Wall Street

"Let's take a look at your numbers." It was only days after 9/11, when he'd narrowly escaped his World Trade Center office, and this comment from his manager made Jack Alvo snap. He quit his six-figure job at Morgan Stanley and began a decade-long career path that would end in an unlikely spot: As a New York ...

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 ...

Planned layoffs at U.S. firms rose for the third month in a row in November, partly driven by the bankruptcy of Hostess Brands, a report showed on Thursday. Employers announced 57,081 job cuts last month, the highest level since May and up nearly 20 percent from 47,724 in October, according to the report ...

Most people couldn't pull off the feat of leaving a stable career to pursue a passion and develop it into a $1 billion company. But that's the experience of Alexis Maybank, the founder and chief strategy officer of Gilt Groupe Inc., the members-only online shopping website. ...

GENEVA -- Swiss banking giant UBS AG is to cut as many as 10,000 employees, or some 15 percent of its staff, to drastically shrink its ailing investment bank. The news of the layoffs came as Switzerland's biggest bank posted another big loss for the third quarter. It said Tuesday that the job cuts are part ...

By Linette Lopez Ask an investment banker to tell you what they think their bonus will look like, and you're really asking about the health of their corner of Wall Street. That's why eFinancial Careers' survey on Wall Street bonus expectations is so fascinating. Between September 25th and October 3rd, ...

By Lauren Tara LaCapra If the ancient Greek philosopher Diogenes were to go out with his lantern in search of an honest many today, a survey of Wall Street executives on workplace conduct suggests he might have to look elsewhere. ...

By Lauren Tara LaCapra (Reuters) - Wall Street bankers are bracing for another round of job cuts as a downturn in the global economy cuts into earnings from dealmaking, capital raising and lending. Investors, consultants and analysts say that the big banks are just not bringing in the revenue needed to ...

By Stephen Gandel Perhaps the only thing more broken than Wall Street's business model is its staffing strategy. After adding thousands bankers in the past two years, financial firms again appear to be on the verge of cutting that many positions and then some. Consultants and Wall Street recruiters say ...