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Revenge Of The Nerds: Wall Street Cybersecurity Execs Are Getting Huge Raises
Talk about revenge of the nerds.Wall Street senior cybersecurity executives are going to see their salaries skyrocket following numerous cyber-attacks on financial firms, according to a Bloomberg...
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A Sex Toy Company Is Marketing A Product 'Exclusively For Bankers'
So this is apparently a thing... Swedish sex toy company LELO is marketing a new product "exclusively for bankers."That's right, it's for bankers only.Here's why, from the company:"Many bankers want...
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Studies Find Fast Traders Get Data From SEC Early
Hedge funds and other rapid-fire investors get access to market-moving documents before other users of the Securities and Exchange Commission's system for distributing company filings, giving them a...
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A Day In The Life Of Dynamic Morgan Stanley Exec Gary Kaminsky
Early mornings, high-powered meetings, and and peanut butter oatmeal, it's all par for the course in the life of Gary Kaminsky, Morgan Stanley's vice chairman of wealth management and former capital...
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Banker's Wife Alleges Drug Abuse And Extramarital Sex With High-Powered...
It sounds like something straight out of "The Wolf of Wall Street."Investment banker Sage Kelly — the global head of healthcare investment banking at Jefferies — is involved in a divorce and custody...
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The Most Handsomely Paid Bankers In London
LONDON (Reuters) - U.S. bank J.P. Morgan pays managing directors at its investment bank in London an average of 461,000 pounds ($737,877), substantially more than pay across its rivals, according to a...
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JP Morgan's Top Dealmaker Has 5 Keys To Success
JPMorgan Vice Chairman Jimmy Lee is a legendary dealmaker on Wall Street. We caught up with Lee on the phone this week before Bloomberg's "The Year Ahead" summit and he shared his keys to success. "I...
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Jefferies Banker In The Middle Of A Very Messy Divorce Takes A Leave Of Absence
Bloomberg News' Stephanie Ruhle and Zeke Faux are reporting that Sage Kelly, the Jefferies investment banker embroiled in a messy divorce, has taken a leave of absence according to a memo from...
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Citi Earned Less Than It Told Everyone Two Weeks Ago
Citigroup has cut its third quarter earnings down to $0.88 from $1.07 as it reported earlier this month.The banks says that the cut is due to an $600 million increase in its legal reserves. The stock...
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Here's The Memo Jefferies' CEO Wrote Supporting The Banker Whose Divorce...
One story has dominated Wall Street this week — the sad divorce and custody battle between Jefferies global head of healthcare, Sage Kelly, and his ex-wife Christina. In an incredibly detailed...
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Banker's Wife Alleges Drug Abuse And Extramarital Sex With High-Powered...
It sounds like something straight out of "The Wolf of Wall Street."Join the conversation about this story »
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Here's What Cocaine Does To The Human Body
Last week Wall Street found that it had another cocaine-fueled scandal on its hands when an investment banker's ex-wife accused her husband of intense drug abuse.Less than a week later, a banker in...
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A CNBC Anchor Called Out Herbalife's Most Bullish Analyst For Taking A Pay...
In case you missed "Options Action" on Friday afternoon, CNBC anchor Melissa Lee called out famed Herbalife bull Tim Ramey, questioning whether he's an objective research analyst because he accepts a...
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Wall Street Is Starting To Understand That Nothing Will Save Macau
October's Macau revenue numbers are in, and what's clear is that the retail gambler is not going to save Macau.For months the narrative about Macau's sliding casino revenues has gone like this:Yes, the...
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Bank Of America Actually Lost Money Last Quarter
Bank of America has revised down its third quarter earnings by $400 million amid a currency probe that has forced it to add to its legal reserves.The bank had reported a loss of 1 cent share last...
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Wall Street Banks Have Been Hoarding Billions For One Legal Settlement — And...
Wall Street has been bracing for a billion-dollar currency manipulation investigation that will be over in a few weeks, says The Wall Street Journal.In the past few weeks, it seems banks have been...
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Wall Street Is Pushing For More Say In How The Stock Market Works
A major Wall Street trade group is lobbying to get legislation passed that would give trading firms, banks and institutional investors a greater say in how the U.S. stock market is governed, according...
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Meet The Guru Who Is Trying To Turn Merrill Brokers Into Wheatgrass Drinking...
NEW YORK (Reuters) - At a retreat for Merrill Lynch financial advisers in a luxury Orlando hotel last month, a group of several dozen men and women in business attire swung their arms back and forth...
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It's Not Looking Good For Wall Street Bonus Season
Bonus payouts might miss the expectations of many Wall Streeters this season.Johnson Associates published its latest projections for Wall Street compensation on Monday. Incentives for people working in...
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Wife Of Jefferies Banker Apologizes For 'Inaccurate, Untrue' Things Written...
Christina Kelly — the estranged wife of Jefferies healthcare banker Sage Kelly — has issued an apology to the investment bank. "A substantial portion of what has been written in the press and other...
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