Wall Street bankers and traders, given hope by a market rebound in the first quarter, are now seeing earnings and paychecks threatened by turmoil in…
New York City balanced its $68.7 billion spending plan for fiscal 2013 with revenue from $7.3 billion in Wall Street firms’ first-quarter profits, state Comptroller…
Wall Street has good reason to be rattled by the news that Goldman Sachs laid off senior personnel, including managing directors, last week. It is…
Things have never been better for the ‘wages of sin’….
Wall Street pay is rising, while income for normal Americans has stagnated.
Even as the real economy limped, financial firms paid employees a record sum last year, the Wall Street Journal re…
Analysts Prove Perilous as Contrarian Stocks Rise 165%
By Matt Walcoff and Lynn Thomasson – Jan 10, 2011
Following the advice of equity analysts may be perilous for your profits.
Companies in the Standard & Poor’s 500 Index that analysts loved th…
September 26, 2010
Raters Ignored Proof of Unsafe Loans, Panel Is Told
By GRETCHEN MORGENSON
As the mortgage market grew frothy in 2006 — leading to a housing bubble that nearly brought down the banking system two years later — ratings agencies ch…