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Securities Firms

Wall Street Will Cut 80,000 Jobs In 18 Months, Says Former Analyst

Bloomberg | Yalman Onaran | Posted 05.25.2011 | Business

Securities firms around the world will cut as many as 80,000 jobs in the next 18 months as revenue growth begins to slow, said Meredith Whitney, the f...

Wall Street Logs Best Quarter Since Credit Crisis Erupted

Wall Street Journal | Posted 05.25.2011 | Business

The securities firms still standing on Wall Street are about to close the most lucrative quarter since the credit crisis erupted. And instead of re...

Bankers Face Grim Truth: Worst Is Yet To Come

New York Times | MICHAEL J. de la MERCED | Posted 05.25.2011 | Business

As the credit crisis sweeps wildly through Wall Street, major investment banks face a grim truth about their already-slumping profits: the worst is ye...

While Shareholders Weep, Wall Streeters Bag $38 Bil In Bonuses

Bloomberg | Christine Harper | Posted 05.25.2011 | Business

Shareholders in the securities industry are having their worst year since 2002, losing $74 billion of their equity. That won't prevent Wall Street fro...