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Hedge Funds And Private Equity Firms Are Poaching Young Bankers Earlier This...
For many junior bankers slogging through 100-hour workweeks, pounding out spreadsheets till dawn only to dollop 5-Hour Energy in their morning yogurt, a job on the "buy side" is the light at the end of...
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RANKED: The Investment Banks Raking In The Most Fees On Wall Street
Deals like Facebook's acquisition of Whatsapp have investors feeling pretty optimistic about 2014's mergers and acquisitions market, and that means there are Wall Street banks about to rake in some...
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The Canary In The Coal Mine For Wall Street Trading Revenue Is Whimpering
Yesterday boutique investment bank Jefferies reported a 17% year over year decline in its fixed income trading revenue with net revenues of $280 million. That's down from $336.9 million a year...
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GOLDMAN SACHS ELEVATOR HAS LOST HIS BOOK DEAL
To everyone eagerly awaiting the Goldman Sachs Elevator book, "Straight to Hell: True Tales of Deviance and Excess in the World of Investment Banking," our sincerest apologies.Simon & Schuster has...
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Goldman Sachs Tweets A Brutal Response To The End Of The Goldman Sachs...
Today Simon and Schuster canceled its book deal with John LeFevre, the man behind the Goldman Sachs Elevator twitter meme.Goldman Sachs, in turn, used Lefevre's favorite means of communication to...
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A Hedge Fund Strategy That's Been Limping Along For Two Years Is Making A...
After every crisis, someone has to pick up the pieces. In the financial world, the cleanup crew often involves hedge funds and private equity firms that understand how to deal with distressed assets —...
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4 Things Normal People Can Do That Wall Street Can't
Let me tell you my two favorite stories of the financial crisis.One: According to Vanguard's Center for Retirement Research, just 3% of Vanguard customers actually cashed out of stocks during the...
View ArticleRANKED: The Investment Banks Raking In The Most Fees On Wall Street
Deals like Facebook's acquisition of Whatsapp have investors feeling pretty optimistic about 2014's mergers and acquisitions market, and that means there are Wall Street banks about to rake in some...
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Here's An Adorable Photo Of Charlie Gasparino At Age Five
We came across this adorable photo of Fox Business Network Senior Correspondent Charlie Gasparino that was taken when he was five years-old. The future Wall Street reporter, who was rocking some black...
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Kevin Roose's Book About Young Wall Streeters Has Been Optioned For A TV Show
Fox TV Studios has purchased the rights to Kevin Roose's new book "Young Money: Inside the Hidden World of Wall Street's Post Crash Recruits," a source familiar with the matter told Business...
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Dutch Economist Heleen Mees Wants To Subpoena Citi For Ex-Lover's Expense...
Dutch economist Heleen Mees is preparing to file a defamation suit in the Netherlands against Citigroup's chief economist Willem Buiter, new documents from her attorney show.Her attorney has also filed...
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PIMCO Trustee Blasts Bill Gross' $200 Million Salary That Could Be Used To...
A PIMCO trustee board member blasted billionaire bond guru Bill Gross for being overpaid. "You could hire 2,000 schoolteachers for that money. I don't know what Bill should be paid, but $200 million...
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Wall Street's Average Cash Bonus Jumped To $164,530 Last Year
The average cash bonus for New York-based financial services employees in 2013 was $164,530, according to an annual report released by the New York State Comptroller Thomas DiNapoli's office (via...
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Wall Street Banks Want To Shift More Staff Out Of Pricey Cities
Over the next decade, Wall Street banks will cut in half the proportion of support staff they have in pricey cities like New York and London and shift those workers to less expensive cities in the...
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An NYC-Based Trader Committed Suicide Tuesday Morning
A New York-based trader committed suicide by jumping in front of a train, the New York Post reports. The trader was 47-year-old Edmund "Eddie" Charles Reilly, the report said.He worked for...
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REPORT: Barclays Is Planning To Cut Thousands Of Investment Banking Jobs
The Financial Times is reporting that Barclays is planning cuts thousands of investment banking jobs. According to the FT, the cuts will come as part of an overhaul of the firm's investment bank.The FT...
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Jon Corzine's Son Has Died
Jeffrey "Jeff" Corzine, the son of former New Jersey Governor Jon Corzine who ran Goldman Sachs and later MF Global, has died, the New York Post reports. He was 31.The cause of death isn't known at...
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Former Citi CEO Sandy Weill Is Selling His Stunning Greenwich Estate For $14...
Former Citigroup chief executive Sandy Weill has listed his stunning Greenwich, Connecticut estate for $14 million, the Wall Street Journal reports.The 16,400-plus square-foot mansion sits on 6.3 acres...
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10 Sayings Only Bond Brokers Understand
We recently shared "22 Phrases Only Wall Streeters Will Understand", which was basically an encyclopedia of some of the classic and unusual slang terms used by finance folks. The thing about Wall...
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28-Year-Old Investment Banker Dies In Apparent Suicide
Another investment banker has died in an apparent suicide. The New York Post reports 28-year-old Kenneth Bellando died after apparently jumping from the roof of his six-story Upper East Side apartment...
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