedge fund managers who make a lot of noise in corporate boardrooms. To some,...
View ArticleWe just got answers from the scandal-rocked store that sells America its...
Mark Light — who runs the company that owns Kay Jewelers, Zales, and Jared's Galleria — is having a particularly hard few weeks.It started when BuzzFeed published a story about women across the US who...
View ArticleThe former CEO of a $120 billion company says Wall Street makes too much...
Chief executives are under pressure to produce returns for shareholders — often at any cost.Activist investors, who now manage some $174 billion in assets, have exploded onto the scene, shaking up...
View ArticleInside the intense event that decides 'Wall Street’s Best Athlete'
The fittest men and women on Wall Street competed for the crown of "Wall Street's Best Athlete"on Sunday June 12.All 110 competitors gave it their all and raised over a $1 million for pediatric cancer...
View ArticleHere are the top Wall Street firms to work for, according to LinkedIn's users
The hunt for talent is getting more and more difficult.LinkedIn published a list of the top 40 companies in the US that are best at finding and keeping great employees.The ranking is based on the...
View ArticlePrivate equity is hoarding $971 billion — here's where they're going to spend it
The oil market is wobbling, and that spells good news for private equity firms.That's according to Ernest & Young's latest report led by Jeremy Barnes and Charles Berkeley, which surveyed 100...
View ArticleA San Francisco-based boutique bank just made a big hire
The financial tech, or fintech, boutique investment bank FT Partners has hired Stephen Stout as a managing director. Stout joins the firm from the payment tech company First Data, where he was global...
View ArticleJefferies just put the hype about a Wall Street rebound into perspective with...
"Merely stable versus robust."That was how Jefferies described trading conditions in the three months ended May 31.The Wall Street investment bank on Tuesday announced an uptick in revenues for its...
View ArticleA banker who advises some of China's hottest startups shares what he looks...
China Renaissance CEO and founder Fan Bao meets a lot of startup entrepreneurs.He has provided mergers-and-acquisitions advice and underwritten initial public offerings for some of China's hottest...
View ArticleA profound cultural shift is taking place on Wall Street
Tom Cornacchia was unusually frank.The global cohead of fixed-income sales at Goldman Sachs told attendees at a housing-finance conference earlier this year that a culture shift was underway in his...
View ArticleHedge fund managers have the lamest excuses for why they stink right now
Likely, you've heard that 2016 has been a miserable year for the hedge fund industry. The Masters of the Universe have been beaten down by volatile markets and low interest rates. Their clients are...
View ArticleA recent Goldman Sachs analyst describes all the best perks for young bankers
You've probably heard of the long hours and grunt work that entry-level employees on Wall Street have to endure.But what about the perks?Of course there's the high pay. But young bankers get...
View ArticleWould-be MBA students are paying consultants up to $10,000 to get into their...
It's less than two months to go until the round-one deadline at the country's top MBA program.Harvard Business School has the earliest application deadline, with round-one applications for fall 2017...
View ArticleJPMorgan is giving 18,000 employees a raise because 'wages for many Americans...
JPMorgan is giving some employees a raise.The firm is raising its minimum pay for 18,000 overtime-eligible US employees from $10.15 an hour to a range of $12 to $16.50 an hour, depending on market...
View ArticleWALL STREET JARGON DECODED: A former Goldman Sachs analyst explains how to...
Have you ever spoken with your finance friends and wondered what exactly they were saying? It often feels as if Wall Streeters have their own language, especially when talking about what they do.Alan...
View ArticleA recent Goldman Sachs junior banker launched a podcast to explain everything...
Ever wonder what an investment banker actually does?If you've ever heard terms like "IPO" or "DCF" tossed around without a clue as to what they mean — or speculated about 100-hour workweek horror...
View ArticleUBS investment bankers can finally breathe a sigh of relief
After drastic staff cuts in recent years, there is finally light at the end of the tunnel for UBS Group.Andrea Orcel, president of UBS' investment bank, thinks the unit's workforce has reached the...
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