The sad fact about Wall Street trading startups
The majority of startups fail. A little googling told me that over 90% fail within three years. Despite the fact that the cost of starting a company has decreased considerably via cloud computing and...
View ArticleThe rise and fall of the hottest financial product in the world
In 2007, the market for credit default swaps (CDS) was on a six year journey from relative obscurity, to being the hottest financial product in the world.The outstanding notional size of the market had...
View ArticleLloyd Blankfein has some advice for young people, though it's something he...
Goldman Sachs CEO Lloyd Blankfein's best piece of career advice is a bit of a puzzle."I'll give you advice that's impossible to follow," Blankfein told a roomful of Goldman Sachs interns last...
View ArticleThis is how much you can hope to earn on Wall Street based on your degree
Wall Street professionals have a variety of college degrees and majors, but some are more lucrative than others.Emolument, a salary-benchmarking website, gathered data on 2,800 finance professionals at...
View ArticleWe asked some of the smartest minds in finance how Wall Street is going to...
It's clear that technology is changing financial services at a rapid rate.Business Insider surveyed a number of the brightest minds in financial technology, including chief technology officers at...
View ArticleThe 10 best colleges for a job on Wall Street
Ever wonder where Wall Streeters come from?It turns out that many of them — at least the ones based in New York City — went into finance from one of 10 schools.That's according to Emolument, a salary...
View Article4 times that Hollywood got Wall Street wrong
From “It’s a Wonderful Life” to “The Big Short,” Hollywood has long been fascinated with money and Wall Street.But finance and markets can get highly technical, testing the ability of even the best...
View ArticleWe're heading for a tech IPO liftoff, and there's one simple reason why
2016 has been a particularly slow year for initial public offerings, especially in the technology sector.The first quarter was the worst for IPOs since the depths of the financial crisis. And while...
View ArticleValeant's been ripping higher on some of the most trifling Wall Street...
In the long national nightmare that has been the crash of Valeant Pharmaceuticals, we've seen Wall Street make some conjectures that were wrong — dead wrong.Things have been especially off base this...
View ArticleA former Perella Weinberg banker was convicted for giving his dad insider...
NEW YORK (Reuters) - An ex-Wall Street investment banker was convicted on Wednesday of engaging in insider trading by tipping his father off to unannounced healthcare mergers, a victory for prosecutors...
View ArticleEx-Wall Street banker convicted for giving father insider tips
An ex-Wall Street investment banker was convicted on Wednesday of engaging in insider trading by tipping his father off to unannounced healthcare mergers, a victory for prosecutors after an appellate...
View ArticleThe stock market is rooting for Hillary Clinton to win
Wall Street titans from Carl Icahn to George Soros and Bill Gross have pooh-poohed the stock market’s recent rise and are increasing their bearish bets.Brokerages like Goldman Sachs and Barclays...
View ArticleBillionaire investor Howard Marks just went after Donald Trump's economic...
Howard Marks, the billionaire cofounder of Oaktree Capital Management, thinks Republican presidential nominee Donald Trump is delusional.In his latest memo, dubbed "Political Reality," Marks dedicated...
View ArticleWall Street is no longer New York City's biggest job engine
Wall Street is no longer New York City's biggest job engine.The city counted on the finance sector to fuel economic growth during recoveries and expansions in the past, New York Federal Reserve...
View Article11 of Wall Street's top analysts reveal their favorite stock picks
Once in a while, it's good to step back and take stock of the state of things.So we asked some of the best stock pickers on Wall Street to help us get a better idea of what's happening out there. Which...
View ArticleWall Street is abandoning Wall Street because it's too expensive
Wall Street has long been the center of the American financial universe.Home to the New York Stock Exchange, the New York Federal Reserve, and many important financial institutions, Lower Manhattan has...
View ArticleAspiring 'finance bros' may have a hard time getting a job at the world's...
Anyone living in New York City is familiar with the stereotypical "finance bro"— the young guy with a job on Wall Street who acts as if he never left his frat house.According to former entry-level...
View ArticleThe simplest explanation of investment banking we've ever heard
You may know what investment bankers tend to look like, or what kind of qualifications they usually have — but how much do you know about what Wall Street bankers actually do?Alan Li, a former Goldman...
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 ArticleWe asked some of the smartest minds in finance how Wall Street is going to...
It's clear that technology is changing financial services at a rapid rate.Business Insider surveyed a number of the brightest minds in financial technology, including chief technology officers at...
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