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Brokers Allegedly Guzzle Red Bull And Stand For 14 Hours At This Firm That's...
Anastasios "Tommy" Belesis's brokerage firm John Thomas Financial has drawn regulatory scrutiny and could face disciplinary action from FINRA, Bloomberg News' Zeke Faux reports.FINRA records show that...
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REPORT: There's A Fresh Round Of Layoffs Coming To Goldman Sachs
This just in from Reuters, Goldman Sachs is about to begin a fresh round of job cuts. They could begin as early as next week and will hit the equities business harder than fixed income.Goldman usually...
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12 Bizarre Ways To Get In Trouble At Your Wall Street Job
Some people get flack at their jobs for taking too many days off, or perpetually coming in late. Those things are common, so when they happen no one bats an eye.There are other people, however, who get...
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JP Morgan Is Laying Off 4,000 Employees
JPMorgan Chase is holding its investor day in Manhattan today. The bank's CEO Jamie Dimon is slated to speak and open up for Q&A this early afternoon.In the Firm Overview JPMorgan released, the...
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Don't Get Too Excited About That Rise In Wall Street Bonuses
The office of New York State's Comptroller, Tom DiNapoli, just put out its annual review of the state of Wall Street bonuses, and let's put it this way, the results need serious unpacking.In New York...
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The Average Wall Streeter Still Makes A Staggering Amount More Than The...
Today, New York's Office of the Comptroller put out its annual Wall Street compensation report for 2012.It's an important report because it gives the state and city and understanding of what kind of...
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Blackstone's COO And Other Wall Street Bigwigs Sat For A Recruiting Firm's...
Skiddy von Stade has been recruiting on the Street for thirty years. In that time, he's made friends with some of the biggest players in finance from investment banking to asset management.Last year,...
View ArticleJAMIE DIMON TELLS ANALYST: Here's Why I'm Richer Than You
JPMorgan's CEO Jamie Dimon just burned CLSA bank analyst Mike Mayo during the bank's Investor Day.Mayo is known for being a famously outspoken analyst when it comes to the banks. This is what happened...
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JAMIE DIMON: 'No One At JPMorgan Ever Worries About Losing Their Job Because...
JPMorgan Chase's outspoken chief executive Jamie Dimon is speaking at the bank's Investor Day in Manhattan.Earlier, JPMorgan said it would eliminate 4,000 jobs in 2013 and another 13,000 in its...
View ArticleElizabeth Warren Grilled Ben Bernanke On The Subsidy For 'Too Big To Fail' Banks
Ben Bernanke testified before the Senate Banking committee today, and for the most part, things proceeded as usual.Until Elizabeth Warren took the mic.Senator Warren grilled Bernanke on "too big to...
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Here's Why Wall Streeters Are STILL Getting Axed
Goldman Sachs' annual layoffs will reportedly be worse than usual, JP Morgan announced that it's cutting 4,000 jobs, and already Morgan Stanley has let go 1,600 employees.Barclays, Deutsche Bank, UBS...
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Bankers Are Using Some Pretty Cool Code Names To Talk About Deals These Days
Using code words to talk about deals isn't new, investment bankers have using them to talk about sensitive business since investment banking was created. Code makes it possible to talk about a deal any...
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Jamie Dimon Totally Downplayed JP Morgan's 17,000 Upcoming Job Cuts
JPMorgan Chase revealed in its Investor Day presentation yesterday that its going to axe 17,000 jobs in the next two years.Four-thousand of those cuts are expected to go down this year and the other...
View ArticleA Congressman Followed Elizabeth Warren's Lead And Pummeled Bernanke On Too...
Perhaps Elizabeth Warren's sickness over 'too big to fail' (TBTF) is catching.Today, Ben Bernanke was testifying before the House Financial Services Committee. The hearing lacked some fireworks without...
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This Startup Is Going After One Of The Last Successful Businesses On Wall Street
Wall Street is weak right now, and that means the entrepreneurs are circling. They'll dissect the Street's business, and expose its weaknesses. Hopefully, they'll make a profit.As it stands right now,...
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Lehman Brothers Is Trying To Blame JP Morgan's London Whale For Its Bankruptcy
NEW YORK (Reuters) - The former JPMorgan Chase & Cotrader known as the "London Whale" was not responsible for Lehman Brothers Holdings Inc's bankruptcy and should not be dragged into an $8.6...
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Jamie Dimon And A Bunch Of Execs Are Wearing These Really Dorky Matching Outfits
JPMorgan Chase's CEO Jamie Dimon is on Fox Business talking about his bank and the economy with Melissa Francis.We couldn't help but notice his wardrobe selection for tonight. The CEO is rocking some...
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The Only Way A Young Wall Streeter Can Save Their Weekend
Given that it's Friday and I'm looking to finish up some work and get out of here myself, I'm going to keep this short and sweet.When you first start in banking, you're pretty much stuck. I wouldn't...
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Goldman Sachs Threw A Party That Was Like The 'Golden Globes Of Investment...
Goldman Sachs threw a party last month at Pier 36 in the Lower East Side to celebrate its new partner class, Daily Intelligencer's Kevin Roose reports.The investment bank hasn't thrown a party after...
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DRUCKENMILLER: The Economic Mess Is Greenspan's Fault
Legendary billionaire hedge fund manager Stan Druckenmiller, who rarely does media appearances, sat down with Bloomberg TV's Stephanie Ruhle for an hour-long interview. Druckenmiller, who called the...
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