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Meet the man turning Goldman Sachs into a 'frictionless' machine
It's a tough world out there for investment banks.Stricter capital and market transparency rules are hitting trading revenues, while weak global growth is putting at risk entire banking business...
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Macquarie cut 15% of US investment bankers
(Reuters) - Australia's Macquarie Group shed close to 15% of its US investment banking workforce this month to replenish its ranks with star performers in North America, according to people familiar...
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Barclays' corporate FX chief has left the bank
Barclays' head of foreign exchange for corporate clients, Gareth Noble, has left the bank, according to a person familiar with the matter.Noble was a managing director. He led the team responsible for...
View ArticleTHE STORY OF GOLDMAN SACHS: From foot peddlers to a powerhouse
Today Goldman Sachs is a revered financial institution – but it wasn't always a powerhouse on Wall Street. Edward Morris, author of "Wall Streeters: The Creators and Corruptors of American Finance,"...
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Goldman Sachs is launching a bank account for ordinary people — not just the...
Goldman Sachs is getting in on the online-only bank action, offering a digital savings account at a rate of 1.05%. And you can open it with a deposit from as little as $1.That means it's no longer just...
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Not making a loss is considered a success for Deutsche Bank
Expectations for Deutsche Bank are low.So low in fact that a 58% fall in quarterly profit produced a near 4% rise in its stock price.Here's the chart:The figures don't look great.Net income at Deutsche...
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Now you can bank with Goldman Sachs even if you're not a millionaire
Goldman Sachs is getting in on the online-only bank action, offering a digital savings account at a rate of 1.05%. And you can open it with a deposit from as little as $1.That means it's no longer just...
View ArticleHow Merrill Lynch changed the way people are paid on Wall Street
Bank of America acquired Merrill Lynch in 2012, but the latter firm's legacy is still present in the world of finance. Edward Morris, author of "Wall Streeters: The Creators and Corrupt ors of American...
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Pretty soon there's going to be investment banking for law firms
You can’t invest in American law firms—yet. But it’s only a matter of time.We live in an age where just about any income-generating asset one can imagine, from home loans to professional football...
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Here's how the 'Spotify for the investment research’ lets analysts make money...
Times are bad for investment analysts.Last month, Nomura, one of the largest Japanese banks, slashed hundreds of jobs as it shut down parts of its European equities business, with the research...
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Morgan Stanley is the latest bank to try this tactic to keep investment...
Morgan Stanley is offering newly promoted vice presidents a paid sabbatical in a bid to stop them defecting to tech startups of hedge funds, according to the Financial Times.A source told the FT on...
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Deutsche Bank is shuffling its wealth-management team
Deutsche Bank is reshuffling its wealth-management team in the UK, promoting the head of compliance to run the day-to-day operations of the department.Lindsay Nicholls-Smith, who now oversees wealth...
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If you want to make it as an investment banker, there’s one program you...
The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships so we may get a share of the revenue from your purchase.If you want to make it as an...
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A recent Goldman Sachs junior banker launched a podcast to explain everything...
Ever wonder what an investment banker actually does?If you've ever heard terms like "IPO" or "DCF" tossed around without a clue as to what they mean — or speculated about 100-hour workweek horror...
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The simplest explanation of investment banking we've ever heard
You may know what investment bankers tend to look like, or what kind of qualifications they usually have — but how much do you know about what Wall Street bankers actually do?Alan Li, a former Goldman...
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Bankers bring cake and silly props to pitch for new business — according to a...
It's called a "bake-off," and for investment banks looking to land a role on a big initial public offering, it's a critical time.That's when bankers will, one after the other, try to convince a...
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A huge US bank is ignoring Brexit warning signs and is buying a new £300...
Wells Fargo, the world's biggest bank by capitalisation, has given a huge vote of confidence in London's future as a financial hub even after the expected British exit from the European Union, signing...
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Investment banking jobs are among the most prestigious positions in all of...
The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships so we may get a share of the revenue from your purchase.The world of investment banking can...
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A step-by-step guide on making a critical career move to land the Wall Street...
Investment banking interns are just over halfway through their stints on Wall Street, and it's time to start thinking about the next step.Many interns will receive full-time offers in the coming weeks,...
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This is the slow death of investment banking in 4 charts
Investment banks are under pressure.Regulation, sluggish economic activity, and political uncertainty have all combined to depress revenues.Tougher capital and conduct rules, in the wake of the...
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