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How private equity firms plan to get normal people's money
Private equity's ultimate goal is to access about $5 trillion in investible capital and it can't do it without you.Private equity firms still can't access all of the average investor's money due to...
View ArticleA New York City taxi tycoon threw his kid an epic bar mitzvah with a private...
A New York taxi cab medallion mogul threw his son an epic bar mitzvah party this weekend complete with a private Nicki Minaj performance.The lucky kid's name is Matt Murstein.Matt's father is Andrew...
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Wall Street's traders are getting spanked again
The banks had a good first quarter, thanks largely to strong trading revenues – but now that's starting to change.In fact, bond volatility started to turn down back in March, even before the end of the...
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The ultimate sign that Wall Street's pecking order has been totally upended
If Wells Fargo becomes a bank where Wall Street's top talent wants to work, then financial-crisis-era regulators really would have pulled off something.They will have at least partly changed the...
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Bloomberg TV star Stephanie Ruhle is selling her marvelous Tribeca condo for...
Bloomberg TV's star anchor Stephanie Ruhle and her husband, Andy Hubbard, are selling their beautiful Tribeca condo for $5.2 million. Ruhle is the cohost of "Market Makers" and Hubbard is currently a...
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How a no-name company found Twitter's earnings announcement early without...
A little-known financial-data platform firm just put itself on the map by finding Twitter's earnings announcement early and publishing it without breaking any rules.At 3:07 p.m. ET, Selerity Corp....
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How an otherwise healthy Wall Street bank totally blew its best quarter in years
The UK's Barclays Bank reported its first quarter earnings this morning, and the numbers should've been fantastic. But they weren't.Pre-tax profit rose to $2.8 billion from $2.6 billion a year before,...
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Wall Street traders were laughing at the Twitter earnings leak
Traders on Wall Street don't think the Twitter earnings leak is that big of a deal. If anything, it's bad for Twitter but great for them."The leak is just sloppy, which is emblematic of how the company...
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Wall Streeters are getting paid 'much less' than they'd expected
Wall Streeters aren't getting paid as much as they'd hoped.Bloomberg Markets polled some 1,280 financial pros across the industry earlier this month and found that 48% of them are getting paid "less or...
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Ex-Goldman Sachs banker found not guilty in Hamptons rape case
Jason Lee, a 38-year-old ex-Goldman Sachs managing director, has been acquitted in a rape case, Bloomberg News reports.Lee was accused of raping a then 20-year-old Irishwoman in the Hamptons in 2013...
View ArticleIVY LEAGUE B-SCHOOL ADVISOR: MBAs 'are in a bit of crisis'
A professor at one of the best business schools in the country is worried about the future of MBA programs.Curt Welling, a senior fellow at the Tuck School of Business and CEO of AmeriCares, who also...
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After a near-death experience, a Bank of America VP started the charity that...
One minute Noah Cooper was jogging on the treadmill in his apartment complex's gym, the next he was passed out with an arrhythmia — a condition causing his heart to beat irregularly — while a neighbor...
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It was only a matter of time before Wall Street turned peer to peer loans...
What was the peer-to-peer lending industry missing? Derivatives, obviously.From Tracy Alloway and Matt Scully at Bloomberg:Investment funds can’t get enough of this business, which involves lending to...
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Everything you need to know before the biggest hedge fund conference of the...
On Tuesday around 2,000 hedge fund managers, DC insiders, Wall Street bankers, reporters, security experts, and will.i.am will descend on the Bellagio Hotel in Las Vegas for an annual four day meeting...
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Chase banking customers are having trouble paying their rent
People were complaining that they aren't able to log into Chase.com or the bank's mobile application. The bank acknowledged that their customers are having difficulties on Twitter [via CNBC]. We know...
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Carl Icahn is getting personal on TV this weekend
Carl Icahn is appearing on Wall Street Week on Sunday, and the word is that he's going to get pretty candid about his life.Wall Street Week, revamped from its retro PBS iteration by investment firm...
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Carl Icahn told a story about his dad that always makes him tear up
Legendary investor Carl Icahn nearly came to tears on Sunday during a Wall Street Week interview with hosts Anthony Scaramucci and Gary Kaminsky.What got the multibillionaire so emotional? His...
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Less than a quarter of Wall Streeters are happy at work
Despite having good, stable salaries and a strong sense of purpose in the workplace, only 22 percent of finance pros are happy with their jobs.That's according to a new study from TINYpulse, a company...
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Leon Cooperman just threw out a bunch of stock picks for a bull market
At least someone on Wall Street is bullish right now. Leon Cooperman, chairman and CEO with Omega Advisors, says he thinks the stock market will end higher for 2015."Historically, after the first Fed...
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Inside the packed charity gala young Wall Street hit up over the weekend
Bank of America VP Noah Cooper and his close friend, Rob Sanzillo, an attorney at at Herrick Feinsten in New York, founded a charity that's close to their hearts. Literally.And on Saturday, they held a...
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