The bank’s profits were up 56% from a year ago. It is the only bank so far this quarter to report higher fixed income, commodities, and currencies trading revenue.
A graph on the Bloomberg terminal shows the number of pets lost, injured, or killed each month on U.S. airlines.
“I’m gonna make as much money as I can, and spend it on money.”
“About four percent” of applicants who want to be analysts at Goldman Sachs got the job in 2013.
Wall Street’s chief enforcement agent, Preet Bharara, said in a speech before the Security Industry and Financial Markets Association (SIFMA) that it won’t be too long before “a significant financial institution will be charged with a felony or be made to plead guilty to a felony.” Bharara has been a leading advocate for holding institutions themselves, and not just people, accountable for crimes and has aggressively been going after financial firms and white-collar criminals in particular.
“If you don’t hold them accountable, it’s Groundhog Day, you’re going to get a big settlement and they’re going to do it again in a couple years,” Ben Lawsky told BuzzFeed.
Why hedge-fund millionaire Sam Polk finally decided to call it quits.
The vesting of deferred stock paid out to bankers five years ago helped swell Wall Street’s bonus pool to $26.7 billion, the highest since 2007. The average bonus grew 15% to $164,530 in 2013.
Seamless is your only true friend.
A million dollars isn’t cool.
Peter Tuchman has been on the floor of the New York Stock Exchange for almost 30 years. He’s seen it all, and if you’ve read a Wall Street-related story over that time, you’ve probably seen him.
This quarter last year, they lost money on just two days. All of last year, it was just 14. Ouch.
Facebook’s stock rose 15% just after the report came out, but it gave back most of those gains during the earnings call. Still, it’s the second quarter in which Facebook has delivered a blowout report, and the stock has more than doubled in the past year.
Plus kids in the most adorable Breaking Bad costumes, a baby delivered by a McDonald’s staff, and 10 urban legends about movies explained.
Twitter is finally going public. But why would Twitter go public?
Ford stands to benefit, and the other of Detroit’s Big Three should see growth as well, contrary to Wall Street’s prevailing opinions of the sector.
BuzzFeed conducted a highly unscientific, informal survey in the bars of Stone Street to find out what goes on in a finance bro’s heart. Based on a random sample of fellows from Citigroup, Deutsche Bank, and Goldman Sachs, we found that for the bros of Wall Street, the line between feeling objectified and doing the objectifying is blurry.
Paul Sahner of NYC Grid has put together an amazing set of side-by-side comparisons of the city throughout the decades.
The actions of hedge fund manager Bill Ackman have sent J.C. Penney into a three-year tailspin. Now that he is gone, the question everyone is asking is if the damage he inflicted is permanent.
A great question from Daily Show’s John Oliver is masterfully avoided by Democratic Senator Kirsten Gillibrand.
When it hits 98 degrees at lunch on Wall Street, you almost have to feel sorry for these guys. Almost.
A helpful guide to Wall Street relationships.
Did I say “intern”? I meant
Wall Street’s little bitch summer analyst.
Bart Chilton, the commissioner of the Commodities Futures Trading Commission, wants stronger financial regulations. He also loves movies. On Thursday, he combined those two things into the best financial reform speech ever.
BuzzFeed has obtained the “Golden Pitchbook” used by top brokers at John Thomas Financial. In its pages: How cold-calling brokers pressure prospects to buy stocks from the troubled firm.
The city has undergone some major changes since the Roaring ’20s. RIP old Penn Station.
Politics (and political conventions) make strange bedfellows.
Putting the “burn” back in Burning Man.
The Ultimat (terrible name) campaign, which inartistically panders to the uppercrust, launched last Fall. But their latest ad actually name-checks the $11+ millionaires.