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It's Becoming Increasingly Clear Who Really Has The Power To Get Wall Street...
All of the sudden, Wall Street banks aren't just talking about layoffs, they're talking about cutting pay for their employees. If you don't know Wall Street, you may not realize why that's strange. So...
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Cantor Fitzgerald Broke Ties With Moody's Over A Disagreement About Compensation
Since Morgan Stanley CEO James Gorman said that he was going to lower compensation at Morgan Stanley, that has been the hot topic of conversation. Now, from CNBC's Kayla Tausche, here's another story...
View ArticleSallie Krawcheck Tells Us What She's Been Doing Since Leaving Merrill Lynch
It's been over a year since Sallie Krawcheck left her post as head of global wealth management at Merrill Lynch. We asked her what she has been doing these days. Krawcheck told us that besides...
View ArticleHere's What Women Need To Do To Make It On Wall Street
Sallie Krawcheck has held executive roles at Sanford Bernstein, Citigroup and Bank of America Merrill Lynch. We asked her what advice she has for women who want to make it on Wall Street: Produced...
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Two Op-Eds Spar Over Whether JP Morgan Did Everyone A Favor Buying Bear Stearns
There were two op-ed pieces that came out 17 minutes apart last night following last week's lawsuit filed against JPMorgan by New York Attorney General Eric Schneiderman alleging the Bear Stearns unit...
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If You Want A Job With Whitney Tilson, Don't Send Him A Resume — Try...
Like most big name hedge fund managers, Whitney Tilson, the founder of T2 Partners, gets a lot of emails and resumes from people seeking a job at his fund. The thing is Tilson doesn't want a resume....
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The Giant Pay Gap Between Wall Street And Everyone Else Isn't Going Anywhere
The New York State Comptroller's office is out with its annual review of the state of Wall Street, so we're picking through it for the interesting points. And one point that's always interesting about...
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More Evidence That Wall Street's Bonus Pool Is Getting Drained
The New York State Comptroller's report on the financial state of Wall Street is out, and that means a flood of industry data for all to see. And what's Wall Street industry data without an estimation...
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A Former Banker Breaks Down What Investment Bankers Actually Do All Day
Dealbreaker's Matt Levine has a new gig answering questions for NPR's Planet Money. The first toughie he tackled: What do investment bankers actually do? The short answer: nothing. The long answer:...
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Goldman's New CFO Was In 'Eat, Pray, Love' And His Girlfriend Was Shot Trying...
This correction involving Goldman Sachs' soon-to-be chief financial officer Harvey Schwartz ran in the Wall Street Journal. [via Dealbreaker]. Annie Hubbard, the woman appearing alongside Goldman...
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JAMIE DIMON: We Did The U.S. Government A Favor By Acquiring Bear Stearns
JPMorgan Chase's outspoken CEO Jamie Dimon is speaking at the Council on Foreign Relations today. During a question and answer session, Dimon was asked about the Bear Stearns acquisition during the...
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Jamie Dimon Isn't Worried About JPMorgan, But He's Worried About The U.S.
JPMorgan Chase's outspoken CEO Jamie Dimon spoke at the Council on Foreign Relations today. The topics of the talk included the U.S. economy, the fiscal cliff, bank regulations, the eurozone crisis...
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Here's How Much Jamie Dimon Says JPMorgan Could Lose If Things Go Bad In Europe
JPMorgan's CEO Jamie Dimon spoke at the Council on Foreign Relations this afternoon covering a gamut of topics. When it came to Europe, Dimon told the audience that JPMorgan will stay in Italy and...
View ArticleSHEILA BAIR: 'We Need To Radically Change Capital Requirements'
One of the main recommendations former FDIC chair Sheila Bair makes in her new book,"Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself” is to change capital...
View ArticleDIMON: It 'Pisses Me Off' That People Who Brought The US To Its Knees Walked...
JPMorgan's CEO Jamie Dimon spoke at the Council on Foreign Relations today covering a variety of subjects including the U.S. economy, the fiscal cliff and the euro zone crisis. Here's what he had to...
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Numbers Don't Lie — Wall Street Layoffs Have A Sad Trickle Down Effect On The...
In the last few years, Wall Street has seriously dropped its head count. There are a ton of reasons for this, number one being the collapse of the Street's own business model due to the financial...
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Wall Street Earnings Forecasters Have Been Hopelessly Over-Optimistic For The...
Definitely check out Jim Bianco's presentation at The Big Picture conference, where he talks about the state of the economy, earnings, and the inevitable failure of the Fed. Two charts really stood...
View ArticleSallie Krawcheck: Banks Weren't Fully Aware Of Risks They Were Taking Going...
Going into the financial crisis, banks weren't fully aware of the risks they were taking, Sallie Krawcheck tells our very own Henry Blodget. Krawcheck, who held senior positions at Citigroup and Bank...
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JPMorgan's CFO Douglas Braunstein Is Expected To Step Down
JPMorgan's chief financial officer Douglas Braunstein is expected to step down from his post sometime in the next two quarters, the Wall Street Journal first reported. According to the report,...
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Michael Lewis' Latest Column Brings Attention To The 'Forgotten Victims' Of...
Prolific writer and former Wall Streeter Michael Lewis is known for his amazing books, movies and profiles, but when he writes for Bloomberg, he tends to venture into satire. It's awesome. In his...
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