Investment Banking

No, Social Security Is Not Broke

The Huffington Post | Mark Gongloff | Posted 04.24.2012

There's good reason to doubt that the Trojan Horse entered Troy on this very date in 1184 BC, but there's no doubt you need to know seven and one half...

8 Jobs That May Be Bad For Your Health (And What You Can Do About It)

The Huffington Post | Amanda L. Chan | Posted 02.21.2012

According to a recent study from the University of Southern California, Wall Street life may not be as great as it seems -- at least, when it comes to...

How Working On Wall Street Will Make You Sick

The Huffington Post | Alexander Eichler | Posted 02.15.2012

The life of a Wall Street banker is glamorous -- if you don't mind grappling with alcoholism, eating disorders, Crohn's disease and arthritis. Thes...

Is Banking Immoral? Wrong Question.

Jedediah Purdy | Posted 03.21.2012

Jedediah Purdy

This is how we've learned to talk about our economy: as a matter of personal virtue and vice, from the overdrawn consumer to the one-percenter with the fifteen percent tax rate and some senators' private numbers in his iPhone.

Global Investment Banking Fees Plunge To Three-Year Low

Posted 01.04.2012

LONDON, Jan 4 (Reuters) - Global investment banking fees hit their lowest level for three years in 2011, costing $5 billion in lost income compare...

The Investment Banking Profession As We Know It Is Over

Bloomberg | William D. Cohan | Posted 12.27.2011

We are witnessing the decline and fall of the investment-banking profession as we have known it for the past 40 years. The evidence is everywhere. ...

How UBS Hijacked an Aviation Legend

Jim Egan | Posted 02.05.2012

Jim Egan

In pursuing a brand comeback strategy, UBS' "We Will Not Rest" ad campaign is false and misleading, and reveals a UBS orientation in stark contrast to its claims.

Top 10 Ways You Know You Are Dealing With an Investment Banker

John R. Talbott | Posted 01.18.2012

John R. Talbott

I got introduced to speak at Occupy San Diego tonight as an ex-investment banker from Goldman Sachs. So, I started my talk by saying, "I was an investment banker, and I'm sorry." I then went on to list the top ten ways you know you are dealing with an investment banker.

Rebuilding Wall Street: The Yoga of Investment Banking

Monika Mitchell | Posted 01.08.2012

Monika Mitchell

My dear friend Rasanath was revealed as a born-again banker in his new incarnation as Bhakti Yoga monk. RD left the gilded halls of investment banking two weeks before the fall of Lehman in September 2008 to take a vow of poverty and chastity in search of deeper truth.

Goldman May Cut More Jobs Than Previously Indicated

Posted 11.27.2011

Goldman Sachs Group Inc may cut $1.45 billion in expenses by year's end, $250 million more than it indicated in July, in a move that could lead to...

BofA Cuts Investment Bankers In Industrials Group

Posted 11.21.2011

Bank of America Corp (BAC.N) dismissed 13 investment bankers in its industrials group and may cut more, Bloomberg reported on Tuesday, citing two ...

The Strategy Of Rogue Traders

Jared Dillian | Posted 11.20.2011

Jared Dillian

I was an ETF trader at Lehman Brothers, so I had the same job as Kweku Adoboli, the UBS trader arrested recently for concealing $2 billion in losses. And I gotta tell you: it is hard to go rogue in the electronic age.

Alexander Eichler

Junior Investment Bankers Unhappy With Paychecks, Direction Of Their Industry: Survey

HuffingtonPost.com | Alexander Eichler | Posted 10.25.2011

As their industry shifts focus and work becomes ever more demanding, junior investment bankers are saying they're less satisfied with their jobs, acco...

The Bhagavad Gita And The Value Of Vulnerability

Ramnath Subramanian | Posted 10.25.2011

Ramnath Subramanian

In this culture, I have grossly and subtly ingested the notion that I should not have any weakness -- so much so that when I came in touch with my natural human limitations, it was painfully embarrassing.

The Time Not to Act

Mellody Hobson | Posted 10.04.2011

Mellody Hobson

The big umbrella statement, however, is that as scary as this period may seem, this is not the time to radically alter your own personal financial journey.

Ex-Lehman Brothers Director Arrested, Charged With Drug Prescription Forgery

Posted 08.29.2011

A former Lehman Brothers managing director has been arrested on charges of forging a prescription to buy drugs. Bradley Jack, formerly of the faile...

Goldman Sachs Plans To Hire 1,000 In Singapore While Cutting U.S. Jobs

The Huffington Post | Bonnie Kavoussi | Posted 08.27.2011

Goldman Sachs, the country's fifth-largest bank by assets, plans to hire 1,000 people in Singapore while laying off a significant number of workers at...

Grumps, Dreamers, Bean Counters, Cool Cats and Shills: The Taxonomy of High Profile Economists

Howard Steven Friedman | Posted 07.13.2011

Howard Steven Friedman

The dismal science has bred a fascinating collection of prominent species. While many economists toil away in obscurity, a small set of economists rise to fame, fortune or even both.

Goldman Sachs' Profit Drops Nearly Three-Quarters From Last Year

Posted 06.19.2011

NEW YORK (Reuters) - Goldman Sachs Group Inc posted stronger-than-expected quarterly profit, earning more money from bond trading than analysts ha...

The Knotty Problem of Partial Regulation

Robert Teitelman | Posted 05.25.2011

Robert Teitelman

Today there's sensitivity to the dangers of regulatory arbitrage when regulatory regimes widely vary either nationally or internationally -- although, so far, there are few answers to resolve this beyond gestures toward coordination.

Suits: A Woman on Wall Street

Manisha Thakor | Posted 05.25.2011

Manisha Thakor

"I'd heard the banking experience would be 'challenging,' but I didn't expect it'd be so hard to break into a conversation of men in their late 40's sharing their rowing memories from their East Coast summer camps."

Wall Street Has Become Socially Worthless

The New Yorker | John Cassidy | Posted 05.25.2011

A few months ago, I came across an announcement that Citigroup, the parent company of Citibank, was to be honored, along with its chief executive, Vik...

Morgan Stanley Earnings Jump In 4Q

AP | PALLAVI GOGOI | Posted 05.25.2011

NEW YORK — Morgan Stanley's earnings rose 60 percent in the last three months of 2010 on strong investment banking results. The New York bank e...

Investing Do's and Don'ts for 2011

Dan Solin | Posted 05.25.2011

Dan Solin

Don't rely on predictions by anyone about the direction of the markets or what to buy or sell in 2011. No one can predict random events. If your broker couldn't call the worst crash in 50 years, why do you believe his predictive skills have improved?

Goldman Sachs Posts Strong Quarter, Despite Lower Trading

AP | STEPHEN BERNARD | Posted 05.25.2011

NEW YORK — Goldman Sachs Group Inc.'s earnings easily beat analysts' forecasts again, but the bank saw a big slowdown in trading, its most profi...