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A Wall Street Invention That Almost Blew Up The World Five Years Ago Is...
Going the way of scrunchies and jerry curls, credit default swaps (CDS) are falling out of fashion on Wall Street, reports Bloomberg's Mary Childs.Outstanding CDS has been cut in about half in the time...
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A Wall Street Guide To NYC Steakhouses
This weekend, out-of-towners will pour into New York City for the Super Bowl, and they'll all be looking to eat a celebratory meal.Or a meal that will make them feel better after a crushing...
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SEC Says Professors Engaged In Naked Short Selling Scheme
The Securities and Exchange Commission has charged a pair Florida State University professors with carrying out an "abusive" naked short selling scheme, according to a release and an SEC order.Gonul...
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45 Of The Best Football Players On Wall Street
The Super Bowl is this weekend so we thought we'd highlight some of the biggest football players on Wall Street. Anyone who plays football professionally knows that they won't be able to play forever....
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17-Year Professional Sports Gambler 'Teddy Covers' Tells Us How He's Betting...
Aside from the World Cup in Brazil, the Super Bowl will be the biggest sports betting event this year.According to professional sports bettors, there will be billions being wagered globally. What's...
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Betting On Professional Sports Is An Awful Lot Like Trading On Wall Street
Many Wall Streeters love to dabble in sports betting. And you can bet that many of them are wagering on this year's Super Bowl. The Super Bowl is one of the biggest sports betting events in the world...
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The Justice Department Is Investigating A Bunch More Wall Street Firms Over...
The Justice Department is looking into a number of Wall Street banks' relationships with Libya after the country's sovereign wealth fund announced that it was suing Goldman Sachs last week, says the...
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It's Become Clear Exactly What Wall Street's Enemies In The Senate Want Janet...
Senators known for going after Wall Street got very specific about what they want from prospective Federal Reserve Chair Janet Yellen at a Senate banking hearing on Monday morning.The hearing was held...
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We Went To An Exclusive Event For The Programmers Behind Wall Street's Top...
A couple years ago, Chris Bartlett— a partner at buyside quant shop/high frequency firm Nobilis Capital—started hosting parties to bring the quant community together. These semi-annual parties are...
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Tim Geithner's Brother Was Laid Off From TIME Today
Former Treasury Secretary Tim Geithner's younger brother David was laid off in a round of cuts at TIME Inc, the New York Post reports. From the New York Post: Gone in the cutbacks are David Geithner,...
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Watch This CEO Make Jay-Z Go Wild On Stage As He Sings Frank Sinatra's 'New...
David Weinreb, CEO of The Howard Hughes Corporation, was pulled on stage at Jay-Z and Beyonce's Super Bowl after-party to sing. Weinreb, 48, spontaneously performed Frank Sinatra's "New York, New...
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Real Estate Billionaire Defends Venture Capitalist Who Compared Critics Of...
Real-estate billionaire Sam Zell, the co-founder of Equity Group Investments, defended Tom Perkins' letter and comments this morning on Bloomberg TV in an interview with Betty Liu. Last month,...
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22 Phrases That Only Wall Streeters Will Understand
Wall Streeters, like any other group of people, have their own language based on what they do and see every day.That means it's a language based on money. Wall Streeters go "long" or "short" on...
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Here's Preet Bharara's Amazing 79-0 Insider Trading Conviction Score Card
U.S. Attorney Preet Bharara has a perfect track record in insider trading convictions since the government's massive crackdown began in the fall of 2009. Today, Bharara, also known as "The Sheriff Of...
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The Wall Streeter's Guide To Not Completely Ruining Valentine's Day ... Again
It isn't that bankers are particularly insensitive people. It's just that they're very busy — and the way they see it, it's only Valentine's Day obviously, so their date will get over it,...
View ArticleThe Unofficial Goldman Sachs Guide To Surviving Valentine's Day
I won’t lie. I love Valentine’s Day. It’s not because I am some hopeless romantic or benevolent lover who finds pleasure in making other people happy. In fact, the day itself can be pretty tedious, and...
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Power Brokers Think This Morgan Stanley Exec May Be 'The Most Eligible Banker...
NEW YORK (Reuters) - Wall Street power brokers are betting that Greg Fleming will be chief executive of a major U.S. company one day, but no one is quite sure of which one or when.Fleming, the head of...
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Two Of The Most Powerful Women On Wall Street Could Soon Be Out Of A Job
In case you haven't noticed, two of the most powerful women on Wall Street working on two different sides of the Atlantic could soon be out of a job.The two women are JP Morgan's Blythe Masters, the...
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High-Frequency Traders Are Upgrading To Lasers
High-frequency trading. Is it a nuisance hell-bent on squeezing as much profit as possible while adding no value to society writ large? Or does it provide markets with unprecedented liquidity, acting...
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On Wall Street, Getting Laid Off Can Be The Best Thing For Your Career
Being laid off was the best thing to happen to my career.Some time ago, I started a series of personal tales around the time I was laid-off from my finance role. I wanted to convey, in words, why I...
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