Everything on Wall Street is shrinking
Bad news for Wall Street.The New York City securities industry earned 18% less in the first half of this year than last year, according to New York State Comptroller Thomas DiNapoli's annual Wall...
View ArticleThere's one stock Carson Block wishes he shorted in 2016
Carson Block of Muddy Waters Research made a name for himself and his short calls back in 2011 when he called out then-hedge-fund darling, Sino Forest.Now his reports are a regular part of Wall...
View ArticleA hedge fund manager's song perfectly captures why Wall Street grosses some...
Every now and then we have to gather 'round and talk about why something someone on Wall Street did, or said, represents what makes people distrust Wall Streeters in general.We've come to one of those...
View ArticleTOP WALL STREET BANKER: 'What woman has not been told that she rubs people...
Barbara Byrne is a powerful force on Wall Street.A vice chairman in investment banking at Barclays, she has spent three decades years in finance and advised on a number of high-profile deals.But as a...
View ArticleA lot of people are going to get rich(er) at this tiny Wall Street firm (GE)
Centerview Partners, the New York-based boutique advisory firm led by Blair Effron, just keeps winning business from marquee names in corporate America.The firm has landed roles on some of the biggest...
View ArticleWe've seen tech M&A booms before — but something is different this time around
A key role of the board is overseeing M&A. Technology M&A is having another record year and not showing any signs of slowing down. This year alone there have been 46 deals that were over $1...
View ArticleWall Street firms pumped $273 million in donations to candidates this election
In an election year that began with Wall Street getting pounded like a heavy bag in a Brooklyn gym and wrapped up with both the House and Senate mercilessly pummeling one of the too-big-to-fail banks,...
View ArticleTranscendental Meditation, which Bridgewater's Ray Dalio calls 'the single...
Around eight years ago, Bridgewater Associates founder Ray Dalio introduced Transcendental Meditation to his 735 employees.Dalio had already established a unique, intense culture at Bridgewater that he...
View ArticleThe stock market's 'fear gauge' is at its highest point in months over the...
The stock market’s weeklong case of the heebie-jeebies over the prospect of a Donald Trump presidency further underscores an uncomfortable truth for Bernie Sanders, Elisabeth Warren and other...
View ArticleOne chart provides a grim outlook for Wall Street bonus season
It looks as though it's going to be another down year for Wall Street bonuses.That's according to a report from the compensation consultant Johnson Associates, which predicts lower "incentive...
View ArticleGoldman Sachs will announce its elite partner list on Wednesday — here's what...
Life is about to change for a whole bunch of Goldman Sachs employees.On Wednesday, the firm will announce its new class of partners, one of the most highly coveted titles on Wall Street.The list will...
View ArticleCredit Suisse has hired a new software banker
SAN FRANCISCO, Nov 7 (Reuters) - Credit Suisse Group AG has hired Brian Marshall, a corporate development executive at cloud software firm HortonWorks Inc, to be a software-focused investment banker,...
View ArticleThere's only one place in the world to be an investment banker
American investment banks are dominating.After US banks across Wall Street reported strong third-quarter results, some analysts questioned whether the uptick in revenues was a result of healthier...
View ArticleOne word is on the lips of just about every Wall Streeter right now
And then there was (relative) calm.Donald Trump won the US election in a dramatic upset that confounded the polls and sent markets reeling. Volumes in the futures market surged.Markets then bounced...
View ArticleUS bank stocks are climbing (JPM, GS, MS, BAC, WFC, C)
Donald Trump's electoral win may have sent markets into shock on Tuesday night, but bank stocks are climbing on Wednesday.As of about 10:20 am ET Wednesday:Bank of America was up about 3.5%Goldman...
View Article'LOCK HER UP': Traders on the NYSE floor reportedly booed Hillary Clinton...
Some traders on the New York Stock Exchange floor booed Hillary Clinton, the defeated presidential candidate, during her televised concession speech on Wednesday morning, shouting "loser" and "lock her...
View ArticleGoldman Sachs just named 84 people to the most coveted rank on Wall Street
Goldman Sachs just named 84 new partners.Making partner at Goldman Sachs is one of the most coveted achievements on Wall Street."These appointments recognize some of the firm's most senior...
View ArticleGoldman Sachs' new partner list sends a big message to its junior bankers
Goldman Sachs just promoted 84 new partners — and the class makeup sends an important message to the firm's young people.Specifically, 75% of the new class joined the firm at the entry-level as...
View ArticleREPORT: Accused Flash Crash trader Navinder Sarao is going to plead guilty
Navinder Singh Sarao, the London trader accused of causing the 2010 Flash Crash, is going to plead guilty to fraud, Bloomberg reports, citing his lawyer.He was accused of "spoofing" the Chicago...
View ArticleDonald Trump's win looks like good news for Wall Street — and bank stocks are...
US bank stocks were climbing for a second straight day Thursday following president-elect Donald Trump's electoral win.Bank of America, Citigroup, Goldman Sachs, JPMorgan, Morgan Stanley, and Wells...
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