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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: investment bankers

investment bankers stories: 28 news summaries

1 - 20 of 28 Stories | 1 2 Next >>

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Wasserstein's Death Triggers $188M Payout

Lazard chief to go down as one of history's richest bankers

Oct 16, 09 4:17 AM CDT
(Newser) - It'll take more than just death to stop legendary Wall Street dealmaker Bruce Wasserstein making money. The Lazard chief's death on Wednesday triggered the vesting of $188 million in stock options, swelling a fortune recently estimated at $2.2 billion and cementing his status as one of the highest-paid bankers... More »

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executive compensation • investment bankers • banking • Bruce Wasserstein • Lazard

(AP) - Bruce Wasserstein, the CEO of Lazard Ltd. and one of Wall Street's most prominent dealmakers, is dead at 61. He had been hospitalized with an irregular heartbeat on Sunday. Wasserstein had been a fixture on Wall Street since the 1980s. He worked on such landmark deals as Kohlberg Kravis Roberts'... More »

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media • Wall Street • investment bankers • Bruce Wasserstein

 Palin to Make First Trip to Asia 

Former gov will speak at Hong Kong investment conference

Aug 31, 09 7:57 AM CDT
(Newser) - Once pilloried for her lack of foreign policy experience—except for Russia, which she said she could see from Alaska—Sarah Palin will make her first trip to Asia in September. The former Alaska governor will visit Hong Kong to address the CLSA Investors Forum, a prominent conference of global... More »

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investors • Asia • Hong Kong • investment bankers • speaking engagements • Sarah Palin • speaking fee

(Newser) - Citigroup will raise salaries for investment bankers and traders as much as 50% to offset a steep falloff in bonus pay and keep the company’s compensation package competitive, Bloomberg reports. Other employees, like those in the consumer banking section, will receive smaller raises. Citi, which took $45 billion in... More »

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Citigroup • executive compensation • salary • Citibank • investment bankers • bonuses • stock options • financial crisis • Wall Street bailout • traders • raise

 CIA Wants You, I-Banker 


May 28, 09 3:50 PM CDT
(Newser) - The CIA is looking for a few good bankers to track down millionaire bad guys and stymie financial terrorism, the New York Post reports. Ads on Bloomberg Radio ask money whizzes to use their “intelligence for the work of a nation.” The $160,000 salary will probably be... More »

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Wall Street • CIA • recruitment • hedge fund • investment bankers • financial sector • terrorism financing • professional

(Newser) - Main Street doesn’t hold a monopoly on victimhood, Gabriel Sherman writes in New York. From AIG execs and their disappearing bonuses to Wall Street bankers who get dirty looks, the once-privileged feel like they’re shouldering too much blame. “It is difficult to sympathize with these people,”... More »

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executive compensation • recession • financial services • investment bankers • tax policy • Obama administration • Wall Street bailout • economic downturn

Analysis

Wall Street Loses Sex Appeal as Big Guns Struggle


Talented people risk little by trying out
academia, government

Jan 27, 09 12:34 PM CST
(Newser) - The gravitational pull of Wall Street on the nation's best and brightest students has weakened dramatically, Andrew Ross Sorkin writes in the New York Times, as ridiculous pay packages and the thrill of risk-taking give way to layoffs and anxiety. "The whole cult and ethos of Wall Street, which... More »

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Wall Street • investment bankers • banking • John Thain • Tom Wolfe • hubris • financial crisis

Stockbrokers in High Demand
on Back-to-Basics Wall St.

Some, unlike disgraced investment bankers and traders, even command bonuses

Jan 13, 09 12:56 PM CST
(Newser) - With investment bankers and trading desks disgraced by crippling losses, the everyday stockbroker is enjoying a renaissance as Wall Street firms look to stay relevant to customers and investors, the Wall Street Journal reports. The likely deal between Morgan Stanley and Citigroup that would create the world’s largest brokerage... More »

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Wall Street • Citigroup • Morgan Stanley • investment bankers • portfolio • joint ventures • Smith Barney • brokers • financial crisis • traders

Jobs to Ditch Before the Recession Does It for You

Auto industry, real estate among worst fields

Jan 11, 09 4:56 PM CST
(Newser) - Want to keep your job this year? Steer clear of these professions, which a new study says will be hard-hit by the recession, Australia's News Network reports:
  • Car salesperson
  • Real estate agent
  • Investment banker
  • Prawn fisherman
More »

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real estate • employment • recession • unemployment • investment bankers • auto industry • job • financial crisis

 Panhandling MIT Grad Gets Job 

After a year on dole, and months into publicity stunt, banker rejoins workforce

Dec 24, 08 10:09 AM CST
(Newser) - Out-of-work investment banker Joshua Persky gained a lot of publicity when he hung a sign around his neck reading “EXPERIENCED MIT GRAD FOR HIRE,” and passed out resumes on the streets of Manhattan—but no job offers. His wife and kids left New York to live with family,... More »

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New York • job search • investment bankers • financial crisis

OPINION

  All Wall Street a Ponzi Scheme 

Wall Street's just a Ponzi scheme too

Dec 19, 08 8:12 AM CST
(Newser) - Bernie Madoff’s $50 billion fraud wasn’t all that different from what his Wall Street peers were up to, writes Paul Krugman in the New York Times. Oh sure, “Madoff allegedly skipped a few steps,” stealing the money without bothering to load up on debt, buy... More »

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Wall Street • fraud • investment bankers • Ponzi scheme • financial crisis • Bernard Madoff

Score Card on Late White House Rules Changes

Bush administration pushes through midnight regulations

Nov 21, 08 8:28 AM CST
(Newser) - With the  Bush White House pushing through a raft of last-minute rules, the nonprofit journalism group ProPublica offers a running list, with the status of each:
  • Business-friendly safety regulations would loosen restrictions on exposure to toxic chemicals in the workplace.
  • Local police would get increased surveillance ability.
... More »

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Bush administration • endangered species • environment • abortion • gun control • public health • domestic surveillance • investment bankers • workplace safety • George W. Bush • regulations • midnight regulation

High-Profile Arts Patron Guilty of 12 Fraud Counts

Alberto Vilar cheated investors to pay debts, fund opera companies

Nov 20, 08 8:41 AM CST
(Newser) - Alberto Vilar, the investment banker and one of the world's most generous opera patrons, was convicted yesterday on 12 counts of fraud, Bloomberg reports. Vilar told investors that he was putting their money in safe, government-backed assets; in fact, he bought risky tech stocks on margin, which quickly tanked. Vilar... More »

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philanthropy • fraud • investment bankers • Metropolitan Opera • white collar crime • investment fund • Alberto Vilar

Wall Street's Bonus Season 'Not Going
to Be Pretty'

Experts are predicting cuts of 20%-50%

Nov 6, 08 7:49 AM CST
(Newser) - For the second consecutive year, Wall Streeters are likely to see their wallets lightened by bonuses projected to be down 20% to 50% from a year ago, reports the Wall Street Journal. And while everyone is likely to be a little blue, the biggest loss of green may be... More »

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Wall Street • Goldman Sachs • investment bankers • bonuses • financial crisis

GLOSSIES

Times Tough for I-Bankers, in 'Marie Antoinette' Kind of Way

Tough times prompt some soul searching, but titans confident they'll regain Wall St. primacy

Oct 20, 08 3:26 PM CDT
(Newser) - With Wall Street in free fall, many of its elite I-bankers are seeing the status quo turned upside-down, Vanessa Grigoriadis writes in New York. Once at the top of the heap, working for companies that praised them as smartest people out there, some are fighting to survive on the Street,... More »

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Wall Street • Goldman Sachs • Morgan Stanley • Bear Stearns • Merrill Lynch • lifestyle • investment bankers • hedge funds • financial crisis

New 'Top-Dog' Careers
for Out-of-Work Bankers

I-banking may be dead, but opportunities are out there

Oct 9, 08 8:48 PM CDT
(Newser) - Now that the investment-banking party is over, what are all those hotshot bankers going to do? Bloomberg's Matthew Lynn takes a look at potential new "top-dog" careers:
  • African development. The pioneers who nurture African nations’ industry and infrastructure will be rewarded by the continent’s mineral resources and
... More »

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Africa • investment bankers • career • bankers • financial crisis

Opinion

 Wolfe: Stars Went to 
 Hedge Funds Long Ago 

Tom Wolfe watches as the Masters of the Universe flee New York for Greenwich hedges

Sep 28, 08 1:35 PM CDT
(Newser) - Tom Wolfe has been fielding a lot of questions about where the Wall Street crisis leaves the Masters of the Universe now, writes the author of the seminal book about the excesses of 1980s traders in the New York Times. But, he notes, the real investment banking superstars left for... More »

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Wall Street • New York Stock Exchange • Greenwich • investment bankers • Tom Wolfe • hedge funds

(Newser) - An investment banker in Kiev predicted the Georgian conflict two days before it occurred, Reuters reports. "So whaddaya think?,” Geoff Smith wrote on Aug. 5 to a fellow strategist at Renaissance Capital. “I say Saakashvili is going to 'restore the territorial integrity of Georgia' five minutes before... More »

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Russia • Georgia • war • investment bankers • Mikheil Saakashvili • investment banks • South Ossetia

Wall Street's Wealthy Can't Nab Apartments

With 7-figure bonuses in jeopardy, the rich lack buying power

Jul 12, 08 1:50 PM CDT
(Newser) - Manhattan’s most rabid real estate buyers are finding that a million-dollar bonus doesn't cut it anymore, the New York Times reports. With markets in turmoil, Wall Street bankers' staggering bonuses are in jeopardy, and apartment sellers are taking note. “They’re looking for people who have stable incomes... More »

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Wall Street • real estate • New York real estate • New York City • Manhattan • investment bankers • condominium

With No Body, Cops Doubt NY Banker's Suicide

'He's dead as far as I can throw him,' skeptic says of fraudster

Jun 11, 08 11:31 AM CDT
(Newser) - An international manhunt is now under way for a former hedge-fund manager who disappeared the day he was to begin serving a prison sentence for defrauding investors. A car belonging to Samuel Israel III was found Monday at a bridge over New York's Hudson River, the Wall Street Journal reports;... More »

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suicide • fraud • hedge fund • investment bankers • Samuel Israel • Bayou Group

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