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Wachovia turnaround underway?
The pressure is on for Robert Steel, the new CEO of Wachovia, who has raised the number of jobs the bank will cut. The AP reports that in a quarterly SEC filing, the bank Read more...
Now hear this: Morgan Stanley is hiring
People tend to assume that getting hired on Wall Street right now is all but impossible--with all the layoffs. For John Mack, CEO of Morgan Stanley, that spells Read more...
Cautionary tale of a Citigroup trader sent to prison
In May 2007, an ex-Citigroup energy derivative trader named Craig Gile was sentenced to a year and a day in jail after pleading guilty to one count of conspiracy. Read more...
Citigroup to combine debt and equities units
Financial News Online reports that Citigroup has plans to combine its equity and debt capital markets origination divisions into a single unit. The move follows Read more...
More on SWFs and top banks
We've noted that sovereign wealth funds, despite the political controversy, represent a vast source of new business of Wall Street firms. IDD fleshes out the idea a bit. Read more...
See this week's featured jobs and top stories ; provided by eFinancialCareers.com
Featured career opportunity:Portfolio Manager Emerging Markets, PIMCOThis position is responsible for trade execution,
Read more... A way to end the auction rates securities mess?
It's so easy to forget about the auction rate securities mess. But the fact remains that more than $300 billion remains tied up in this near-frozen market. Issuers, lots of municipalities and Read more...
Hedge funds to set standards
The movement to set private industry hedge fund standards took a step forward today. "Best practice" guidelines, from two Read more...
10 days that shook Wall Street
The implosion of Bear Stearns was nothing if not stunning for its sheer speed. Fortune offers an interesting reconstruction of the final 10 days. It still amazes me Read more...