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9 Painfully Awkward Ways People Have Gotten In Trouble On Wall Street
There are some pretty obvious ways to get in trouble on Wall Street: screw up a huge project, upset an important client, stop showing up to work, losing a ton of money, etc. These are standard.But...
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HISTORY LESSON: How A Hungover Wall Streeter Invented Eggs Benedict
Here's something we just learned...In the Smithsonian Magazine's fascinating piece on the origin of popular hangover foods, the author writes that that Eggs Benedict was apparently invented by a...
View ArticleHow To Destroy The Stock Market In 8 Steps
Investor Marc Andreessen tweeted an eight-step plan on how to destroy the public stock market.According to Andreessen, increased regulation discourages companies from going public. He points out that...
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Michael Lewis Slams Banker On Facebook Who He Says Is Spreading A Rumor About...
Day one and already there's some drama.Today Michael Lewis released his new book, "Flash Boys: A Wall Street Revolt." It's about a group of guys from the Royal Bank of Canada who figured out that...
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23 Ways Traders Used To Mess With Each Other On Wall Street
It's April Fools' Day and you can expect that some pranks and jokes might be pulled on Wall Street.But the pranks are nothing like they used to be.If you ever get the chance to speak to a veteran floor...
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CEOs Of Stock Exchanges Brawl On CNBC As NYSE Floor Traders Go Crazy
Two CEOs of exchanges got in a nasty brawl on CNBC's "Power Lunch" over high-frequency trading. William "Bill" O'Brien, the CEO of BATS, slammed Brad Katsuyama, the CEO and president of IEX, and author...
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Gasparino Shreds Michael Lewis, Says He's A 'Lefty' And 'Completely And...
Fox Business Network's senior correspondent, Charlie Gasparino, shredded author Michael Lewis in an op-ed in the New York Post. This week Lewis released his newest book, "Flash Boys," which claims the...
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Dark Markets May Be A Bigger Threat To Investors Than High-Frequency Trading
NEW YORK (Reuters) - Fears that high-speed traders have been rigging the U.S. stock market went mainstream last week thanks to allegations in a book by financial author Michael Lewis, but there may be...
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A Former Bank CEO, His Wife, And Daughter Were Found Dead Inside Their Family...
A former top Dutch bank CEO and his wife and daughter were found dead this weekend, Bloomberg News reports.Jan Peter Schmittmann, 57, the former head of ABN Amro Group NV, and his wife and 22-year-old...
View ArticleWall Street CEO: Here's What Could End My 40-Year Career In A Day
Here's something you rarely hear from a Wall Street CEO:"I never intended to run a Wall Street firm. I don't think that's where my skill set is. ... I did it because that’s what the situation called...
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Former Bank CEO Killed His Wife And Daughter Before Committing Suicide,...
A former top Dutch bank CEO, his wife, and their 22-year-old daughter were found dead this weekend inside their family home located in Laren in The Netherlands. According to a newly released police...
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Brokerages Make Millions Selling Orders To High Frequency Trading Firms
In his book 'Flash Boys', Michael Lewis attempts to answer the question — what happens to my trade once I hit 'execute' now that high frequency trading firms are in the market?'Here's one answer — your...
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Fund Manager Allegedly Killed Bank CEO In Firm's Parking Garage
On Monday morning a Liechtenstein-based bank CEO was shot dead as he was heading into the office, according to statements from the firm and police via Bloomberg News.Jürgen Frick, the CEO of Bank Frick...
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The CME Had A Glitch Yesterday And Traders Had To Yell Like In The Old Days —...
Things were old-school yesterday in the trading pits in Chicago.All corn and wheat futures and options halted on Globex were settled via the open outcry method following a technical glitch, the CME...
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This Is How Much The Average Person Can Make Working For A Hedge Fund
Last August SumZero, a social research site for investment professionals, launched a new feature dedicated to compensation trends within our buyside-only investment community. We (SumZero) have since...
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Jamie Dimon Got Paid $20 Million Last Year
JPMorgan Chase CEO Jamie Dimon received a total of $20 million in compensation for 2013, the bank said in its proxy filed with the Securities and Exchange Commission. That breaks down to a $1.5 million...
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JPMORGAN MISSES
JPMorgan Chase missed on its first quarter earnings. The bank reported EPS of $1.28 for the first quarter compared with $1.59 in the first quarter of 2013.First quarter revenue came in at $23.9...
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Meet The 35-Year-Old Financier Who Holds The Guinness World Record For...
At just 35, financier Dovi Frances holds the Guinness World Record for selling the most expensive single life insurance policy in history.Frances, who runs SG, LLC, in Santa Barbara, Calif., helped put...
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The Amazing Life And Career Of Wall Street's Favorite Writer, Michael Lewis
This month, Michael Lewis retook Wall Street by storm with "Flash Boys," his new book about a group of traders who banded together to understand the damage that high-frequency trading (HFT) was doing...
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Regulators Have Found Even More Fraud At Citigroup's Mexican Subsidiary
MEXICO CITY (Reuters) - Citigroup and Mexico's bank regulator on Monday said they uncovered a second fraud at Citi's local unit Banamex, as part of a wider investigation following the discovery in...
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