President Barack Obama’s critique of trader bonuses at Wall Street banks as still risky to the economy drew objections from financial executives who said the compensation system already has been fixed.
Citigroup has bought Deutsche Bank's U.S. power trading books, the latest move by the bank to build its energy trading business as other Wall Street rivals retreat, two sources said on Tuesday.
The first time I heard about a Wall Street guy buying a brand new Porsche, but being unable to drive it off the lot because he didn't drive stick, I was equally mystified and amused. But by the third time, I realized it wasn't so abnormal.
The World Cup match between the U.S. and Belgium looks like a great case of timing the market.
You couldn't make it up!
Someone has gotta pay.
Neil Barofsky, a frequent critic of Wall Street and government bailouts, has been tapped to monitor Credit Suisse after the bank admitted to helping Americans evade taxes, a person familiar with the matter said.
Jefferies, the investment bank owned by Leucadia National Corp, said net trading revenue dropped in the fiscal second quarter as institutional investors continued to shy away from stocks and bonds.
The Securities and Exchange Commission has sounded a warning to Wall Street and corporate America, taking aim at a hedge fund not only for improper trading - but for punishing the employee who blew the whistle on the wrongdoing.
For Wall Street interns, the most important job is to get the lunch order right. Seriously. Tips from a former managing director.