By Julia La Roche and Joe Weisenthal
Sometimes we get forwarded applications for summer internships on Wall Street that are extremely embarrassing because the applicant is totally full of themselves or completely clueless. What happens is the letters go viral and the Street passes them around in long email... Read More »
(Reuters) - Morgan Stanley plans to cut 1,600 employees starting this week, two people familiar with the matter said on Wednesday, in the latest sign of a pullback on Wall Street as revenue from trading and deal-making remains in the doldrums.
The staff reduction pertains to Morgan Stanley's institutional... Read More »
Over the last decade, companies have paid out millions of dollars in sex discrimination suits when business has mixed with topless pleasure. But a new case out of Maine falls into more of a legal "gray area," according to an employment law expert, and reported by The Portland Press Herald.
Every year,... Read More »
Wall Street is facing a crisis even worse than the financial meltdown of 2008, reports New York magazine in a sweeping cover story. As pieces of the Dodd-Frank financial-reform act come into effect, revenues are plummeting, bonuses are getting slashed, and firms are selling off chunks of office space.
"If... Read More »