Tag:
traders
Latest Headlines
Latest Headlines
Three insider trading arrests on deck
The Financial Times reports that federal authorities will arrest three former traders at hedge funds as early as next week, marking an expansion of their already hugely successful insider trading probes.
It's unclear exactly who will be arrested. In any case, the arrests will follow the mu
Jon Corzine: The hazards of a celebrity CEO
Bloomberg offers an arresting story about just how powerful a presence Jon Corzine was at MF Global.
From the start, Corzine was accorded rock star status, which he apparently abused gratuitously in order to keep boosting the company's bets on European sovereign debt. The article stated th
Traders: Worse than psychopaths?
So what does it take to be a good trader?
A new study from Switzerland has taken a look at the behavior of 28 financial traders in a decision-making game and concluded that, as a group, they exhibited strong psychopathic behavior. They were prone to lying and cheating and were even more uncoop
Massive internal rift hampers Morgan Stanley
All is not well in the Morgan Stanley empire. And once again, the source of friction is that time-honored divide pitting bankers against traders.
Bloomberg offers an arresting inside peek at the power struggle between Colm Kelleher, 54, "a gregarious former fixed-income salesman," and Pau
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
More traders seek hedge fund employment
Ever since debate over the Volcker Rule started up, even before Dodd-Frank was passed, people have been wondering whether sell-side traders would make their way to hedge funds. Now that the dust is settling on the bonus season, Reuters speculates we may see a mass movement to hedge funds by pr
Citigroup hire reveals shift to bankers?
Are bankers poised to regain their influence at top Wall Street banks? Perhaps. One sign of the times may be the hiring of energy banker Stephen Trauber by Citigroup ( NYSE: C ). He was an esteemed banker for UBS in Houston before being lured away by a huge pay package extended by Citigroup.
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
CDS affirmations in the spotlight
The CDS market has, in many ways, revolutionized modern finance. Growth continues to explode, with CARG expected to be in the high 70 percentile range over the next few years. A lot of ink has been
