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How Wall Street is coining it: Michael Lewis’ take
Good, clear analysis from author Michael Lewis on last night on 60 Minutes on how Wall Street is currently coining it, taking advantage of the largesse of government support for markets. This is hardly...
View ArticleWhy Wall Street culture matters
It is hard to believe now but there was a time before the credit crisis that the culture of investment banks had not always been linked to reckless greed and buccaneering. Yes their darker dealings,...
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Will small be beautiful for the new Wall Street?
Occupy Wall Street protestors rally in front of the New York Stock Exchange on March 30, 2012. Image by Getty Perception tends to lag events, a phenomenon from which a lot of Wall Street bankers are...
View ArticleWall St ‘rolls on’ while the City stalls
The contrast between the rhetoric of James Gorman, chief executive of Morgan Stanley, and that of his Barclays counterpart Antony Jenkins – in interviews with, respectively, the FT and the BBC –...
View ArticleFT column: Banks should keep out of mines and warehouses
When Goldman Sachs bought the commodity trading house J Aron in 1981, it also took on Lloyd Blankfein, then a salesman of silver coins. Thirty-two years later, Mr Blankfein is Goldman’s chairman and...
View ArticleFT column: JPMorgan has made itself a target for regulators
Not long ago, Goldman Sachs was Wall Street’s lightning rod, attracting bad publicity and interventions from regulators. Its place has been taken by JPMorgan Chase.Read more
View ArticleWall Street’s sense of bonus entitlement is delusional
No-one emerges well from the legal battle between Goldman Sachs and Deeb Salem, its former mortgage trader who claims that his $8.25m bonus for 2010 amounted to severe underpayment. It is no wonder...
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