Wall Street firms have failed to keep up with a stock market that’s boomed for more than five years, losing ground to industries including technology and health care.
The sharp decline in trading revenue at Jefferies Group is a sign of more pain to come on Wall Street.
It was 10 nights before Christmas, and all the way down Wall Street the coast was clear.
This practice has both cultural and legal benefits
More than 10 years after a crackdown on conflicts of interest at Wall Street investment banks, many of the biggest financial firms have been taken to task by a regulator for using their research analysts to curry the favor of a client in a stock offering.
As energy prices have been hammered in recent weeks, some of Wall Street's biggest players are nonetheless ready to write billion-dollar checks to finance a nearly $16 billion Gulf Coast natural-gas project for Cheniere Energy, according to documents and people familiar with the matter.
For much of the last two decades, bankers advising big companies have watched ruefully as they lost their once-dominant position on Wall Street to powerful traders.
Seems like everywhere you turn these days, there's a whistleblower breaking their silence and blowing the whistle on some form of wrongdoing. But, surprisingly, what we don't hear much about are Wall Street whistleblowers tapping into a giant $425 million jackpot just waiting to be distributed.
Some bankers will be wearing big smiles this holiday season - and here's why.