Goldman Sachs is trading at its highest level since the financial crisis (GS)
Goldman Sachs shares are trading at their highest levels since 2007.Shares were trading at $218.90 around 12:15 p.m. ET on Wednesday after increasing steadily from $161.27 on August 31.Analysts from...
View ArticleHere's everything we know about former Goldman Sachs banker Steve Mnuchin -...
President-elect Donald Trump has picked former Goldman Sachs banker Steve Mnuchin as the next treasury secretary. Here’s everything we know about his long career.Follow BI Video: On TwitterJoin the...
View ArticlePreet Bharara, the 'sheriff of Wall Street,' meets with Trump and says he'll...
Preet Bharara, the US attorney for the southern district of New York, told reporters that he agreed to stay on after meeting with Donald Trump."We had a good meeting," Bharara told reporters. "I said I...
View ArticleHere's what Wall Street's top performers expect from their bonuses this year
Fixed income, currencies, and commodities traders are back in the ascendancy on Wall Street.The FICC business is expected to post an increase in 2016 revenue, in contrast to the equities business and...
View ArticleJEFFERIES CEO: We need to step it up after an unacceptable 2016
Jefferies has "not been operating at normal levels" this year, but is well-positioned for 2017.That's according to a candid letter CEO Richard Handler sent to staff Thursday to mark the end of the...
View ArticleHere's who could replace Lloyd Blankfein someday as Goldman Sachs CEO
Goldman Sachs Group Inc is again facing questions about who would succeed longtime Chief Executive Officer Lloyd Blankfein when he eventually steps down.The Wall Street investment bank's president and...
View ArticleTrump's new cabinet pick Wilbur Ross reportedly served as head of a secret...
On Wednesday, President-elect Trump tapped billionaire financier Wilbur Ross as his commerce secretary.The 79-year-old was a senior policy adviser to Trump during his campaign. He amassed his estimated...
View ArticleSteven Mnuchin will not 'drain the swamp' on Wall Street
After weeks of speculation, Donald Trump has announced Steve Mnuchin as his nominee for Treasury Secretary. Though Mnuchin can currently be seen in movie theaters playing a banker in Warren Beatty’s...
View ArticleHere's what Europe's top traders expect from their bonuses this year
Foreign exchange trading is where it is at in Europe. That's according to an annual survey by Wall Street recruiting firm Options Group, which takes in the views of the top 25% of performers at the...
View ArticleOne group of traders is looking forward to a big bump in bonuses
Rates traders are making it rain.The rates business has been the standout performer on Wall Street in 2016, with revenue at $21 billion for the first nine months of the year, according to Coalition, up...
View ArticleGoldman Sachs shares have been on a tear since the election (GS)
Goldman Sachs shares have been on a tear since last month's presidential election.The stock has gained about 25%, and on Thursday hit its highest level since 2007 — or before the financial crisis. The...
View ArticleAnother senior executive at Deutsche Bank is set to leave the bank (DB)
A senior executive at Deutsche Bank is set to leave the bank.Brad McKee, an emerging markets specialist who was most recently head of Latin America structured debt, will leave at the end of the year,...
View ArticleGoldman Sachs HR chief shares 5 tips for acing your job interview
Recruiting done right is not about filling seats, it's about building the future of a business. Over the past several years, companies across industries have evolved their approach to evaluating...
View ArticleLiberty Mutual is buying an insurance company from a Chinese giant for about...
Liberty Mutual is buying the excess and surplus insurance company Ironshore Inc. from Fosun International for about $3 billion.Fosun, a Chinese insurer, bought Ironshore for about $2.3 billion two...
View ArticleJAMIE DIMON: 'I want to do my share to help America get better'
JPMorgan CEO Jamie Dimon wants to help President-elect Donald Trump improve the lives of lower-wage workers.Speaking at the Goldman Sachs Financial Services conference, the Wall Street executive, who...
View ArticleWall Street banks are having a great time in trading
It sounds like Wall Street banks are having a strong fourth quarter.JPMorgan CEO Jamie Dimon and Bank of America Merrill Lynch CEO Brian Moynihan both shed some light on their firms' performance in the...
View ArticleThis financier left Wall Street to start a marijuana chocolate company
Peter Barsoom made his way up and down Wall Street over the last 19 years in his job overseeing consumer banking. His résumé includes turns at Merrill Lynch, American Express, and Morgan Stanley.More...
View ArticleSCHWARZMAN: Donald Trump is going to change the 'architecture of the world'
Blackstone CEO Steve Schwarzman is excited about President-elect Donald Trump's America.The billionaire private equity executive, who was recently named chair of Trump's economic advisory forum,...
View ArticleWall Street is wrong about luxury home sales
Luxury home sales have increased, contrary to the opinions of most Wall Street analysts and press reports. Here are the facts:Sales of homes priced above $600,000 have risen in 37 of the 43 counties...
View ArticleBernie Madoff explains in rare interview from prison how he rationalized his...
Eugene Soltes is a professor at Harvard Business School as well as the author of Why They Do It, which focuses on white-collar crime. He spent seven years speaking with some of the biggest white-collar...
View Article