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Why there's no such thing as a merger of equals
Deal announcements and closures dominate M&A headlines but rarely do we read about what happens in between and after. That is where the heavy lifting is, and it can dictate the deal’s success....
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MORGAN STANLEY: There's one company pulling ahead in blockchain tech
Major Wall Street banks have been investing in blockchain technology for years now, but few products have yet to actually reach the market. That's because we're still in a "proof of concept" phase,...
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BANK OF AMERICA: We've reached 'peak car'
Disruption is Silicon Valley's favorite buzzword. And while the forces of innovation and technology are hard to quantify, that's not stopping Bank of America Merrill Lynch from trying. The...
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Steve Cohen's vindicated trader has raised at least $25 million for a fintech...
Michael Steinberg, a former top trader at billionaire Steve Cohen's hedge fund, then known as SAC Capital Advisors, has raised at least $25 million for his newly-formed fintech venture fund, Reciprocal...
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Japanese bank Nomura is planning to take on Wall Street
HONG KONG/TOKYO (Reuters) - Under pressure in Japan from Wall Street rivals and anticipating more deals in the United States or by American companies overseas, Nomura Holdings is boosting its U.S....
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GOLDMAN SACHS: The death of malls will fuel 'degentrification'
As nationwide chains gobbled up retail space across the country, they did so at the expense of smaller mom-and-pop shops. But now, as the brick-and-mortar chains die a slow and painful death, small...
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Chinese stocks just landed on a symbolic stepping stone
NEW YORK (Reuters) - U.S. index provider MSCI Inc said on Tuesday it will add domestic Chinese equities to its global emerging markets benchmark index.MSCI decided not to add Argentina to the index and...
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Morgan Stanley addressed its interns' most pressing career questions, and...
Intern season is underway.Across Wall Street, interns are trying to adjust to the demanding and fast-paced work environment of finance.If you're one of those Wall Street interns, then you've probably...
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Wall Street has been brutally wrong when it comes to making one of its most...
Wall Street strategists have been brutally wrong when it comes to making predictions for the 10-year yield, one of the most economically important interest rate benchmarks — used to set the rates on...
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The Wall Street dad bro is having an existential crisis
It's most likely escaped your attention, but the Wall Street dad bro is having an existential crisis.You'll see it at conferences in between bites of muffins, and it's on financial TV for as long as...
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Here's what you can expect to happen on Wall Street this week
Yes folks, we're almost halfway through the year. Just five trading days this week and we’ll close the books on the second quarter and the first half of 2017. The good news is next week is a short one...
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MORGAN STANLEY: GrubHub could get 'Amazoned'
A week after Amazon announced its deal to buy Whole Foods, analysts are beginning to brainstorm about how the “Amazon Effect” will disrupt other parts of the food industry, especially delivery.In a...
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A trading startup tackling a key problem in the world's most important market...
A new trading platform focused on hard-to-trade segments of one of the most important markets has raised $10 million from private investors.OpenDoor Securities will use the funds to improve its...
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The CEO of an investing startup taking in $12 million a day on the future of...
It took a year for the roboadviser Betterment to reach $10 million in assets under management.That day, in 2011, was a big one for founder Jon Stein, 37, who set up the company after working at First...
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Billionaire investor Carl Icahn is backing off his demands to break up a big...
Billionaire investor Carl Icahn is backing off his demand to break up insurance giant American International Group Inc, following the company's sale of assets and hiring of a new chief executive...
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A small Wall Street firm that's crushing it in dealmaking made another big...
Evercore Partners has hired Paul Stefanick, an eight-year veteran of Deutsche Bank, as senior managing director.Stefanick, 56, will work with a small team of senior advisors to bring on new clients for...
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Young Wall Streeters were surveyed about their experiences in finance — and...
Wall Street has cause for concern.That's according to a recent report out by Toigo Foundation and Russell Reynolds Associates, a New York-based employment consulting firm. The two firms surveyed 300...
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This is what young Wall Streeters want from their employers
For decades the only thing Wall Street firms had to do to attract top talent was offer the most competitive salaries and bonuses. But that may not be enough anymore. That's according to a recent report...
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JEFFERIES: Everyone is focusing on 5 things they can't control — they should...
Markets have been rocked in the past year by Brexit, a surprise result in the US presidential election, investigations into Russian campaign meddling and an increasingly bellicose North Korea.While...
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Wall Street is at war with traders over the future of bank stocks
One of the equity market's hottest industries isn't feeling the love from Wall Street.Bank stocks, which have surged an S&P 500-best 32% since the presidential election, are seeing a...
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