REPORT: Mary Schapiro About To Announce Departure From SEC
Mary Schapiro will step down from her post as Chair of the SEC, Dealbook reports.Schapiro, who has headed the regulator since the financial crisis, informed the Treasury and the Obama Administration...
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Going From I-Banking To A Hedge Fund? Here's How To Score Your First Interview
With headhunters likely beginning to reach out in December/January, I thought I'd put out a series of posts on making the transition from IB to HF. This one talks about getting that first interview.If...
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A Look Inside Your Typical Wall Street Holiday Party
Your MD is standing on top of a table downing shots of whiskey.Meanwhile, your assistant is pole-dancing in front of everyone as the associate you’ve been thinking about murdering the entire year...
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The CFA Exam Is This Weekend — Here's What You Need To Take With You
The Dec Level I CFA candidates take the exam this weekend. Knowing & preparing what you're going to bring can make a lot of difference in your exam - taking the exam when you know you're running...
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Something Odd Happened To Wall Street Salaries After 1987
A new study shows something bizarre happened to financial sector salaries after 1987: they began skyrocketing.Writing in the Quarterly Journal of Economics, professors Thomas Philippon and Ariell...
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The Amazing Life Of Sallie Krawcheck, The Former Banker Who Has Everyone...
Everyone on Wall Street is buzzing about Sallie Krawcheck.It's been over a year since Krawcheck, the former head of global wealth management at Bank of America, left the North Carolina-based bank. Now,...
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How To Land The Leap Between Wall Street And Harvard Business School
This is a guest post from Roger (HBS, 2010) and Jennifer Chen (MIT Sloan, 2010). Roger and Jennifer are authors of “The HBS Blueprint: A Proprietary Step-by-Step Action Plan,” which teaches you how to...
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Young Wall Streeters Are Tearing Their Hair Out Over Social Media Controls At...
The research firm Gartner Inc. found that worldwide, the number of global organizations that restrict access to social media is going down by 10 percent every year.However, Wall Street’s largest...
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Things Investment Bankers Hate
I’ve noticed a disturbing trend lately: many readers have the wrong idea of what will help them with investment banking recruiting.Thinking that they need to do “something” at the last minute to boost...
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The Very Serious Danger Of 'Hitting Reply All' On Wall Street
We've all been there before.An Analyst buddy sends a group-wide email. Something about a relevant deal and he wants to be sure that all the MDs know about it. Not to mention, it's almost bonus time and...
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Justin Bieber Must Think JPMorgan Is Just A Guy Who Really Loves To Play...
The New York Post's Page Six reports that Justin Bieber was playing ping-pong in a private room at Susanne Sarandon's SPiN last week. The pop star and his crew were told that they'd have to leave at...
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CITIGROUP CUTTING OVER 11,000 JOBS (C)
Citigroup is going to cut 11,000 jobs, the bank said in a release.As a result of the job cuts, the bank expects to take a fourth-quarter pre-tax charge of $1 billion and $100 million in related charges...
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Citigroup's Press Release About Cutting 11,000 Jobs Gets A Gold Medal For...
Citigroup, the third biggest U.S. bank, said in a press release today that it's axing more than 11,000 jobs and expects to take a $1 billion pre-tax charge in the fourth quarter. Of course, the bank...
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Marc Lasry Explains Why Wall Street And Washington Will Never Understand Each...
Over the past few weeks, the heads of Wall Street and Corporate America have been going to Washington to advise on fiscal cliff talks.But the talks draw on, with Republicans and Democrats muddling...
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It's Official: The JP Morgan Bonus Pool Is Going To Take A Hit
This is the second bit of compensation news we've gotten today, and it's not good for JP Morgan bankers.Bloomberg reports that JP Morgan's bonus pool for corporate and investment bankers will drop as...
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Legendary Financier Saul Steinberg Has Died
This just breaking over the Bloomberg, legendary businessman Saul Steinberg has died.Steinberg is best known for using his computer leasing company, Leasco, to take over the much larger Reliance...
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The Weird Moment When You're Drinking With Your Managing Director
This article has been edited for foul language.So last weekend, I decided to get drunk because I had a rough week. The typical…lack of sleep, lack of social life, and lack of sex. I wanted to have fun...
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A Former Goldman Heavy-Hitter Rediscovered His 20s After Finding Gorgeous...
A few years after leaving Wall Street, Scott Mead, a former top Goldman Sachs investment banker, made a remarkable discovery while moving some boxes from his attic.Or rediscovery, that is. Mead, who is...
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There's A Red Mercedes With A Big Red Bow Parked Outside Credit Suisse Right Now
This shiny, new Mercedes with a big red bow is parked outside Credit Suisse's New York offices right now near Madison Square Park.Some of the bank's employees who were coming out of the building...
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SEC Asked JP Morgan For Information About Their Proprietary Trades For Months...
Dec. 12 (Bloomberg) -- JPMorgan Chase & Co. was pressed by U.S. regulators to strengthen investor disclosures on proprietary trading almost a year before a wrong-way bet on credit derivatives cost...
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