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Goldman Sachs employees got the billion dollar payout they've been waiting for
Goldman Sachs employees are finally getting their 2008 payout.Last year the firm's employees cashed in on stock options totaling $2.03 billion, Bloomberg reported.The options served as incentive to...
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Hedge fund manager sues the US government over a 'reckless' raid that shut...
David Ganek, the founder of the hedge fund Level Global, is suing the FBI and Southern District prosecutors in New York after the government's 2010 raid resulted in the shutting down of his $4 billion...
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GOLDMAN: Here's how millennials will completely change the economy
Goldman Sachs has put together a tremendous infographic showing how millennials–those born between 1980 and 2000–are going to impact and shape the economy in a profound way as they move into their...
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Here are the 'Ten Commandments' a former Goldman Sachs co-chair wrote in the...
When former Goldman Sachs co-chair John Whitehead passed away earlier this month, he left a huge legacy at the company.But one of his lesser-known contributions was the set of rules he wrote for his...
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Lloyd Blankfein just threw some shade at Warren Buffett
In his annual letter, Warren Buffett took the opportunity to again warn shareholders about Wall Street greed.But Goldman Sachs CEO Lloyd Blankfein doesn't think Buffett knows what he's talking...
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Citigroup is finally sending checks to 23,000 people it forgot to pay after...
In the aftermath of the financial crisis, a handful of Wall Street banks paid a $10 billion penance for improperly handling mortgage agreements and prematurely or wrongly foreclosing homes around the...
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BofA Merrill Lynch dealmaker Harry McMahon is resigning after 32 years
Bank of America Merrill Lynch Executive Vice Chairman Harry McMahon has resigned after 32 years with the firm, Bloomberg News reports citing an internal memo sent out last week. According to Bloomberg,...
View ArticleCitigroup's about to have a make or break moment — here's what you need to know
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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Washington banished the New York Fed from the big boy regulators club
In a previously unreported power shift, the Federal Reserve has quietly taken control of Wall Street bank regulation – right out of the hands of the New York Fed, The Wall Street Journal's Jon...
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Deutsche Bank has a stress test problem
FRANKFURT (Reuters) - Deutsche Bank <dbkgn.de> AG has passed the first "stress test" set by U.S. regulators but is unlikely to clear the next hurdle as the German bank struggles to tighten...
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Wall Street just gave itself a golf clap
So the last test only measured whether or not Wall Street had enough gas in its car. The next test is where we find out if Wall Street can drive.On Thursday the Federal Reserve announced that 31 banks...
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Two former Bank of America wealth management trainees are suing the bank for...
Two former Bank of America trainees were disturbed when they found themselves working 10-hour days and even, sometimes, weekends during their training programs. Now they're suing the bank for not...
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Lumber Liquidators stock is getting demolished again
Lumber Liquidators' stock is nose-diving again following an update from the "60 Minutes" investigation and a number of class action lawsuits.Shares of LL were down more than 14% in afternoon trading....
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SocGen's Albert Edwards did his first TV interview in 20 years
Société Générale's bearish strategist Albert Edwards did his first TV interview in 20 years with Raoul Pal on Real Vision Television.Edwards and Pal engaged in a two-part interview spanning 90-minutes....
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UBS poached 15 oil and gas investment bankers from Canada's fourth largest bank
(Reuters) - UBS AG has poached a U.S. team of 15 oil and gas investment bankers from Canada's fourth largest bank, Bank of Montreal (BMO), marking a shift in power in the energy banking market,...
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Jamie Dimon's head was bolted to a table during his throat cancer treatment
Jamie Dimon told Vanity Fair about the details of his battle with throat cancer, now that the CEO of JPMorgan Chase is back on his feet and back on the job. Dimon discovered he had the disease while...
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How Wall Street bonuses have exploded since 1986
In 2014 the average Wall Street bonus was about $172,860, according to the Office of New York's comptroller, Thomas DiNapoli. That's an increase of 2% from the year before. The bonus pool itself...
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Shareholders are looking at a $109 billion payout if big banks pass the...
The second round stress test results will be released Wednesday, which means shareholders are about to find out who is getting a payout, and who isn't.According to Bloomberg, banks that pass the...
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Some Wall Streeters will be attending a party 'for the sexual elite' in NYC...
A London-based sex club for the "elite" is hosting its first-ever New York City rollick on Saturday, and you can expect some Wall Street faces to show up.Killing Kittens, which was founded by Kate...
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Warren Buffett will make another $70 million from bank dividends this year
Lots of people have cause to celebrate after many US banks passed the Federal Reserve's stress test on Wednesday and promptly announced plans to raise dividends. Chief among them is Warren Buffett.The...
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