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partnership

Latest Headlines

Latest Headlines

Goldman Sachs partners stepping down in droves

Being named a Goldman Sachs partner may seem like the crowning achievement of a lifetime. You become an instant rock star in financial services circles. But like most rock stars, the fame is often short-lived, though many end up faring well on the nostalgia tour. Goldman Sachs partners who do

Goldman Sachs names MDs, still a big deal

Goldman Sachs has named 272 managing directors this year, the company announced. That's a fairly sizable number and reflects the bank's strong performance perhaps. Last year, only 94 made MD, the smallest number since 1999, when the bank went public. For the second year in a row, the Times

How to get things done at Citi

It's no surprise that government regulators wield a lot of power at Citigroup, which is fitting given that it owns 34 percent of the company. But if a glimpse of the process behind the replacement of the former CFO is any indication, the relationship is not an easy one to manage. The Financi

Career advice from Goldman Sachs power women

Goldman Sachs executives hosted a breakfast this week for the 32 mentees as part of the Fortune /U.S. State Department Global Women Leaders Mentoring Partnership. Dina Powell, Goldman's head of corporate outreach and former assistant Secretary of State for Condoleezza Rice, held court. Here

More bailout detail coming soon

The god-awful reaction to Bailout 2.0 has prompted Treasury Secretary Tim Geithner to arrange for another release, this one with more details, reports CNBC . The critics were pretty savage in attacking the new secretary for what some thought was shocking lack of details. The biggest issue r

The future of Bear Stearns

And so a new era begins at Bear Stearns. I see this as a somewhat sentimental transition: Jimmy Cayne was one of the Grand Old Men of Wall Street, as was Ace Greenberg, his mentor. They really ran the firm the old-fashioned way, as a partnership, which the top firms no longer are. The new gua

The real likelihood of higher taxes on rate hikes

The private equity industry is certainly mobilizing. Their footprint is being felt in Washington, as evidenced by

Blackstone IPO: It's on--and soon

A week earlier than expected, Blackstone will price its IPO --probably on Thursday. It will

Merrill Lynch, Carver in interesting partnership

Merrill Lynch is pursuing more customers from underbanked areas via a new partnership with Carver Federal Savings Bank. Carver branches in Harlem and Fort Greene, Brooklyn will house Merrill

NYSE inches closer to Euronext deal

Good news for the New York Stock Exchange: Deutsche Bourse apparently has given up on its attempts to merge with Euronext. That seems to leave the field open for the