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Preet Bharara wasn't the Wall Street 'sheriff' that many make him out to be
After his election in 1968, President Richard Nixon asked Robert Morgenthau, the US Attorney for the Southern District of New York, to resign. Morgenthau refused to leave voluntarily, saying it...
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The average bonus on Wall Street last year was $138,210
The average bonus paid out to New York City securities industry employees in 2016 was $138,210, according to a statement from the New York State Comptroller Thomas DiNapoli.That's up 1% from the...
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High-frequency trading firm KCG jumped 23% on a report Virtu Financial wants...
E-trading firm Virtu Financial is looking to buy KCG Holdings for $1.2 billion, CNBC reports, citing Dow Jones.Shares in KCG jumped 23% on the news.KCG, founded in 2013 and based in New York, is a...
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Fed policymakers are turning increasingly hawkish about the state of Wall Street
The Federal Reserve just raised interest rates for the second time in three months, signaling a dramatic quickening of its prior pace.For the first time in more than a decade, Fed policymakers are...
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Here's what 9 Wall Street gurus think about the Fed's rate hike
The Federal Reserve hiked interest rates on Wednesday, raising its target federal funds rate by 25 basis points to 0.75%-1.0%.The rate hike is seen as a vote of confidence in the US economy, which has...
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Canada Goose explodes 40% on first day of trading (GOOS)
Canada Goose popped nearly 40% on its first day of trading Thursday.The Canadian luxury retailer opened for trading at $18 a share after pricing at $12.78 (CAD $17.00) on Wednesday evening.Wednesday's...
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PETA bought Canada Goose stock in order to protest the company's use of fur...
The animal rights activist organization PETA says it bought into Canada Goose's initial public offering Thursday in order to protest the company's use of fur and goose down.The Canadian luxury retailer...
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Goldman Sachs' CEO just issued a defense of his firm's tradition of sending...
Goldman Sachs CEO Lloyd Blankfein dedicated a portion of his annual letter to defending his firm's tradition of sending alumni to government positions."Gary was not the first person from Goldman Sachs...
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Deutsche Bank just made a big hire in trading from Citi
Deutsche Bank has hired a new head of equity derivatives for the Americas.The German bank has hired David Silber from Citigroup, according to people familiar with the matter. He is expected to start in...
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Here's how much Valeant short sellers have been killing it ever since Bill...
A quick note on Valeant Pharmaceutical short sellers from Wall Street analytics firm, S3 Partners– something to give a little context to hedge fund billionaire Bill Ackman's exit from the company."VRX...
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Wall Street has been 'turned upside down'
It was supposed to be the age of the asset owner. Post-financial crisis, the investment banks that had once ruled finance were brought to their knees, and the asset managers suddenly had all the...
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A top Wall Street report has some bad news for stock traders
Pity the poor stock trader.Those working in the equities divisions at Wall Street banks have had a pretty rough time lately. Revenue from equities divisions at the top Wall Street banks dropped 13% in...
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Goldman Sachs CEO Lloyd Blankfein took a $1 million pay cut last year — to...
Goldman Sachs CEO Lloyd Blankfein was paid $22 million in total compensation in 2016, according to a regulatory filing.That's down $1 million from the roughly $23 million in salary and bonuses he was...
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Goldman Sachs is hiring in an unlikely destination
When you think of Goldman Sachs employees, you might picture them working in global hubs like New York and London.You can now add Bangalore and Salt Lake to that list. The two cities now house the...
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Wall Street banks are bullish on oil despite the jump in Saudi Arabia's output
Oil prices have given up some of the gains achieved since the OPEC deal was agreed to in late November, and confidence in the buoyancy of crude prices is starting to falter. There are plenty of reasons...
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Here's what 9 Wall Street gurus think about the Fed's rate hike
The Federal Reserve hiked interest rates on Wednesday, raising its target federal funds rate by 25 basis points to a range of 0.75% to 1.0%.The rate hike is seen as a vote of confidence in the US...
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The head of HR at a top investment bank explains the importance of soft...
The ongoing digitization of the financial services industry has increased the demand for workers with hard technical skills on Wall Street.But Liz Lieberman doesn't think this spike in demand for tech...
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A new breed of trader is threatening the Wall Street establishment
More and more trading is conducted on electronic platforms, handing an opportunity to new, tech-savvy playersThese "non-bank liquidity providers" account for 15% to 35% of volumes in spot foreign...
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The Chinese billionaire behind Alibaba is being drawn into a bidding war over...
Traders are betting that Chinese billionaire Jack Ma is about to get drawn into a bidding war as he seeks to build a global payments empire. Ma's Ant Financial, the financial services company spun out...
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The US head at one of the top trading firms in the world says he's cracked a...
How do you do more with less?It's a question just about every business head on Wall Street has had to ask themselves over the last five years. A tough trading environment for fixed income, currencies...
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