Tag:
financial services industry
Latest Headlines
Latest Headlines
Ex-Goldman Sachs employee-turned-Congressional staffer changed his name
We've discussed the problem of the revolving door when it comes to regulating the financial services industry. Most of the controversy stems from employees of government agencies quitting to work for the companies they once regulated, which raises a host of obvious legal and ethical questions.
Wall Street still likes President Obama
Wall Street has little but disdain and outright anger over the wave of financial regulation that reached its apex with the passage of Dodd-Frank. The vitriol has been heated. And yet even at a time when the angst over Dodd-Frank is still mounting, the financial services industry as a whole still s
Why is Goldman Sachs creating jobs overseas?
Is a new form of "outsourcing" underway in the financial services industry? Goldman Sachs' move to add about 1,000 jobs to its Singapore office has raised eyebrows. To hear FOX Business talk about it, the company is staffing up in Asia because it looms as a growth opportunity and it wants a st
Bank of America vs. WikiLeaks, Round II
Recall that a few weeks ago WikiLeaks founder Julian Assange spooked the financial services industry by promising another massive release of confidential information, this one from a major financial services firm. Assange said the documents just might "take down a bank or two."
Many people ass
Wall Street figures in elections
Has it come to this: The image woes of top banks--the likes of Goldman Sachs and Bank of America--have spread to the entire financial services industry and even New York City. We're seeing this acutely in political races. Any connection with big banks and Wall Street is used to pillory candidates.
FINRA backs option for arbitration panels without Wall Street rep
Bloomberg notes something interesting and unexpected when it comes to recent arbitration awards. A FINRA pilot program with 14 brokerage firms called for aggrieved customers to have the option to have their case heard by a panel with or without a representative from the financial services indu
Modest proposal: How to reign in moral hazard
Dodd-Frank fixes more than a few problems in the financial services industry. But the debate will rage for some time about whether it has fixed the problem of too-big-to-fail and moral hazard. One could easily argue that unless compensation practices are reigned in, banks will always be tempted to
Former partner defends Goldman Sachs against gender discrimination charges
Jacki Zehner proudly notes that she joined Goldman Sachs in 1988 "as an analyst in the mortgage securities department and two years later became a trader on the mortgage desk. By 1996 I was managing the fixed-rate trading desk, and was made a partner," she writes in Bloomberg .
"I was the y
Frenzy to hire bankers in London?
We've been talking recently about pink slips at U.S. banks over the next year or so. The hiring boom that many were hoping for never fully bloomed. But there is some selective hiring going on.
In London, where banks are in no better shape than U.S. banks, there's a big push now to add investme
Bank of America ramps up retirement services
The financial services industry has been talking for the longest time about the wave of retiring boomers, and how this group will transform financial services. It's one of those perpetual trends that can't be ignored but seems tired all the same. Bank of America Merrill Lynch ( NYSE: BAC ) appar
