So how bad is it really for interns and junior bankers at investment banks that are putting limits on work hours ?
Setting the benchmark ?
Sad to report.
Aleksander Efrosman, the former hedge-fund manager who fled the U.S. after swindling his clients out of $5m and gambling away most of it at a casino, was sentenced to more than 15 years in prison.
Dennis Lynch, along with the 18-member growth investing group he leads at Morgan Stanley, was named domestic stock fund manager of the year by Morningstar.
Bank of America took in more investment-banking fees than larger rival JPMorgan for the first time since acquiring Merrill Lynch during the financial crisis.
Global investigations into alleged currency market manipulation intensified on Wednesday as U.S. regulators descended on Citigroup's London offices and Deutsche Bank suspended several traders in New York, sources told Reuters.
Citigroup reported fourth-quarter profit that missed Wall Street estimates as bond trading slumped.
Sir Hector Sants, who resigned from his role at Barclays just two months ago due to stress and exhaustion, is being lined up by the Archbishop of Canterbury to lead a new financial taskforce.
Most banks are losing money trading stocks in Europe when their cost of capital is considered, said the top equity derivatives executive at BNP Paribas.
NEA partner and venture capital investor Rick Yang on what to expect in 2016 when it comes to Silicon Valley, start-ups and funding.
Through 1913 and into 1914, J Pierpoint Morgan spared no expense in the construction of an imposing headquarters that might suitably represent his reputation as the era’s pre-eminent financial baron – a lair for the capitalist’s capitalist smack in the heart of Wall Street.
More than 800 bankers in the UK were paid at least €1m (£736,000) by four major US investment banks in 2014.