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Nazis, Princesses, And Billion-Dollar Deals — Here's What You Should Know...
Since former Treasury Secretary Tim Geithner is headed to private equity firm Warburg Pincus, it's time to take a little dive into the firm's history and what it's been up to.Awesomely, this story will...
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How To Avoid Deadly CFA Exam Study Burnout
All CFA candidates know it. Others may not understand, but we do - the CFA exams are hardcore. And study burnout is a reality in the CFA program. Burnout happens when you simply do not have a drive to...
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IT'S OFFICIAL: JPMorgan Will Pay A $13 Billion Mortgage Settlement
The mammoth $13 billion settlement between JPMorgan Chase and the government over mortgages is official. Of that settlement, $4 billion of it will go to consumer relief, the press release states.Here's...
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Meet The Financial Services Vet Who Did 30 Ironman Triathlons In 30 Days
This is seriously one of the most insane and badass accomplishments we've ever heard. Wayne P. Kurtz, a financial services industry veteran and endurance athlete, recently finished the Triple DECA...
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REPORT: A Really Bad Currency Trade Totally Ruined Goldman's Quarter
The Wall Street Journal's Justin Baer reports that a "complex bet in the foreign-exchange market backfired" for Goldman.Specifically, the forex desk bet incorrectly on the value of the dollar versus...
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A Student Called Wells Fargo Bankers 'Boners' In An Email — And It Got Back...
Kids, this is why you shouldn't slam anyone over e-mail.A college student bashed Wells Fargo bankers calling them "doofuses" and "boners" in an email sent to some "bros" at Bank of America Merrill...
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CFA EXAM HORROR STORY: A Guy Dropped His Calculator Into A Urinal And Then...
Level I of the Chartered Financial Analyst (CFA) exam is being administered on December 7. Unfortunately, that means that a bunch of young Wall Streeters will be cramming for the test over their...
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A Former Bernie Madoff Partner Just Sold His Amagansett Beachfront Home For...
The New York Post's Jennifer Gould Keil reports that former Bernie Madoff partner/neighbor Maurice "Sonny" Cohn has sold his Amagansett beachfront home for $11 million. The home was listed by Elliman...
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What Jim Chanos, David Einhorn, Scott Wapner And More Can't Wait To Eat On...
Today we'll put aside the hedge fund battles, the controversial calls, and the wrangling with Washington and give thanks for what really matters — family, football, and most crucial for our purposes...
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18 Horror Stories About The Killer Exam That Wall Streeters Will Be Taking...
Level I of the Chartered Financial Analyst (CFA) exam will be administered next weekend. Test-takers were probably spent their Thanksgiving holiday studying.The CFA curriculum, which consists of three...
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The Way Bernie Madoff Faked Trades Sounds Almost Too Simple To Be Believed
Frank DiPascali joined Bernie Madoff's firm in 1975 when he was 19 years-old. He eventually became the firm's finance chief.Yesterday in Court, he described what it took to pull off a Ponzi scheme that...
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Here's The Real Reason CFA Test-Takers Need To Master The Ethics Section Of...
The Level I of the Chartered Financial Analyst (CFA) exam is being administered this Saturday and test-takers are probably freaking out this week. The CFA curriculum, which consists of three levels,...
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ELIZABETH WARREN TO WALL STREET CEOS: Come Clean About The Think Tanks You're...
Yesterday Senator Elizabeth Warren (D-MA) sent a letter to every major Wall Street CEO, urging them to disclose their financial contributions to Washington think tanks in an "effort to indirectly...
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Here Are Some Racy Emails Between Citi's Top Economist And The Former NYU...
Dutch economist Heleen Mees was arrested back in July for allegedly stalking and harassing Citigroup's chief economist Willem Buiter.Mees, a former NYU economics professor, has been accused of sending...
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GOLDMAN RECRUITER: Here's How To Crush Your Interview For A Strategist Position
Goldman Sachs recruiter Leighton Symons explains how to prepare for an interview for a strategist (a.k.a. "strat") position on the investment bank's Careers Blog. A strat, which is similar to a quant,...
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The Hidden Costs Of Working On Wall Street
Yes, you make a lot of money when you work on Wall Street, but you're going to have to spend a lot of money to stay there.To go to work every day you'll need to look the part — the suit, the shoes,...
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Starting A Hedge Fund Is Getting Next To Impossible
The days of calling your rich relatives to raise $3 million to start a hedge fund a la Dan Loeb are over.Citi just released a 45-page report on the hedge fund industry in the United States (where...
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Regulators Approved A Tougher Version Of The Volcker Rule That Hits Wall...
A new version of the Volcker Rule — which is more of list of rules on Wall Street trading — was just approved, and it's going to hit bankers where it hurts most: their wallets.Traditionally on Wall...
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In English — Why The Volcker Rule Might Actually Change Wall Street
Today, the Volcker Rule is officially the law of the land, and it could actually change Wall Street where it matters — its culture.Since the end of the financial crisis, regulators have been devising a...
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Wall Street Hotshots Are Snapping Up Spots In This Gorgeous $1 Billion Miami...
Lloyd Blankfein and private equity tycoon Leon Black are among those said to have purchased a spot in a new $1 billion Miami luxury condominium development, Bloomberg Businessweek's Katya Kazakina...
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