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Why Wall Street Bankers Commit Suicide
Perhaps it would be rash to call it a spate or a trend, but in the past six months a number of financial professionals from the United States to London to Hong Kong have committed suicide.So it's time...
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We Could Be On The Verge Of Changing Of The Guard In The Hedge Fund Industry
Whether you know it or not, right now Wall Street is in the midst of a hedge fund data dump, as everyone from banks to research firms release their 2013 reports on the industry.For the most part,...
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One Of Wall Street's Favorite Hangouts Just Got A Sexy New Restaurant
One of the beautiful things about New York City is that hotels aren't just hotels, they're adult playgrounds.And like playgrounds they've got jungle gyms (world-famous clubs) and hot dog stands (killer...
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Carl Icahn Shreds The Ebay Board, And Demands That Ebay And PayPal Split (EBAY)
Billionaire activist investor Carl Icahn just released a new open shareholder letter regarding eBay. Icahn, a major shareholder in eBay, slams the company for its corporate governance. "We have found...
View ArticleThree Traits Every Young Wall Streeter Should Have Before They're 30
Jeffrey Solomon, CEO of Cowen and Company, a New York City-based investment bank, moved to the city to eventually be an actor, but after a few years in banking he was hooked on Wall Street.In a recent...
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Here's A Photo Of The Guy Behind Goldman Sachs Elevator
Last night Andrew Ross Sorkin revealed the true identity of the man behind the meme, Goldman Sachs Elevator.He's a 34-year-old former bond executive named John Lefevre who lives in Texas, and he never...
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Two Powerful Slides From JPMorgan Show How More And More Human Work Is Going...
It's JP Morgan's investor day and there's been a huge focus on cost cutting and creating a business that can deal with new regulation cutting into the firm's profit.JPM is confident that it can win in...
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Here Are The Businesses JP Morgan's Investment Bank Is Dumping To Stay On Top
To reduce costs and succeed in a new world of regulation, JP Morgan's going to focus on the businesses it's good at in all of its sectors — retail, corporate and investment banking.It's called...
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Bill Gross Calls Into CNBC To Respond To The Scathing WSJ Article
PIMCO's Bill Gross called into CNBC to react to an unflattering Wall Street Journal article about his personality clashes with Mohammed El-Erian. Last month, El-Erian, the co-CIO, unexpectedly...
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How Americans Spent $500 Billion At The Grocery Store Last Year
RBC Capital Markets analysts David Palmer and Christopher Carril highlighted the following slide in a recent equity research report. The diagram comes from General Mills' presentation at the Consumer...
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Wall Street Donors Ditched The Republican Behind The New Tax Reform Bill
How does a Republican dare to stand up to Wall Street and propose a tax bill that slaughters some if the industry's sacred cows?They stop getting Wall Street money.At least that's how it appears it...
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New York Mag Writer Still Thinks We Don't Know The Full Story Of Who's Behind...
This week, New York Times' columnist Andrew Sorkin exposed the identity of @GSElevator, the anonymous Twitter scribe who relays overheard conversations from inside the elevators at Goldman Sachs.But...
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13 Books That Wall Streeters Love And Think You Should Be Reading
Over 1,000 people from around Wall Street sent their top reads to Stifel Nicolaus's Dave Lutz for his annual Spring Break reading list.Here are the 13 books most frequently mentioned by those around...
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The New Plan To Impose An Extra Tax On Wall Street Hinges One One Big Question
Yesterday, Max Baucus (D-MT) and Dave Camp (R-MI) introduced a tax reform bill that would force a new asset tax on big Wall Street banks, and naturally Wall Street isn't having it.The summary of the...
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Two Former Bankers Are Solving The Problem That Makes Wall Streeters Fat
"When I was living on West 14th Street and taking the E train to Goldman Sachs it got so bad that a homeless man handing out papers in the train station would look at me and say, 'cheer up young man',"...
View ArticleWhy Wall Street Probably Isn't That Worried About The Proposal To Tax It
At least one industry insider is throwing cold water on rumors Wall Street is threatening to cut off donations to the GOP as a result of a sweeping tax reform proposal released this week by Rep. Dave...
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Barclays Is Going To Ease Its Workload On Junior Bankers
Barclays moved to limit overworking its junior bankers in the U.S. Friday, echoing recent initiatives by Goldman Sachs, Bank of America and others to stem a sometimes brutal work culture for...
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Ex-SAC Trader Martoma Asks Judge To Toss His Insider Trading Conviction
NEW YORK (Reuters) - Former SAC Capital Advisors LP portfolio manager Mathew Martoma asked a U.S. judge to throw out his insider trading conviction, saying federal prosecutors did not prove he...
View ArticleAn Investment Management CEO Answers The Two Questions Every Young Wall...
If you're below the age of 30 on Wall Street then you've asked yourself one of the following two questions since the financial crisis turned banking on its head:1. Where should I work?2. Should I get...
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The Quiet Takeover That Keeps Stocks Moving Up No Matter What
You hear it all the time these days – “There is a relentless bid underneath this market just waiting to buy every single dip…” and you can’t really argue with the statement itself.The dips have become...
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