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Morgan Stanley's Junior Bankers Are About To Get A Solid Raise
Morgan Stanley plans to raise junior banker salaries by 25%, according to Bloomberg.This move shouldn't be that surprising. Wall Street banks have been implementing a variety of strategies — including...
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CFA Exam Results Are Out And Most People Are Finding Out They Failed
Many young Wall Streeters were freaking out Tuesday morning because the CFA (Chartered Financial Analyst) Level I and II results were coming out. The CFA Institute said they would send the results at 9...
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5 Tips For Getting A Wall Street Internship If You Didn't Go To A Top School
Getting an internship with a large Wall Street firm is notoriously difficult.This year, Morgan Stanley accepted only 1.1% of applicants for its summer internship program. Similarly, Goldman Sachs only...
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Goldman Sachs Is Granting A Teen Cancer Patient's Wish To Be An Investment...
Goldman Sachs is helping a California teenager battling cancer live out his dream of being an investment banker.Last December, Terry "Tre" Grinner, 17, was diagnosed with Hodgkin's Lymphoma.His mom...
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The 'Too Big To Fail' Argument Took A Big Hit Today
For years, politicians and activist have been saying that the country's biggest banks are still 'too big to fail', in part because they get a funding advantage from the government.Today, the Government...
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This Former Trader Quit J.P. Morgan To Try To Fix The Way Wall Street Hires...
The Wall Street hiring process, traditionally geared toward connections, elitism, and inherent biases, is far from perfect.For Alexey Loganchuk, a former trader at J.P. Morgan, the biggest problem was...
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The Most Expensive Homes In Finance, Ranked!
The top dogs in finance are worth millions and even billions, so it's no surprise they flaunt their exorbitant pay checks on the places they call home.We found the most expensive homes belonging to...
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Wall Street CEO Gives His Employees 10 Life Lessons He Wants Them All To...
Jefferies CEO Richard "Dick" Handler sent out a clever email to his employees, giving his bankers 10 Wall Street life lessons he wants them to learn this summer.The lessons are in the form of an...
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A Retired Sanford Bernstein Exec Is Selling Her Park Avenue Apartment for...
A former executive at the investment management firm Sanford C. Bernstein is putting her Park Avenue apartment up for sale. Marilyn Fedak, Sanford Bernstein's former chief investment officer and...
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Women Run Hedge Funds Are Doing Significantly Better Than Those Run By Men
This morning, the Wall Street Journal reported on funds that choose to tie their fates to the performance of companies led by women.Barclays’ Women in Leadership Total Return Index, which consists of...
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A Wall Street CEO Took A Huge, Veiled Swipe At An Analyst In A Funny Email To...
On Monday we wrote about Jefferies CEO Rich Handler's brilliant email sharing 10 life lessons he wants all of his employees to learn this summer. The lessons are in the form of an imagined summer...
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Bank Of America Hires Former 'America's Next Top Model' Contestant
Former "America's Next Top Model" contestant Kim Stolz has been hired as a director for equity-derivative sales at Bank of America, Bloomberg News reports.She started at Bank of America last month. She...
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Elizabeth Warren Quietly Racked Up A Nice Win
Senator Elizabeth Warren (D-Mass.) got her way on Tuesday when the Federal Reserve rejected the living will plans for most Wall Street banks.Barclays, Citigroup, Goldman Sachs, and JPMorgan Chase all...
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15 Signs It's Time To Break Up With A Wall Streeter
Breaking up is never easy. But sometimes you just gotta do what you gotta do. This is especially true if your significant other works on Wall Street — and starts to show some very telling warning...
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A Private Equity Employee Is Suing Ex-'American Gladiators' Star For Hitting...
Angela Coppa, an accountant at private equity firm Cerberus Capital, is suing former "American Gladiators" TV star Scott Berlinger for allegedly hitting her with his bicycle two years ago, the New York...
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How A Small Team Of Morgan Stanley Wealth Managers In Alabama Quietly Amassed...
The business of Wall Street is changing — trading desks are shrinking, while once-"boring"businesses are bringing in the revenue that banks need to pull through quiet markets.This is the kind of...
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This Man Made $1.5 Billion In A Morning Just By Rearranging His Companies...
Billionaire energy tycoon Rich Kinder, the CEO/cofounder of the pipeline giant Kinder Morgan, made $1.5 billion on Monday morning, Bloomberg News reported.Kinder Morgan announced a $70 billion...
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This Stanford Economist Has Obama's Attention — And It's Causing A Wall...
Wall Street is freaking about Stanford economist Anat Admati's new book on the future of banking, saying "her ideas are wildly impractical, bad for the American economy and not to be taken seriously,"...
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Results For The Final Level Of The CFA Exams Are Out
The Level III CFA (Chartered Financial Analyst) results are out and most folks can breathe a sigh of relief because they passed the excruciating exam.According to the CFA Institute, approximately 54%...
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Here Are The Investing Giants That Built The Hedge Fund World As We Know It
The government has clamped down on Wall Street banks, but that doesn't mean money goes to sleep. In a shift decades in the making, the hedge fund world has exploded in size, filling the void banks have...
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