06/04/2015
Barclays banker's 10 crazy commandments for summer interns
Rule 5: "Never take your jacket off at work. This is investment banking, ladies and gentlemen."
Investment Banking
06/03/2015
Reform Ex-IM Bank, Don't Aboish It
There’s a clear lack of public knowledge about what the institution actually does.
06/03/2015
Jamie Dimon Is Now a Billionaire, and He Got There in an Unusual Way
Dimon’s fortune derives from a $485 million stake in New York-based JPMorgan, where he’s been chief executive officer since the end of 2005, and an investment portfolio seeded by proceeds from Citigroup stock sales.
06/01/2015
‘Wolf of Wall Street’-style coke party at jumper’s luxury apartment: cops
Evidence of an epic, cocaine-fueled party straight out “The Wolf of Wall Street” has been discovered inside the million-dollar apartment of an investment banker who plunged to his death
06/01/2015
Citigroup Likely to Close Banamex USA
Citigroup is expected to shut down unit that has been battered by accusations of weak money-laundering controls
05/29/2015
Ex-Lehman CEO: 'Why don't you bite me?'
It's unclear what exactly that means, but it is clear that Fuld has something of a sense of humor.
05/29/2015
JPMorgan Said to Plan Thousands of Job Cuts to Trim Expenses
The New York-based bank may cut more than 5,000 workers by next year, the Wall Street Journal reported Thursday, citing people familiar with the matter.
05/29/2015
S. Parker Gilbert, Who Led Morgan Stanley, Dies at 81
He was 81 and for years had been suffering from chronic obstructive pulmonary disease, said his son Parker.
05/27/2015
Evercore Announces acquisition of Frankfurt-based investment banking advisory boutique
Its client base includes international investment firms such as Cerberus and Blackstone, as well as leading German corporates and family offices.
05/27/2015
Goldman Sachs Group Inc, Morgan Stanley And Bank of America Corp Top Bank Bonus Chart
Directors at Goldman Sachs paid the most bonuses this year
05/27/2015
TD Bank to Buy Nordstrom U.S. Credit-Card Portfolio
Retailer’s existing portfolio totals about $2.2 billion in receivables
05/26/2015
Brazil Examines HSBC Clients Who Put $5.4 Billion in Switzerland
The Receita Federal tax agency found Brazilians stockpiled those funds in 1,702 accounts at the end of 2006 after it reviewed data obtained through an agreement with French authorities
05/22/2015
Chicago says banks will give it a pass on penalties after cut to junk
Chicago’s loss of its investment-grade rating gave banks the right to require the city to repay debt early
05/21/2015
How Morgan Stanley became Silicon Valley's favorite US bank (again)
Fairly blamed or not, after Facebook offering, Morgan Stanley saw its rank
05/20/2015
Investment banks' revenue rise 9 percent in first quarter
Revenue at the world's 10 largest investment banks rose 9 percent to $44.9 billion in the first quarter compared to a year ago
05/20/2015
Jefferies Aids Apax Payout in Deal Big Banks Said to Avoid
Jefferies is stepping in as the Federal Reserve and Office of the Comptroller of the Currency continue a push started in 2013
05/19/2015
Mizuho Securities USA Expands U.S. Equity Team
Telesco joins MSUSA after fifteen years at Credit Suisse
05/18/2015
Bank of America engaged in big equities hiring. How top bankers reward their wives
Bank of America does not have a top equities sales and trading business
05/18/2015
HEDGE FUND TITAN: Do something more creative than intern at Goldman Sachs
Hedge fund titan Michael Novogratz, the president of Fortress Investment Group, wants kids he hires to do something else other than just intern at Goldman Sachs or a top consulting firm.
05/15/2015
Citigroup Closes Exclusive Credit Program Following Swiss Franc Losses
‘Alternative Credit Program’ clients were fast-tracked through less intensive version of bank’s normal credit checks