Tag:
Wall Street
Latest Headlines
Latest Headlines
Compensation permanently lowered
So how bleak is it on Wall Street right now?
N ew York magazine's "The Classifieds: A Workplace Confidential" series features a former Lehman Brothers investment banker who says this about the current environment: "You're just waiting to get killed off. We all got wiped out in '08. My o
Ruth Porat takes a stand on higher taxes
Top executives at Wall Street firms do not often like to charge headfirst into controversial political matters, preferring instead to work private channels. But Morgan Stanley CFO Ruth Porat doesn't seem to mind weighing in on the issue of higher income taxes on the ultra-wealthy.
At a recent
Harvard students protest Goldman Sachs
We're seeing more Occupy-like protests crop up Ivy League schools, the traditional feeding firms for top Wall Street institutions.
Students at Columbia and Yale have previously attracted attention for their efforts. Harvard has become the latest. The Crimson reports that "Occupy Harvard we
Theodore Forstmann passes away
One of the true Grand Old Men of the financial services industry has passed away.
Theodore Forstmann was 71 when brain cancer finally put an end to his career over the weekend. The alternative investments industry and much of Wall Street promptly hung their flags at half-mast. Forstmann Little
Fraudulent algorithmic hedge fund busted
For many people, even in the current lull, high-frequency trading based on abstruse mathematical model sounds like a prescription for fortune.
While making money is never that easy, there's a sucker born every minute when it comes to wanting to cash in on the latest and greatest on Wall Street
Tear gas used on Occupy Wall Street protestors
Mass protest movements have historically benefited when violence erupts. That sad fact has been proven again by Occupy Wall Street movement.
The unfortunate tear gassing of protestors in Manhattan not too long ago, captured on YouTube for the world to view, most likely fueled media coverage, r
The big picture on SEFs
The term "swap execution facility" (SEF) still vexes a lot of financial services professionals who happen to work outside of the OTC derivatives markets.
It's an ungainly moniker--but not as bad as "dark pool" from a PR perspective--that nevertheless signifies an important development o
Bank officials grapple with branch-level protests
It's still too early to gauge how meaningful the Occupy Wall Street movement will ultimately prove.
Certainly, it is an expression of populist anger, but it's unclear how deep and lasting that anger will be. That it coincided with Bank of America's much-discussed debit card fee hike is certain
Poll: 83% of Bank of America customers want out
The brouhaha over Bank of America's $5 debit card fee has not gone away just yet.
The bank's customers continue to voice their displeasure, thought the big question remains: Will they ultimately punish the bank by voting with their feet?
An online spot poll from TheStreet.com has found
Big job losses coming in New York
Since January 2008, the securities industry in New York has nixed 22,000 jobs. While the employment situation seemed to improve a bit last year, the woes of Wall Street this year are once again sinking the jobs count.
The New York state comptroller, which keeps a close eye on the industry's em
