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Warren Buffett Cranks Up The Price Limit For Buying Back Berkshire Stock...
Shares of Berkshire Hathaway were halted for news pending, CNBC reported. The news is Berkshire has purchased 9,200 of its Class A at $131,000 per share from the estate of a long-time shareholder, the...
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Deutsche Bank Co-CEO And CFO Under Investigation In Tax Probe
This just in from the Associated Press's Twitter account: Bloomberg News reported earlier that Deutsche Bank's Frankfurt headquarters were raided today by authorities as part of a two-year-old tax...
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REPORT: UBS Faces Fines Of More Than $1 Billion In Libor Manipulation Probe...
This just breaking according to Bloomberg...."UBS SAID TO FACE FINES OF MORE THAN $1 BILLION IN LIBOR PROBES"The Swiss banking giant could face fines from the CFTC, U.K.'s FSA and the Department of...
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That IS Lloyd Blankfein Laughing Like Crazy
Earlier we asked if that was really Goldman Sachs CEO Lloyd Blankfein laughing like crazy at Adam Sandler's rendition of "Hallelujah" during last night's 12/12/12 benefit concert.Here's the GIF it was...
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REPORT: Barclays Could Ax As Many As 2,000 I-Banking Jobs As Part Of Its...
The Wall Street Journal's David Enrich and Dana Cimilluca report that Barclays is considering axing up to 2,000 investment banking jobs as part of its restructuring effort known as "Project Mango."From...
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Guy Fieri's Infamous Times Square Restaurant Is A Perfect Place For Wall...
We've heard a range of opinions about Guy Fieri's new Times Square restaurant, Guy's American Kitchen and Bar, from The New York Times' brutal takedown to Bloomberg host Tom Keene's defense of the...
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UBS Is Nearing A Deal With Authorities Over LIBOR, And Wall Street Hasn't...
The most salient criticism for the way maleficence at banks is handled — from the financial crisis to money laundering at HSBC— it's that bank's never face criminal charges.The New York Times reports...
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For Aspiring Wall Streeters, 'Tis The Season Of Disappointment — Here's How...
You walk out of your superday feeling pretty good about your performance. You start recounting all of the questions you were asked and your amazing responses to said questions. “I nailed this one”, you...
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13 People To Avoid At Your Wall Street Holiday Party
It's holiday office party season!That being said, you really don't want to mess up this year, especially right ahead of bonus season.At Clusterstock we're here to help you get through the night without...
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A Bunch Of Olympians Just Finished Internships In Goldman Sachs' Securities...
A team of elite athletes, including Olympic medal winners, have completed a four-week internship at Goldman Sachs as part of a scheme to help sportsmen and women secure second careers.Six athletes,...
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An Ex-Moody's Analyst Explains How The Entire Ratings System Was Broken By 2006
William J Harringtonwasa senior analyst at the rating agency Moody'sbetween 1999 and 2010 in New York. Since then he has been campaigning for reform and drawing attention to ongoing problems with...
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16 Holiday Gifts That Wall Streeters Will Totally Love
It hasn't exactly been the best year on Wall Street, we've seen our fair share of screw ups and scandals.Still, not everyone on the Street has been naughty this year, so they deserve something other...
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MEREDITH WHITNEY: Bankers Are In For A 'Much Ruder Awakening' When It Comes...
Bad news, bankers.Bank analyst Meredith Whitney warned that 2013 will be a "much ruder awakening" when it comes to total bank compensation, she said during CNBC's "Closing Bell" with Maria Bartiromo....
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Morgan Stanley Did Not Forgive Banker Accused Of Stabbing Cab Driver Even...
Although the charges were dropped against William Bryan Jennings, the Morgan Stanley managing director accused of stabbing a taxi driver, the bank did not forgive him, The Wall Street Journal's Aaron...
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KEN LANGONE: High Frequency Trading Has No Effect On Long-Term Investors
Billionaire financier Ken Langone, the former director of the NYSE and financial backer of the Home Depot, co-hosted CNBC's "Closing Bell" with Maria Bartiromo yesterday. During the hour-long guest...
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Morgan Stanley Allegedly Used This Weird Trick To Dodge Rules On Facebook IPO
Morgan Stanley used a really strange method for allegedly trying to skirt the SEC's rules when it was handling the Facebook IPO.The bank is accused of providing revenue estimates to stock analysts that...
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Dick Bove Is Joining Rafferty Capital Markets After Rochdale's Bad Apple Trade
Dick Bove is leaving Rochdale Securities to join Rafferty Capital Markets in Garden City, New York, Bloomberg News reports. The 71-year-old bank analyst will lead Rafferty's research on financial...
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Chicago Wealth Manager Dies After Falling Onto Glass Coffee Table
This is terrible...Brian C. Baker, the founder of Chicago-based wealth-management and investment firm Vestor Capital, died after falling onto a glass coffee table in his home, Bloomberg News reports....
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Banks Spend Way More On Info Tech Than Any Other Business
"Measured as a percentage of revenues, financial services firms spend more on IT than any other industry," writes Deutsche Bank's Heike Mai.Here's a look:"The reasons for a higher use of IT in the...
View ArticleArt Cashin's Wall Street Version Of 'Twas The Night Before Christmas'
The legendary Art Cashin, UBS's director of floor operations at the NYSE and author of the must-read newsletter Cashin's Comments, wrote a poem to get the Street in the Christmas spirit.Here's Cashin:...
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