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The White House Is Hosting A Big Fiscal Cliff Meeting And Wall Street Isn't...
President Obama will be meeting with top business executives on Wednesday to talk about resolving the "fiscal cliff." However, Politico's Ben White points out that Wall Street wasn't invited. From...
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A Small Group Of Goldmanites Are About To Experience A Life-Changing Event —...
Tomorrow Goldman Sachs will tap its next "partnership managing director" class. The bank is expected to pick around 70 new partners, according to the Wall Street Journal. That's significantly lower...
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Goldman Partners To Be Revealed Any Minute Now...
It's partner day at Goldman Sachs! This morning, the bank is expected to tap 70 new "partnership managing directors", according to the Wall Street Journal. That's a much smaller class compared to the...
View ArticleSome Bank Of America's Equity Sales Team Are Faking Client Meetings To Make A...
Bank of America's equity sales team were told they must attend and log at least 30 client meetings a month, Bloomberg News Hugh Son reported.That's a really high number, especially since they're...
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Why Some Bankers Are Privately Happy When Their Colleagues Get Laid Off
With layoffs hitting Wall Street left and right, you would think everyone in finance would be totally grim, right? Not so fast. A banker we spoke to recently didn't seem phased by it in private. We...
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How To Talk Like An Investment Banker
“Hahah, oh snap! That is hot. Get this though, the other day, this MD accidentally spills coffee on this analyst’s shirt. MD doesn’t really say anything, just goes on working. The analyst is moping...
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A Wall Street Analyst Took Some Gorgeous Photos Of New York Getting Pounded...
SocGen FX analyst Sebastien Galy is one of our favorite follows on Wall Street for his short, sharp observations from the world of global macro and currency.And in addition to all that, it turns out...
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The New Scourge Of Wall Street — Finance Hipsters
I'd like to take a moment to discuss the growing multitude of "finance hipsters" and why they annoy the crap out of me. No, I'm not talking about hipsters who happen to work in finance, I'm talking...
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Goldman Promotes 266 To Managing Director
Yesterday Goldman Sachs named 70 of its employees to the highly-coveted "partnership managing director" position. Today the bank promoted 266 employees to managing directors.That's slightly higher...
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REPORT: Regulators Are Going After JP Morgan For Being Soft On Money Laundering
The Office of the Comptroller of the Currency will soon proceed with formal action against JP Morgan for having weak anti-money laundering systems, Dan Fitzpatrick and Robin Sidel of the Wall Street...
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A Former Hedge Fund Manager Breaks Down How Wall Street Uses Its Favorite Tax...
I wrote last week that one of the great lessons of the recent Presidential campaign, for me, is how little we as a country understand income tax policy.Since we’re about to engage in a crash course in...
View ArticleJP Morgan Will Pay $297 Million To Settle SEC Mortgage Fraud Lawsuits
This just in from Bloomberg. JP Morgan will pay $297 million to settle a lawsuits related to mortgage backed securities.Earlier today Reuters reported that the bank had reached an agreement with the...
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How I Made It From The Back Office To The Front Office At A Hedge Fund
If you’re working in the back officeat a hedge fund right now, congratulations!You should rip open your Oxford shirt and be proud of your monogrammed B.O.B. club t-shirt (the acronym stands for “Back...
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14 Photos Of Goldmanites Picking Up Trash
Last weekend, Goldman Sachs CEO Lloyd Blankfein spent the day volunteering The Rockaways with Sandy clean-up efforts. "He got after it. He got filthy dirty. He got down to his undershirt, it was...
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BILL COHAN: Wall Street Is Still Getting Away With Telling One Gigantic Lie...
Former Wall Street banker turned journalist William D. Cohan has a sharp column on Bloomberg this morning about what he calls "Wall Street's Great Scapegoat Hunt."It all comes down to one point. In...
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Why This Democrat Despises Barack Obama
Equality of rights and obligations, in people’s treatment under the law, is the very basis of democracy.When our nation was founded, the slave states demanded ignoring this legal concept.It therefore...
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JP Morgan Names Marianne Lake Chief Financial Officer
JP Morgan has named Marianne Lake Chief Financial Officer of the bank, replacing Doug Braunstein, Reuters reports. Lake is currently the CFO of consumer and business banking. That means she was tasked...
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What Lloyd Blankfein Looks Like At His Desk
Goldman Sachs CEO Lloyd Blankfein sat down with CBS Evening News' Scott Pelley to talk about avoiding the so-called "fiscal cliff." He's been calling for leaders in Washington to work together toward...
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This Is The Most Important Part of The SEC's Complaint Against Hedge Funder...
Florida hedge fund manager manager Mathew Martoma has been arrested in what people are describing as the most lucrative insider trading charge in history.Martoma allegedly made $276 million trading on...
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15 Of The Most Classic Trading Floor Pranks
If you ever get the chance to speak to a veteran floor trader, you really should.That's because they're likely full of incredible stories about the good (or bad) ole days on the floor. They'll probably...
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