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REPORT: Morgan Stanley's CFO Is Being Considered For A Top Spot At The Treasury
Bloomberg TV's White House reporter Hans Nichols Tweeted that Ruth Porat, Morgan Stanley executive vice president and chief financial officer, is being considered for a top spot at the U.S. Treasury...
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The Head Of A Small Investment Bank Is Selling His Unreal 6-Story Upper East...
Eric J. Gleacher, founder of Gleacher & Company, a boutique investment bank in Manhattan, is selling his six story Upper East Side townhouse for $30 million, the NY Times reports (h/t...
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JPMorgan Receives Cease-And-Desist Order From Fed To Fix Its CIO Following...
JPMorgan Chase received a cease-and-desist order from the Fed to take corrective action in its chief investment office following the "London Whale" trade.The bank also received an order to enhance its...
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Miss America's Boyfriend Works At JPMorgan
Sorry, guys.Newly crowned Miss America Mallory Hagan is off the market.In fact, her boyfriend works at JPMorgan Chase.The blonde beauty's beau, Charmel Maynard, is as an associate at the New York-based...
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KRAWCHECK: Here's How The Big Banks Can Be Trusted Again
This post originally appeared on LinkedIn. Follow Sallie on Linkedin Research shows that financial services is the least trusted US industry, with less than half of the public believing that banks will...
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Morgan Stanley Just Instituted The Most Brutal Bonus Plan Wall Street Has...
Morgan Stanley is deferring 100 percent of bonuses for top earners, Reuters reports."Top earner," in this case, means anyone making more than $350,000 with a bonus of more than $50,000 over a three...
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JP Morgan's Board Voted To Release The Report Blaming Jamie Dimon For The...
Since Sunday, reports have surfaced the JP Morgan's board may release a report blaming CEO Jamie Dimon for last year's the $6.2 billion 'London Whale' trading loss.According to Dealbook, they're going...
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Kid Sends Perfectly Blunt Cover Letter For Wall Street Internship, And Now...
Sometimes we get forwarded applications for summer internships on Wall Street that are extremely embarrassing because the applicant is totally full of themselves or completely clueless. What happens is...
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JPMorgan Beats Earnings Estimates
The nation's largest bank JPMorgan Chase released fourth quarter earnings results this morning. For Q4, JPMorgan delivered EPS of $1.39.Net-income came in at $5.7 billion and revenue came in at $24.4...
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Goldman Sachs CRUSHES Earnings (GS)
Investment banking giant Goldman Sachs crushed its fourth-quarter results this morning. For Q4, EPS came in at $5.60 versus average Wall Street analysts' estimates of $3.66. Revenue for the fourth...
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JPMorgan's Paris-Based Head Of European Cash Equity Sales Has Died
Thomas Candillier, JPMorgan's head of European cash equity sales based in Paris, has died, Bloomberg News' Ambereen Choudhury reports citing a bank spokesperson. He was 37. Candillier passed away on...
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This Is Where JP Morgan Really Screwed Up In The Infamous 'Whale' Trade
This weekend, the news broke that JP Morgan may release a massive report reviewing what caused the painful $6.2 billion loss in its London Chief Investment Office known as the London Whale trade.Today...
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The Real Problem With Dell Is Very Simple: Michael Dell
As of yesterday, Dell and private equity firms Silver Lake and TPG were still just talking about a massive deal to take the company private.Now Fortune reports that TPG has walked away.That leaves...
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Now There's An App That Solves The Biggest Problem With Wall Street Bonus Season
It's not polite to talk about your bonus on Wall Street. It's also not polite to ask someone about their bonus on Wall Street.Unfortunately, that makes it very hard for Wall Streeters to do exactly...
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6 More NYC Financiers And Their Lovely Leading Ladies
Last week we brought you ten NYC financiers who managed to land some of our favorite ladies, from Leandra Medine to Mary-Kate Olsen.As it turns out, the list goes on. So, we want to introduce you to...
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Everyone's Pretty Skeptical Of JPMorgan’s Whale Report
By Sonja Ryst, Research AnalystJPMorgan Chase (JPM) released a 132-page report on Jan. 16 that detailed the “London Whale” story surrounding a $2 billion investment fiasco. On the same day the New York...
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Here's What Morgan Stanley's Brutal Cuts Have Done To Compensation Costs
Morgan Stanley reported earnings today that beat expectations. Analysts expected profits of $0.27 a share and the bank reported profits of $0.45 a share excluding accounting charges (see an explanation...
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20 Things I Wish I'd Known Before Taking The CFA Exam
6 years ago, I signed up for my CFA Level I as a sprightly, wide-eyed innocent.I wish at the time I had someone who'd gone through everything to point out the potholes of the journey I'm on. For...
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Lloyd Blankfein Took Home $13.3 Million In Stock Last Year
Goldman Sachs CEO Lloyd Blankfein was awarded $13.3 million for his stock bonus for 2012, Bloomberg News Christine Harper reports citing a regulatory filing. That's up 90% compared to 2011, the report...
View ArticleJames Gorman Talks One On One About Morgan Stanley's Brutal Cost Cutting
After Morgan Stanley's Q4 earnings report beat expectations this morning, CEO James Gorman sat down with Bloomberg TV's Erik Schatzker to answer the question that's been on everyone's mind — is the...
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