Cuckold's Web Vendetta Wrecks Banker's Career

Falling revenues behind expected 40% plunge

(NEWSER) - The latest news from Wall Street is likely to leave most ordinary Americans dry-eyed. Year-end bonuses for bankers and traders are expected to be down sharply this year, plunging up to 40% to their lowest level since the financial crisis, according to a closely watched industry forecast. A bond trader who is also a managing director at a top securities firm would have received a bonus of some $2.9 million last year, but will have to make do with $1.8 million this year, the Wall Street Journal reports. More»

New York comptroller predicts blow to economy

(NEWSER) - It looks like a lot of Wall Street denizens will be joining the ranks of the unemployed soon, New York’s state comptroller warns in a report released today, predicting that the securities industry will shed nearly 10,000 jobs by the end of 2012. The industry has already cut 4,100 jobs since April, and deeper cuts are likely inevitable, as several companies have announced that they’re cutting costs, the Wall Street Journal reports. More»

First she's flogged 200 times

(NEWSER) - The Taliban publicly flogged a pregnant Afghan widow some 200 times before shooting her to death for having sex. Her lover escaped. Bibi Sanubar, 35, "was shot in the head in public while she was still pregnant," deputy provincial police chief Ghulam Mohammad Sayeedi told Agence France Presse . Officials found out about the execution because her body was dumped in an area under government control. More»

(USER SUBMITTED) - Seems the titans of Wall Street, and here we mean the private equity buyout shops including Warburg Pincus, Carlyle, TPG, and KKR, have amassed $500 billion to buy companies. Their problem? Not enough to buy and rising prices for what is out there. Plus it's a lot harder to leverage deals with debt in a post-bank-meltdown world. Read the full article . More»

More than ever, experienced insiders are scooping news organizations

(NEWSER) - Many high finance blogs just “stink,” David Weidner writes, but discerning “Wall Street junkies” can depend on a few that engage top talent and often scoop major news organizations. He runs down 10 of the best news and analysis sites in the Wall Street Journal , “skipping the stockpickers or pure investing sites.”

• The Big Picture: Fund manager Barry Ritholz's site is "beautiful," "updated frequently," "written in plain English," and counts Nouriel Roubini and the Fed as readers.