JP Morgan Executive Announces Retirement after $2 Billion Trading Loss
One of the highest ranking women in Wall Street, Ina Drew, Chief Investment Officer, has become the first casualty of JP Morgan Chase’s $2-billion trading gaffe. The bank announced Monday, in a press release that More...
May Day Occupy Protesters Hit Oakland Hard
Just hours ago, tear gas was used by the Oakland Police as they responded aggressively to protesters that got out of hand. Today, protesters through out the Bay Area gathered peacefully to fight for economic justice More...
Wall Street 2011 Bonuses Lowest since 2008 But Still Exceed GDP Of Paraguay
Wall Street bonuses for 2011 were $19.7 billion, which reflects a decrease of 14% from 2010 and is the lowest since 2008. That works out to an average $121,000 bonus per employee. The decrease was due to significant More...
Is This What a Cover Letter to Join the 1% on Wall Street Looks Like?
Despite being able to do 35 pull ups – there is still an error in the letter. See if you can find it (answer below) The applicant forgot to find and replace all the “Morgan Stanley’s” from More...
Wall Street Considering Wage Freeze for Junior Bankers
With a slump expected in investment-banking revenue, Wall Street is contemplating a compensation freeze at the junior banker level reported Bloomberg. Credit Suisse is leaning towards freezing wages and ceasing More...
Growing Number of Americans and Canadians Flock to Williston, ND for Work
Thousands of job seekers are making their way to Williston, North Dakota in an attempt to find work, in some cases spending their last dollars just to get there. Williston, with a population of around 20,000, was More...
Morgan Stanley Plans to Cut 1,600 Jobs
Morgan Stanley, the only Wall Street bank to avoid major job cuts thus far this year, announced Thursday that it would fire 1,600 employees in the first quarter in an effort to cut costs as trading and banking revenue More...
Downsizing Activity Report – November Layoffs Show Little Change from October
Employers in the U.S reported job cuts totaling 42,474, down 0.7 percent from 42,759 in October, according to the latest report on downsizing activity from global outplacement firm Challenger, Gray & Christmas, More...
Occupy Wall Street vs. We are Wall Street – Opinion
One month ago I posted Wall Street’s (The Street) “response” to the Occupy Wall Street Movement (Occupy). There were a number of very strong comments made by readers, some for Occupy and some for the Street. More...
Protesters and Police Clash in Largest Action to Date
Thousands of Occupy Wall Street demonstrators and union members flooded the city, overwhelming officers nationwide, as part of a planned “mass day of action.” The movement took to the streets of New York to More...
