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Wall Streeters Are Wearing Some Really Funky Socks On Fridays
There's a hot new fashion trend on Wall Street— bankers, hedge funders and private equity guys are rocking some really funky socks with their suits. But it's only on Fridays. It's a movement called...
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The Government Is About To Put JP Morgan Through The Wringer Like You've...
Around May, reports surfaced that Washington was growing tired of JP Morgan.The House of Dimon had grown unruly, said the New York Times, and regulators had warned the bank that it was in their...
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9 Surprising Things Legendary Trader Jesse Livermore Said About Timing
There are those who would convince you that it is somehow smart or in your best interest to be manically switching your investments around, back and forth, long and short, on a daily basis. To pay...
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JPMorgan And Goldman Sachs Are Playing Whack-A-Mole With Everyone Suing Them...
As if on cue, around the country individuals and companies have started filing lawsuits against JP Morgan and Goldman Sachs for allegedly delaying deliveries of aluminum stored in their metals...
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Why Two Unknown Traders Could Take The Heat For The JP Morgan 'London Whale'...
Neither Javier Martin-Artajo nor Julien Grout were the so-called "London Whale", yet they are the two former traders in the JP Morgan Chief Investment Office (CIO) that have been charged for various...
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GOP Congressman Says There's No Such Thing As Wall Street Crime
Rep. Tom McClintock just made some friends on Wall Street.Because financial misconduct is only criminal if a gun is involved, according to the California Republican.ThinkProgress dug up this video of...
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Two Hedge Funders And Their Wives Got Robbed Of Over $100,000 Worth Of...
The New York Post reports that there have been a series of jewelry thefts at 740 Park Avenue—the super luxurious NYC apartment building that's home to some of Wall Street's biggest heavy-hitters. From...
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Traders, Send Us Photos Of Your Trading Desks
We know that a bunch of our readers spend a lot of time in front of their monitors trading the markets. It's basically their second home, so they have to tailor to their needs and strategy.That's why...
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Ex-Bear Stearns CEO Jimmy Cayne Is Selling His Apartment For $14.95 Million
The Wall Street Journal reports that Jimmy Cayne, the former CEO of now-defunct investment bank Bear Stearns, is selling his Park Avenue apartment for $14.95 million. According to the Journal, Cayne...
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The Problem With JP Morgan's Hiring In China Isn't Who They Hire, It's Why...
This weekend reports surfaced that the SEC is investigating JPMorgan for hiring Chinese 'princelings' (the privileged children of ruling Communist Party leaders) in order to land business in the...
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19 College Frats With Big Name Wall Street Alumni
This week, fraternity rush is beginning at college campuses across the country. The reasons people join these groups might vary. Most people probably want to make more friends and have a full social...
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Hedge Funder Phil Falcone Throws His Lawyer Under The Bus
Hedge funder Phil Falcone sent the following statement to CNBC from his Hamptons home this afternoon following a deal with the SEC to pay an $18 million fine and accept a five-year ban from the...
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C'Mon People, This JPMorgan China Hiring Issue Is More Complicated Than...
It's easy to make blanket statements about hiring on Wall Street. In large part, the people that make it to high level positions in finance have all come from the same cities, the same schools, and...
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Financial Crisis-Era Derivatives Are Making A Comeback
Collateralized debt obligations, the complex financial instruments that cratered disastrously in the financial crisis, are back.The market for the instruments, which were based on subprime mortgages,...
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MICHAEL BLOOMBERG: If You Want To Be Successful, Stop Going To The Bathroom
NYC Mayor Michael Bloomberg, the billionaire founder of media giant Bloomberg LP, said on his radio show that people who want to be successful shouldn't go the bathroom a lot. From Politicker: [via...
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23 Ways Your Wall Street Job Will Ruin Your Life
If you're considering going to Wall Street, you should really know what you're getting into.Yes, you will get paid better than average people all over the world. Yes, you will get to learn new things...
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Muriel Siebert, 'The First Woman Of Finance,' Has Died
First woman member of the New York Stock Exchange, Muriel Siebert dies at 80NEW YORK (AP) — Muriel "Mickie" Siebert, the first woman to become a member of the New York Stock Exchange, has died of...
View ArticleTwo Skills That Will Always Get You Paid Handsomely On Wall Street
Sure, Wall Street's changed dramatically over the last few years, but according to Alan Breed — the CEO of leading asset manager Edgewood Management — there are still two surefire ways you can get paid...
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Bank CEO Admits To Using Bailout Money To Buy A Luxury Condo In Florida
Darryl Layne Woods, the former CEO of a Missouri bank, admitted in court yesterday to using financial crisis bailout funds to purchase a luxury waterfront condo in Florida, Dealbook's Peter Lattman...
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Here's A Rundown Of All Of JPMorgan's Mounting Legal Headaches
JPMorgan Chase is currently facing a slew of problems from the London Whale trading loss to subprime mortgage lawsuits from the financial crisis. Once the darling of Washington, D.C., the bank has now...
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