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UPDATE: Goldman Is NOT Killing Its Two-Year Analyst Program For I-Bankers
OK there's no reason to freak out. Goldman Sachs is not really killing its two-year analyst program as previously thought in the Twittersphere. The bank is just making some changes to its entry-level...
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SALLIE KRAWCHECK: These Are The Things That Keep Me Awake At Night
We caught up with Sallie Krawcheck after she sat on a panel at the Bloomberg Markets 50 conference. The title of her panel was 'Fixing Broken Banks', but that's not the only thing that's keeping...
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Cliff Asness Wants Everyone To Read This Paper On How Investors Are Getting...
A new paper recommended as a "required read" to Business Insider by hedge fund legend Cliff Asness charges that America is getting swindled by the investment management industry. The paper, titled...
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Meet The Bloomberg Reporter Who Mingles With Wall Streeters At Every Black...
Gala season is upon us, which means that night after night, New York City's (and thus Wall Street's) wealthiest will be wearing their finest at parties to support the charities of their choice....
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Meet Guinness World Record's Very First 'Youngest Investment Banker'
The Guinness World Records 2013 edition is out and there's a brand new category in it -- Youngest Investment Banker. In August 2011, John Wang Clow, at just 17 years and 77 days old, passed his Series...
View ArticleDespite $63 Billion In Profits, Here's Why Wall Street Is Still A Joyless Place
Oct. 3 (Bloomberg) -- Four years ago today, President George W. Bush signed into law the biggest corporate rescue in American history. Even as U.S. unemployment has remained above 8 percent for 43...
View ArticleSALLIE KRAWCHECK: Here's What's Wrong With How We Pay Bank Execs
These days, it's commonplace for bank executives to receive much more stock-based compensation. That needs to change, says Sallie Krawcheck. The former Citigroup and Bank of America Merrill Lynch exec...
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This E-Mail Exchange Is A Hilarious Example Of What Happens When Too Many...
The blog WhenInFinance has received what is sure to be a classic Wall Street email exchange. It's an e-mail exchange between four finance guys living together in Australia — KPMG, Goldman, Lazard and...
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What Investors Should Know Before Tonight's Presidential Debate
Tonight, President Obama and Mitt Romney go head to head in the first of a series of three debates before voters head to the polls in November. Both candidates have taken time off the campaign trail...
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Tom Brady Gave Jamie Dimon A Pep Talk During The London Whale Trading Loss
In November's issue of Vanity Fair, William D. Cohan and Bethany McLean have an extensive profile of JPMorgan's outspoken CEO, Jamie Dimon. One interesting nugget in the piece is when Dimon was down...
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James Maguire, 'The Chief' Of Wall Street, Is Retiring Today
James "Jimmy" Maguire Sr., affectionately known as "The Chief" on the floor of the New York Stock Exchange, is retiring today after spending over 60 years on Wall Street. Maguire, 81, will ring the...
View ArticleSallie Krawcheck On Sandy Weill's Call To Break Up The Banks
Former Citigroup chairman and CEO Sandy Weill, who is credited as the father of the financial supermarket, shocked the financial world this summer when he called to break up the big banks during a...
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Jamie Dimon's Idea For His Next Career Is Awesome
Jamie Dimon, the 56-year-old chief executive of JPMorgan, isn't planning on going anywhere anytime soon, but he has thought about the future. One thing is for sure is that he's already figured out...
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BANK EXECS ARE JUST LIKE US -- Jamie Dimon Wears Wrangler Jeans And Shops At...
Even though JPMorgan's CEO Jamie Dimon flies in a private jet and has a Park Avenue mansion, he does things that you wouldn't expect of a typical Wall Street executive. William D. Cohan and Bethany...
View ArticleSallie Krawcheck Says More Diversity At Wall Street Banks Can Help Reduce Risk
Sallie Krawcheck, the former president of global wealth and investment management at Bank of America Merrill Lynch, has come up with "Four Ways To Fix Banks", which was published in the Harvard...
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A Software Expert Explains How High Frequency Trading Programs Crash, And How...
All we know when something goes wrong with Wall Street's super-fast trading programs, is that millions of dollars can be gone in an instant. In the rush to recover what was lost, it's very rare that...
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Finally, Someone Came Up With Some Good Reasons It's Awesome To Work On Wall...
At times like these, when the economy is in the doldrums and there's unrest all over the world, it's good for Wall Street remember the little things. It's even better, though, to remember the big...
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Guy Sues Strip Club After Pole Dancer Falls On Him
Careful, fellows! The "bachelor package" at your neighborhood strip joint may not be all you hoped and dreamed it would be. From Dana DiFilippo at Philly.com: Patrick Gallagher of Lansdale claims a...
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The JP Morgan New York Vs. London Rivalry Was Real, And It Sounds Very Ugly
The central figures in JP Morgan's $5.8 billion trading loss — Ina Drew, Bruno Iksil (The London Whale) and Iksil's boss, Achilles Macris — have been totally mum about the whole affair. That has only...
View ArticleSallie Krawcheck Tells Us Where She Thinks Young People Should Work On Wall...
Sallie Krawcheck's storied Wall Street career includes executive roles at Citigroup and Bank of America Merrill Lynch. Her first job, though, was at Salomon Brothers in the late 1980s. Krawcheck...
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