Economy - Finance > Investment

Barclays has lost a quintet of FIG bankers over the last month - and it shows how Jes Staley's bonus cuts may be affecting morale

29 days ago   |   By Business Insider

Barclays has lost five investment bankers from its Americas financial institutions group in the last month or so.
The bankers left due to a variety of individual factors, though some included the British bank's efforts to cut compensation costs in order to meet a year-end profitability goal.
Read more ...

 

Major retailers including Nordstrom, Macy's, and JCPenney reportedly joined Victoria's Secret in using a modeling agency with ties to Jeffrey Epstein

Major retailers including Nordstrom, Macy's, and JCPenney reportedly joined Victoria's Secret in using a modeling agency with ties to Jeffrey Epstein

29 days ago   |   By Business Insider

Several major retailers - including Nordstrom , Macy's , and JCPenney - reportedly worked with MC2 Model Management, the agency accused of supplying underage women to Jeffrey Epstein 's alleged sex trafficking operation.
According to Bloomberg , MC2 business partner Jeff Fuller approached CEO Jean-Luc Brunel in 2014 to voice concerns about Brunel's ties to Epstein, noting that he had received a "tremendous amount of worries from our clients."
Still, many brands continued to work with MC2. Bloomberg reported that a Nordstrom executive sponsored Brunel's application for a O-1 visa, granted...
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Bank of America's investment-banking hiring blitz continues with several more star dealmakers - including a Lazard veteran who worked on a $100 billion beer merger

Bank of America's investment-banking hiring blitz continues with several more star dealmakers - including a Lazard veteran who worked on a $100 billion beer merger

29 days ago   |   By Business Insider

Bank of America has poached several senior dealmakers just this month as its investment-banking hiring blitz continues.
The latest to join the firm is Jean Greene, a long-time Lazard banker who worked on a $100 billion brewery merger.
The bank has made more than two-dozen senior hires amid a substantial turnaround in fortunes from a disappointing 2018.
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Housing Starts increase to 1.364 Million Annual Rate in August, Highest in...

Housing Starts increase to 1.364 Million Annual Rate in August, Highest in 12 Years

From the Census Bureau: Permits, Starts and Completions Housing Starts: Privately‐owned housing starts in August were at a seasonally adjusted annual rate of 1,364,000. This is... Read more ...

The investment chief at $1.5 trillion Prudential Financial told us which...

The investment chief at $1.5 trillion Prudential Financial told us which sectors she's targeting to beat a stock market that looks 'overbought'

Prudential Financial chief market strategist Quincy Krosby says investors should still be willing to take some risks even though stocks look expensive and trade war fears... Read more ...

Major Red Flag: The Fed Shocks Everyone With An Emergency Intervention In...

Major Red Flag: The Fed Shocks Everyone With An Emergency Intervention In The Repo Market For The First Time Since 2008

For the very first time since the last financial crisis, the Federal Reserve has been forced to conduct an emergency intervention in the repo market. I know that a lot of... Read more ...

A quarter of millennials say most of their debt is credit cards, not student...

A quarter of millennials say most of their debt is credit cards, not student loans

Millennials who carry debt report owing an average of $27,900 in personal debt. Forty percent of millennials say their biggest source of debt is either credit cards or their... Read more ...

Fed has ‘no stomach' for doing the right thing of raising rates as crisis...

Fed has ‘no stomach' for doing the right thing of raising rates as crisis ‘worse than 2008' looms - Peter Schiff

With the US Federal Reserve expected to cut interest rates for the second time on Wednesday, Euro Pacific Capital CEO Peter Schiff has discussed with RT's Boom Bust what the... Read more ...

Fed Eyes Another Interest Rate Cut To Prop Up The Slowing Economy

Fed Eyes Another Interest Rate Cut To Prop Up The Slowing Economy

The Federal Reserve is widely expected to cut interest rates by a quarter percentage point. That could give a lift to the stock market but may not do much to help the economy... Read more ...

Salesforce brings AI power to its search tool

Salesforce brings AI power to its search tool

Enterprise search tools have always suffered from the success of Google. Users wanted to find the content they needed internally in the same way they found it on the web... Read more ...

FedEx tumbles 9% after slashing profit forecast, citing trade war and...

FedEx tumbles 9% after slashing profit forecast, citing trade war and recession fears

Joe Raedle/Getty Images Shares of FedEx plunged as much as 9% in after-hours trading on Tuesday after the company missed earnings expectations for the fiscal first quarter and... Read more ...

3 credit cards from Amex and Chase that offer great benefits to authorized users

3 credit cards from Amex and Chase that offer great benefits to authorized users

Many credit cards don't charge anything extra to add an authorized user , but some do. The Platinum Card® from American Express charges $175 per year for up to three authorized... Read more ...

Vouch, a startup that provides insurance for other startups, raises $24.5...

Vouch, a startup that provides insurance for other startups, raises $24.5 million from Ribbit Capital and Silicon Valley Bank in first outside financing round

On Tuesday Vouch, a startup that provides insurance to other startups, announced it raised $24.5 million in Series A funding led by Ribbit Capital and SVB Financial Group, the... Read more ...