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The Insulting Lines A John Thomas Financial Broker Might Use When A Client Wants To Speak To His...
Buzzfeed's Mariah Summers has obtained a copy of John Thomas Financial's "Golden Pitchbook" - a compilation of cold calling scripts/scenarios for the firm's most senior brokers. In case you're not already familiar, John Thomas is the brokerage firm founded and run by "Wall Street 2" actor Anastasios "Tommy"...
businessinsider.com (9 hours ago) read full article at businessinsider.com
New Survey Says Bankers Are Drinking Or Praying To Deal With Stress
Wall Street is a stressful place, and everyone has their own coping mechanism. To get a sense of how bankers are dealing with the long nights, the deadlines etc. eFinancialCareers conducted a survey with 14 activities (and an "other") that respondents might be using to loosen up. Most people responded with fairly...
businessinsider.com (13 hours ago) read full article at businessinsider.com
Meet The Occupy Wall Street Dominatrix Who Protested Outside JPMorgan Today
So this happened outside JPMorgan's headquarters in New York today... Please follow Clusterstock on Twitter and Facebook. Join the conversation about this story »
businessinsider.com (1 day ago) read full article at businessinsider.com
Financial Weapons Of Mass Destruction Are Back
What Warren Buffett once called "financial weapons of mass destruction" are firing again, with securitization and shadow banking at post-financial crisis highs. The twin powers of bank funding that helped propel the nation into turmoil have regained ground swiftly, and analysts say it's both a challenge for...
businessinsider.com (1 day ago) read full article at businessinsider.com
A Late Merrill Lynch VP's Historic Chicago Townhouse Is On Sale For $9.95 Million
The ivy-covered historic Chicago townhouse that belonged to a late Merrill Lynch vice president is on the market for $9.95 million, the Wall Street Journal reports. The home located in Chicago's Gold Coast neighborhood was built in 1896, according to a listing from Rubloff Properties. The most recent occupants were...
businessinsider.com (1 day ago) read full article at businessinsider.com
Shareholders Sound Off In Favor Of Splitting Dimon's Roles After He Finished A Rousing Speech On...
After surviving a vote on whether or not he should keep his dual role as CEO and Chairman of the largest bank in the U.S., Jamie Dimon gave a super positive speech about JP Morgan to a room full of shareholders. The speech had a warm, Mighty Ducks victory kind of feel to it, but it didn't stop shareholders from...
businessinsider.com (1 day ago) read full article at businessinsider.com
The Most Feared Bank Analyst On Wall Street Faces Off Against Jamie Dimon Today
CSLA bank analyst Mike Mayo is going to be at the JP Morgan shareholder this morning in Tampa, says the Wall Street Journal. We imagine CEO Jamie Dimon's thrilled about that. Dimon faces a controversial vote as to whether or not he should remain both CEO and Chairman of the board at JP Morgan. Mayo - known for being...
businessinsider.com (1 day ago) read full article at businessinsider.com
25 People You Should Meet Who Can Help Get You A Job In Banking
If you want a job in banking, you will need to network. A failure to properly engage and to direct applications to named individuals is one reason why your attempts to land a job in banking may fail. With this in mind, we’ve provided a non-comprehensive, non-alphabetical, sort of off-the-cuff list of some of the...
businessinsider.com (1 day ago) read full article at businessinsider.com
The Rise And Fall Of JP Morgan's Jamie Dimon, America's Most Powerful Banker
JP Morgan is sometimes called 'The House of Dimon' for the all encompassing presence of its CEO, Jamie Dimon. For years he has been unquestionably the most powerful banker in the United States, and as such, the de facto voice of Wall Street. But over the last year that has slowly changed. His friends in Washington...
businessinsider.com (2 days ago) read full article at businessinsider.com
Inside A Big Charity Fishing Tournament That's Quietly Stacked With Wall Streeters
On Friday, we went to the Fishermen's Conservation Association's 15th annual Manhattan Cup - a "catch and release" charity tournament. The event raised funds and awareness for the Wounded Warriors Project, superstorm Sandy relief, Hooked-for-a-lifetime (taking inner city kids fishing), Catch A Cure (cystic fibrosis...
businessinsider.com (2 days ago) read full article at businessinsider.com
CalPers Votes To Split Jamie Dimon's Role
Bloomberg reports that CalPers, The California Public Employees' Retirement System, has voted to split the roles of Chairman and CEO at JP Morgan, stripping Jamie Dimon of his dual title. JP Morgan shareholders have been voting on this measure for some time now, and it's been a hot debate for years. Last year 40% of...
businessinsider.com (2 days ago) read full article at businessinsider.com
The Most Powerful Banker In America Could Have His Wings Clipped This Week
As you read, shareholders of JP Morgan are deciding if CEO Jamie Dimon will keep his job as he knows it. Dimon, widely considered the most powerful banker in the country, holds the positions of both CEO and Chairman of JP Morgan's board. It's the largest bank in the U.S., and complaints from regulators, and the...
businessinsider.com (3 days ago) read full article at businessinsider.com
9 Formulas Need To Know To Pass The CFA
On June 1, thousands of Wall Streeters will take the Charted Financial Analyst (CFA) exam and many of them are probably freaking out right about now. Consisting of three levels, the CFA is considered to be the most difficult test on the Street with fewer than 20 percent of candidates passing all three on the...
businessinsider.com (4 days ago) read full article at businessinsider.com
15 Reasons Why Wall Streeters Are Crazy About Del Frisco's, And Named It Their Favorite Restaurant
A bit over a month ago we polled Business Insider's Wall Street readers to find out where bankers, traders, and the like really enjoy grabbing a meal. After letting the survey marinate for a bit, a winner began to emerge - Del Frisco's Restaurant. To be honest, we were a little shocked. Del Frisco's is Texas-based a...
businessinsider.com (5 days ago) read full article at businessinsider.com
Bloomberg Broke Two Of The Eight Cardinal Rules Of Wall Street
1st rule of Wall Street: You do not talk about what goes on here. 2nd rule of Wall Street: You DO NOT talk to ANYONE about what goes on here. 3rd rule of Wall Street: If someone stops out, get a margin call, or go broke - it is over. 4th rule of Wall Street: Only two counterparties to a trade. 5th rule of Wall...
businessinsider.com (5 days ago) read full article at businessinsider.com
Danielle Chiesi Got Out Of Prison Early And Is Living In A Bronx Halfway House
Danielle Chiesi, the former beauty queen turned stock analyst who went to prison for giving insider tips to Raj Rajaratnam, is back in New York. Bloomberg News reports that she's currently staying in a half-way house in the Bronx after completing 15-months at Federal Prison Camp in Alderson, West Virginia (a.k.a....
businessinsider.com (5 days ago) read full article at businessinsider.com
The 15 New York Restaurants That Wall Streeters Love The Most
Everyone has to eat, even if they're working insane hours. Wall Streeter's (on top of having to eat) must also entertain clients. So they need to know something about decent food in NYC. Here at Business Insider, we like to keep tabs on where people are actually taking their expense accounts, or business associates,...
businessinsider.com (5 days ago) read full article at businessinsider.com
Watching The Goldman Sachs IPO As An Analyst Was A Huge Lesson About Entrepreneurship
This is a continuation of a theme started earlier, in this post On Entrepreneurship, Part I Founding an investment firm A friend from college once explained to me that, growing up, he didn’t realize his family was wealthy. His dad worked at an investment firm, and they had a comfortable lifestyle, but my friend...
businessinsider.com (5 days ago) read full article at businessinsider.com
Here's The Wall Street Version Of The Famous 'Those That Can, Do' Saying
You know the old phrase: "Those that can, do. Those that can't, teach." In his final note, Morgan Stanley strategist Gerard Minack applies it to Wall Street: I’ve always said that those that can, do; those that can’t, broke; and if you can’t broke, consult. On that basis I’m off to do the latter, after a three month...
businessinsider.com (5 days ago) read full article at businessinsider.com
BERNIE MADOFF: I Am Responsible For My Son's Death And I Can't Sleep
Convicted ponzi schemer Bernie Madoff, who is serving a 150 year prison sentence, told CNN Money's Aaron Smith that he blames himself for the death of his oldest son. From CNN Money: "I was responsible for my son Mark's death and that's very, very difficult," he said. "I live with that. I live with the remorse,...
businessinsider.com (6 days ago) read full article at businessinsider.com
Prince Harry Has Crazy Swag, And Other Observations From Yesterday's Charity Polo Match In Greenwich
There's something about having the British royals around that makes Americans of all ages act like it's 1964 again and the Beatles just landed. Prince Harry's latest tour of the country was no exception. Week-long trip was marked by a seemingly endless barrage of pictures of girls crying/staring adoringly/ squealing...
businessinsider.com (6 days ago) read full article at businessinsider.com
Bret Easton Ellis Explains How He Got The Inspiration For Those Super Gruesome Scenes In...
Brett Easton Ellis, the author of "American Psycho" (the scariest book written about Wall Street) and several other must-read novels, did a Reddit "Ask Me Anything" the other day. It was a pretty good AMA and we'd recommend reading the full thing. Here's an excerpt. (Note: This has been lightly edited for...
businessinsider.com (6 days ago) read full article at businessinsider.com
Former Bear Stearns CEO Jimmy Cayne Says Jamie Dimon Critics Are Just 'Jealous'
Bloomberg's Max Abelson and Nick Summers have a Businessweek cover story "DIMON IS FOREVER. Why Jamie Dimon Is Wall Street's Indispensable Man" ahead of the big vote over whether or not to separate the roles of CEO and chairman. For the story, Bloomberg caught up with Jimmy Cayne, the former CEO of now-defunct...
businessinsider.com (6 days ago) read full article at businessinsider.com
Chris Christie May Have Mistaken A Bald Goldman Employee For Lloyd Blankfein
Reuters's Laura Tara LaCapra reports that New Jersey Governor Chris Christie visited Goldman Sachs' 200 West Street headquarters yesterday for a conference. It seems like the Republican governor may have mistaken a bald Goldman employee for the bank's CEO Lloyd Blankfein. From Reuters: (emphasis ours) Christie,...
businessinsider.com (6 days ago) read full article at businessinsider.com
How The Bubonic Plague Actually Saved Europe In The 14th Century
Studying the history of financial crises can be quite enlightening. Deutsche Bank's Peter Hooper just published an interesting report considering crises going back to the Middle Ages. Referring to the work of Juesus Huerta de Soto, Geld, Bankkredit und Konjunkturzyklen, and Stuttgart, Hooper summarizes what happened...
businessinsider.com (7 days ago) read full article at businessinsider.com
Here's Adorable Live Footage Of A Falcon And Her Chicks Nesting On A Wells Fargo Skyscraper
We came across this amazing live camera of a mother falcon and her baby chicks nesting on One Wells Fargo Center skyscraper in Charlotte, North Carolina. If you go to ~19:40, you can see the chicks eating their breakfast. Enjoy! Watch below: Please follow Clusterstock on Twitter and Facebook. Join the...
businessinsider.com (7 days ago) read full article at businessinsider.com
Sallie Krawcheck Is Buying Women's Networking Group '85 Broads'
Sallie Krawcheck, the former head of global wealth management at Merrill Lynch, has been quiet about her next career move since leaving Wall Street. We've been eager to find out what she will do next. CNBC's Kate Kelly reports that Krawcheck just purchased women's networking group 85 Broads, which was once a...
businessinsider.com (7 days ago) read full article at businessinsider.com
Long-Time Apple Investor Julian Robertson Has Dumped His Entire Stake In The Company
Julian Robertson's Tiger Management has filed its latest 13F regulatory filing with the Securities and Exchange Commission. During the first quarter ended March 31st, Tiger Management dumped the rest of its stake in Apple, the filing shows. The hedge fund held 42,125 during the fourth-quarter of 2012 ended December...
businessinsider.com (7 days ago) read full article at businessinsider.com
Meet The Private Equity CEO Playing On Prince Harry's Polo Team This Afternoon
Prince Harry is in New York City, and the entire town has gone completely mad about him. Tomorrow he'll play in The 3rd Annual Sentebale Royal Salute Polo Cup in Greenwich, Connecticut for Sentebale, a charity he launched to benefit needy children in Lesotho. And as it so often happens in Greenwich, Wall Street will...
businessinsider.com (7 days ago) read full article at businessinsider.com
This Is How One Of Carl Icahn's Colleagues Knew He Would Be Massively Successful From A Young Age
Bloomberg News' Zeke Faux has this fascinating story about billionaire Carl Icahn from his early days on the Street working as a young broker. This is an unconfirmed story, but we could totally see this happening. From Bloomberg News: Billionaire investor Carl Icahn’s first Wall Street job was at Dreyfus &...
businessinsider.com (8 days ago) read full article at businessinsider.com
