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Wall Street Go Crazy with Flash Boys
Michael Lewis, author of Moneyball and The Blind Side has released his latest book, Flash Boys. It is a story about how Wall Street is rigged and people are making tons of money offering little to no...
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Top Players Move Change Barclays Leadership
Ros Stephenson is leaving Barclays to join UBS in the most recent of many top players to make an exit. He will assume a major role this fall in their corporate client solutions department, placing him...
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Investment Bank: Equity research income divided by 2
New regulations on how asset managers can spend money on research may have a chilling effect on equity research revenues in the UK. Starting on June , asset managers may only use client money for...
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Why Behavioral Finance May Be the Future of Stockpicking
Stock analysts and investors have discussed the concept of behavioral finance for over ten years. The main idea behind this concept is that the human brain makes flawed decisions, including those...
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Smart Hedge Fund Manager Says Time To Reduce Your Long Position
David Tepper is a man that gets a lot of respect. He is the founder of hedge fund Appaloosa management, and specializes in distressed companies and special situations. Tepper has been enormously...
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The 5 top jobs on offer at Bank of America, Merril Lynch, Morgan Stanley,...
According to Morgan McKinley, 8,955 new financial services jobs were created in London last month. That’s up from 5,355 in April 2013. With a statistic like that, it’s hard to argue that banks are not...
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Bonus Crash: JP Morgan Traders Exodus
There are a lot of disgruntled traders on J.P. Morgan floor. Industry experts are actually predicting that some senior J.P. Morgan fixed income traders may actually leave the company for other hedge...
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Reality Check: Goldman Stars Trader Can’t Make it Alone
Goldman Sachs proprietary traders were once held in a very high regard within financial circles. While the financial crisis eliminated plenty of traders, those at Goldman Sachs predominantly succeeded...
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FCA: Use $5bn client fee not to party or meeting but for research
A recent crackdown by the U.K. Financial Conduct Authority (FCA) has failed to prevent the huge commission payments shelled out to asset managers over the last year. According to an independent...
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What skill do you need as a junior trader in an investment bank? If any?
It was previously possible for traders working in investment banks to trade with the bank’s own money. They cannot do this anymore due to the ban in proprietary trading. They now just bring buyers and...
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