JPMorgan Chase's cafeteria burgers may survive the current market, but the investment banking division can expect more job cuts, CEO Jamie Dimon said at a recent town hall meeting between top executives and employees, according to a CNBC report...
Active versus passive? That's an old battle. But the stakes have recently been raised: Can the S&P 500 beat a portfolio of funds of hedge funds? Warren Buffet says yes, when performance is measured net of fees, costs and expenses, and he's putting...
Smart decisions are based on more than government statistics, agency reports, news releases, interest rates and stock quotes. We've selected a few fascinating statistics below that illuminate the markets, the world of financial services and big...
If you work at one of the big national firms, we want to hear from you. We are now surveying our wirehouse readers for our 18th Annual Broker Report Cards (yes, we're still using the word for tradition's sake). How does your firm measure up to...
We know: The word broker is out of favor today, given that financial advisors are more advisor than broker. But we've been polling our readers about how satisfied they are with their firms for 18 years now (the survey is utterly confidential!). So...
Even in the toughest of times, Wall Street finds the cash to pad the pockets of its favorite politicians — or, at least, the politicians favored to win.
Can you ever have too many toilets? Well, yes. For residents of hedge-fund-manager and trader-haven Greenwich, Connecticut, 26 definitely exceeds the limit for a single home. Those who live on Simmons Lane, where Russian millionaire Valery Kogan...
Jail Time For Long Island Advisor A New York financial advisor was sentenced to five to 15 years in state prison for stealing more than $11 million from 53 clients. Peter Dawson, president of Uniondale, N.Y.-based BMG Advisory Services, plead...
