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Things in China are about to get better, but for the worst possible reason
Chinese economic data continues to disappoint, and the recent volatility in the country's stock markets shows no sign of abating.Wall Street's reaction to this is pretty much unanimous: the government...
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These charts prove why Jamie Dimon is the most important banker in the world...
The global economy has a whole lot riding on Jamie Dimon. JPMorgan tops a number of global bank rankings in terms of how interconnected it is with other banks, how difficult it would be to replicate or...
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Business school grads have a new set of heroes
Activist investors are often cast as villains: money-grabbing nuisances who harass chief executives for payouts and short-term gains.But in some of the industry's training grounds — business schools —...
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One of the biggest dealmakers on Wall Street is sounding the alarm on M&A
One of Wall Street's biggest dealmakers is sounding the alarm about the frenetic level of mergers-and-acquisitions activity.Centerview Partners cofounder Blair Effron highlighted similarities between...
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The most elite students in America have had it with investment banking
Harvard Business School graduates are some of the most sought-after new hires in the world.They're among the top choices for companies in just about every industry — including Wall Street investment...
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The same stock that scorched David Einhorn is burning Leon Cooperman
Solar and wind energy company SunEdison is brutalizing two big names on Wall Street, Greenlight Capital's David Einhorn, and Omega Advisers' Leon Cooperman.Einhorn said on a call earlier this week that...
View ArticleThe man behind @GSElevator explains why women don't get promoted on Wall Street
John Lefevre created the Goldman Sachs Elevator Twitter account (@GSElevator) as a parody of banking culture. He tweeted anonymously for years as he gained hundreds of thousand followers with his...
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This Goldman Sachs alum is helping stay-at-home moms find work (gs, goog)
After more than a decade in finance, one Goldman Sachs alumnus decided working and raising a family wasn’t a zero-sum game. And it didn’t have to be for other moms, either. Kristen Koh Goldstein set up...
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Disclosing CEO-worker pay gaps makes no sense for Wall Street banks
The Securities and Exchange Commission this week adopted a new rule requiring public companies to disclose how much money CEOs earn in comparison to typical employees.Part of the Dodd-Frank financial...
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Warren Buffett shuns Wall Street advisers on latest megadeal (brk.a, brk.b, pcc)
The Oracle of Omaha has cut Wall Street out of advising on his latest deal. Warren Buffett isn't using any investment bankers on his $235-a-share, $37 billion deal to buy Precision Castparts, announced...
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14,663 people just got major cred on Wall Street
Several thousand Wall Streeters can finally breathe a sigh of relief Tuesday knowing they passed the third and final level of the Chartered Financial Analyst (CFA) exam.According to the CFA Institute,...
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This 'investment banking training’ course bundle will help you land a job in...
The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships so we may get a share of the revenue from your purchase.If you’re vying for an entry- or...
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Insider trading ring alleged to have made $30 million from hacking press...
Federal authorities made arrests this morning in a case involving an alleged insider trading ring that hacked several thousand press releases containing market-moving information.The indictment, which...
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The 15 best bars in New York's Financial District
New York City's Financial District is the nation's economic hub, so naturally it has a robust and classy bar scene. Based on Yelp reviews, a consensus from FiDi locals, and our own experiences, we've...
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The robot revolution is coming for Wall Street traders
Technology is taking over Wall Street, and it means investment banking jobs of the future will look very different than they do today. Traders are obviously no strangers to the growing use of tech. At...
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This computer the size of a credit card can be used for all kinds of amazing...
The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships so we may get a share of the revenue from your purchase.The Raspberry Pi is a computer that...
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A trader in Pennsylvania allegedly made millions in a huge insider trading...
More than 30 defendants were today named in criminal and civil cases over alleged hacking and insider trading.Only one appears to have a background on Wall Street — Vitaly Korchevsky.The 49-year old...
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This brokerage set up a secret team that traded against its own clients
ITG, an electronic brokerage that trades more than 4 billion U.S. shares a month, has admitted to running a secret trading desk that took advantage of its clients.The firm runs what's known as a dark...
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A Wall Street guide to bar etiquette
You can be dumb. You can be rude. You can be incompetent. I don’t really care, as long as it doesn’t impact me. But if you are any of those things in a bar and it interferes with my ability to drink,...
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Goldman Sachs just pulled a Silicon Valley move
Goldman Sachs is going the way of Google and Facebook.The investment bank is giving away some of its trading technology to clients through open-source software, according to The Wall Street...
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