Hedge funds suffer worst start to year since 2008

Receading Hedge

Hedge funds have suffered their worst start to the year in performance terms since the financial crisis, as returns in March and January were both in the red after a volatile quarter for equities, new data reveal.

Morgan Stanley in upside surprise

Morgan Stanley building

Morgan Stanley reported profit that beat analysts’ estimates as a surprise jump in fixed-income results helped the firm post the only increase in trading revenue among the six biggest U.S. firms this year.

Goldman beats the Street on investment banking

Goldman Sachs Logo

Goldman Sachs, the Wall Street firm with the highest return on equity in 2013, reported earnings that topped analysts’ estimates as investment-banking revenue jumped to the highest level since the financial crisis.


Michael Lewis - Flash Boys

Michael Lewis: 'Wall Street has gone insane'

On a sliding scale of difficulty, writing a general-interest book about high-frequency trading is slightly harder than making baseball statistics interesting, but easier than animating the role played by quantitive analysis in the 2007 financial collapse.

Barclays Canary Wharf

Report - Barclays CFO: no credible plan investment bank

In recent private meetings with analysts and investors, Barclays' new finance chief, Tushar Morzaria, surprised attendees with a frank admission, according to participants: The bank doesn't have a credible plan for what to do with its sprawling investment bank.