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bankers
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Latest Headlines
Gorman vs. Moynihan on employees
Morgan Stanley CEO James Gorman took a hard line on employees who were miffed about their declining compensation.
On Bloomberg Television , he said his message would be: “You’re naive, read the newspaper, No. 1. No. 2, if you put your compensation in a one-year context to define your overal
Traders vs. bankers in 2011 compensation game
For good reasons, bankers may be sensing a big win in the compensation game for 2011.
Traders' pay would appear to be vulnerable right now. After a middling first quarter, the second quarter was downright horrible at a lot of top banks, including Goldman Sachs. And that will undoubtedly affect
Do layoffs show bankers now support traders?
The conventional wisdom on Wall Street is currently that top banks will be forced to layoff staff.
It's already happening. Bank of America (NYSE: BAC ) has been paring jobs in its capital markets units; about 3 to 5 percent of jobs may be cut, according to media reports. At some financ
Goldman Sachs: Bankers vs. traders
The banker vs. trader divide on Wall Street is nearly mythic; it's the stuff of novels really. Who can forget the real-life war that wracked Lehman Brothers' Kuhn Loeb, so wonderfully chronicled by Ken Auletta in Greed and Glory on Wall Street . The divide at Goldman Sachs ( GS ) was discusse
Hedge funds on a hiring binge?
We've noted before that lots of laid-off bankers, traders and analysts will have trouble finding a job. Some will have to transition into a new line of work. The lucky ones will find work in the alternative investments universe. And right now, there is reason for hope. The Financial Times repo
