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Citigroup is facing a make or break moment
The Federal Reserve is about to release its annual bank stress test, and on Wall Street that means all eyes are on Citigroup.Last year, the bank held the distinction of being the only major to fail the...
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Wall Street analysts are about to become much more disposable
It's going to be every analyst for himself on Wall Street soon.A European Union law is changing the way research analysts are working and getting paid, the Wall Street Journal reported on...
View ArticleWall Street mistresses are winning the internet age
We're going to write this only once. Hopefully that's all it takes.For the past few months, Dephi Financial Group CEO Robert Rosenkranz, 72, has been locked in a court battle against his mistress,...
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Goldman Sachs refuses to go 'boring'
After the financial crisis, Wall Street was ordered to get rid of businesses considered "risky." That means the high-testosterone trading adrenaline junkies go into finance for has systematically been...
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The 26 hottest power couples on Wall Street
In honor of Valentine's Day, we've decided to feature some of the hottest power couples on Wall Street. The range here is wide. We have fund managers who date well-known actresses. We have bankers who...
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Here's what it takes to be JPMorgan CEO Jamie Dimon's bodyguard
Our friend @GSElevator spotted an old job listing on LinkedIn for an "Executive Protection Specialist" at JPMorgan Chase (a.k.a. a bodyguard for CEO Jamie Dimon). Defensive skills and at least 10 years...
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Study: 45,000 suicides each year can be tied to unemployment
One out of every five suicides in the world can be associated with unemployment, according to a new study published in The Lancet Psychiatry, via CBS DC. The study, which was funded by the University...
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A Wall Street trader died after hiking alone in subzero temperatures and 100...
Wall Street trader Ekaterina "Kate" Matrosova died while hiking alone in New Hampshire's White Mountains in subzero temperatures this weekend, the New York Daily News reported. She was 32.On Sunday,...
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The case accusing Dominique Strauss-Kahn of organizing sex parties with...
Former IMF chief Dominique Strauss-Kahn is on trial in Lille, France, for "pimping," or organizing and instigating sex parties with prostitutes.And it appears he could get off without a serious...
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Infamous short-seller Carson Block is long something
Muddy Waters Research founder Carson Block, one of the world's most infamous short-sellers, revealed his first long stock position on Bloomberg TV's "Market Makers" with Stephanie Ruhle and Eric...
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Perella Weinberg just fired four top bankers for 'breaching trust'
Boutique investment bank Perella Weinberg fired its top restructuring banker, Mike Kramer, and three others for allegedly planning to leave and set up their own shop, Bloomberg News reported citing a...
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The 25 people you should avoid on Wall Street
A few years ago, CNBC’s Ash Bennington compiled a fantastic list of the people you should avoid on Wall Street. Recently, the Wall Street Journal’s John Carney issued a Twitter challenge for an...
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Hackers may have caused the Morgan Stanley data breach, not a fired adviser
(Reuters) - U.S. authorities are investigating whether a hacker is behind the online publication of a cache of Morgan Stanley's client data and not the financial adviser who was fired in connection...
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Wall Street is still shrinking
Wall Street banks are getting smaller.Around the world, banks have been cutting down on their workforce in the face of new regulation and declining profits, the Wall Street Journal reported Friday....
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Bloomberg calls Wall Street's newest hot spot 'a crime against truffles'
Since Hunt & Fish Club opened earlier this year, the swanky steakhouse has already built up a notable reputation with Wall Streeters and high profile celebrities.But one person remains unimpressed...
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Morgan Stanley made a cringeworthy 'Hunger Games'-themed video where...
InvestmentNews has obtained a super cringeworthy "Hunger Games"-themed video by Morgan Stanley financial advisors.The 10-minute film, which is called "Margin Games: Manager on Fire," was supposed to be...
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JP Morgan is being investigated for marking up auto loans based on race
The Department of Justice is investigating JP Morgan for allegedly marking up auto loans for customers based on their race.This was included in the bank's annual report, which was released on...
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Meet the Lazard banker they call 'the master of obfuscation'
LONDON/PARIS (Reuters) - Lazard banker Vincent Le Stradic recently took a break from his job advising Europe's top telecoms companies on deals to help little-known French start-up Sigfox raise 100...
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The oldest money manager on Wall Street has died at age 109
Irving Kahn, who was the oldest working investor on Wall Street, has died, according to an announcement in The New York Times, via Bloomberg. He was 109.Kahn, who served as the chairman of Kahn...
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CNBC won't be at the must-attend Wall Street conference of the year
CNBC will not be covering SALT Las Vegas this year, the hedge fund conference that has become a must-attend event on Wall Street since investment firm SkyBridge capital launched it 7 years ago."We have...
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