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More stock to Wall Street employees?
The troops are no doubt restive at top Wall Street firms. It's tough to get any work done when the job axe is swinging. The Financial Times reports that Lehman Read more...
Dimon making mass recommendations for Bear workers
Normally, a recommendation letter from the CEO of a top Wall Street firms would be much coveted, perhaps a deciding factor in landing a job. But what if the CEO was sending such letters out en masse, Read more...
Pimco sees hiring opportunity in Wall Street crunch
Pimco is making it known on Wall Street that it is hiring. It has apparently approached between five and 10 top banks, presumably via HR, and asked them to inform pink-slipped employees of openings Read more...
Is Citigroup too big to manage?
Few companies generate press like Citigroup. Fortune at least asks an interesting question: is the banking behemoth too big to manage? Well, Read more...
Top banks eyeing sovereign wealth funds
For all their controversy, the top investment banks sense that sovereign wealth funds represent a huge opportunity. We're talking trillions of dollars that must be deployed. Several top banks are Read more...
Bear Stearns new hires face tough world
Bear Stearns new hires, the ones fresh out of school especially, are getting a hands-on lesson in business cycles. It was their misfortune to come out at a time when the industry is really swooning. Read more...
Goldman Sachs report: Heavier writedowns coming
There's a certain Wall Street cynicism at play when it comes to Goldman Sachs research. A lot of people assume that a really bearish report signals a large short position Read more...
JP Morgan Chase luring more Bear Stearns employees
We've noted that Jamie Dimon, CEO of JP Morgan Chase, met with top investment bankers at Bear Read more...
Will JP Morgan keep Alan Schwartz?
At what remains of Bear Stearns, CEO Alan Schwartz isn't exactly inspiring warm and fuzzy feelings. The top executives are incensed that he let JP Morgan Chase steal Read more...