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This Is Where The Real Life 'Wolf Of Wall Street' Lives
The real-life "Wolf of Wall Street" Jordan Belfort — who is now a motivational speaker — resides in a luxurious oceanfront home in California. [via @BoydRoddy]Belfort's business, JB Global Holdings...
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New York Attorney General Endorses A Radical Change To The Way The World...
This morning, New York Attorney General Eric Schneiderman declared war on high-frequency traders, or HFTs, and what he called the "fundamentally unfair – and potentially illegal – situations that give...
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Goldman Sachs Elevator Has A New Book Deal
It didn't take long for John LeFevre — the man behind the satirical Twitter feed, Goldman Sachs Elevator — to get a new deal after Simon and Schuster dumped him.Earlier this month, LeFevre lost his...
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Rogue Trader Jerome Kerviel Loses His Appeal, Faces Prison Time And Huge Fine
A French court rejected the appeal of ex-SocGen's "rogue trader" Jerome Kerviel, Bloomberg News reports.Kerviel, 37, is currently on a backpacking trek from Rome to Paris. In 2008, it was revealed that...
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The Watches Wall Street's CEOs Wear
Masters of the Universe aren't known for having anything resembling a jewelry collection except for one item — a watch. They're collectible, gorgeous and at times incredibly expensive pieces that can...
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Nobody Knows What Will Happen To One Of The Most Powerful Women On Wall Street
JP Morgan will sell its commodities unit to commodities trading firm Mercuria. As yet we don't know for how much, and we don't know exactly when the deal will be finished (though it's said to be...
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SEC Alleges Insider Trading Scheme That Involved Swallowing Post-it Notes
A stockbroker and a clerk from a top corporate law firm were charged with insider trading in a scheme that involved a middleman swallowing illicit tips that were written on Post-it notes, the...
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We Went To The Famous 'Power Breakfast' Where Wall Street's Big Shots Spend A...
In the 1970s, New York City was on the decline. Crime was up, graffiti was everywhere, and the city was broke.To figure out how to solve these problems, then Loews Corporation CEO Bob Tisch invited...
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Goldman Sachs Just Threw Stock Exchanges Under The Bus
This morning Gary Cohn, COO of Goldman Sachs, fired a warning shot at stock exchanges.In an op-ed about high frequency trading, Cohn wrote that the entire business model of exchanges like the New York...
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The Ex-Deutsche Bank Exec Who Committed Suicide In January Was 'Very Anxious'...
LONDON (Reuters) - A retired Deutsche Bank <DBKGn.DE> executive, William Broeksmit, killed himself after leaving several suicide notes for family and friends, an inquest in London ruled on...
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A Potential Successor To Jamie Dimon Has Left JPMorgan
Michael "Mike" Cavanagh, who was seen as a potential successor to Jamie Dimon, is leaving JPMorgan Chase for private equity giant Carlyle Group, the bank said in a press release.Cavanagh, 48, was the...
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THE FED: The 'Too Big To Fail' Subsidy For Big Banks Is Real
NEW YORK (Reuters) - A landmark study by Federal Reserve economists found that large U.S. banks enjoy a "too-big-to-fail" advantage in financial markets, confirming the suspicions of many Wall Street...
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The Golf Courses Where Wall Streeters Love To Play
The weather might feel miserable right now, but it's spring and that means the fairways will begin to turn green and golf season will be start.Golf is one of the favorite hobbies of the Wall Street...
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A New Platform Lets Wall Streeters Share Their Predictions For When Companies...
NYC startup Estimize.com is already popular for crowd sourcing data from Wall Streeters about individual stocks will do.Now the company is applying the same, successful logic predict mergers and...
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Former Bank Of America CEO Barred From Holding An Executive Position At A...
NEW YORK (Reuters) - Kenneth Lewis, who turned Bank of America Corp into the nation's largest bank but also saddled it with enormous losses tied to mortgages, has settled a lawsuit accusing him of...
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Bank Of America To Pay $9.3 Billion Settlement Over Mortgage-Backed...
The Federal Housing Finance Agency has reached a $9.3 billion settlement related to mortgage-backed securities with Bank of America, Countrywide Financial, and Merrill Lynch, the housing regulatory...
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Apparently There's A 'Goldilocks' Hedge Fund Size
Apparently hedge funds of a certain size are best at getting the market 'juuuuust right.'Hedge funds with assets under management of $100-499 million and $500-999 million beat their bigger brethren in...
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JPMorgan Has Reportedly Dropped The Sigma Alpha Epsilon Frat As A Client
JPMorgan Chase has blackballed the Sigma Alpha Epsilon (SAE) fraternity as a client.Bloomberg News' John Hechinger and David Glovin report that JPMorgan sent a letter on March 7 saying that it would...
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TRADER: While Everyone's Down On Citi, Here's Why I'm Selling Bank Of America
It looks to me like the right thing to be doing right now in shares of Bank of America is to be selling. There are four charts that I’m looking at that all say the same thing: Sell Bank of America!The...
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Mike Mayo's List Of 10 Demands For Citigroup (C)
Since Citi failed its Federal Reserve mandated Doomsday stress test this week, no one person on Wall Street has been more vocal about getting answers than CLSA analyst Mike Mayo.Mayo has a history of...
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