The investing guru's massive success will be difficult, if not impossible, for newcomers to repeat, he says.
As business students pack up their belongings after graduation, fewer are listing hedge funds as a top destination, while private equity and startups are becoming more attractive.
UK lenders have shunned the latest offer from the Bank of England for emergency liquidity ahead of the EU referendum, just two days before voters head to the polls.
Sad to report.
Credit Suisse CEO Tidjane Thiam said hedge funds are wrong to assume that the bank will have to raise additional capital after the shares touched a fresh all-time low last week, according to two people with knowledge of the matter.
JPMorgan has promoted Lori Beer to chief information officer for corporate and investment banking, replacing Mark Ashton-Rigby who left recently for Barclays.
Rabobank has struck a partnership with Kepler Cheuvreux, Europe's largest independent broker, and will shed its own equity research and brokerage team, the bank said on Tuesday.
The jury in the London trial of five former Barclays traders charged with conspiracy to manipulate global Libor interest rates retired to consider its verdict on Monday after hearing more than 10 weeks of evidence.
Jonathan Conway, Barclays’ head of credit restructuring in Europe, the Middle East and Africa, has left to join private-equity firm KKR & Co.’s Pillarstone business, according to a person with knowledge of the matter.
The apology from Wells Fargo CEO John Stumpf doesn't answer questions about the bank's fake accounts scandal, analyst Michael Mayo says.
CEO John Stumpf tells a Senate panel Wells Fargo "failed to fulfill our responsibilities to our customers, our team members and the American public."
Sen. Elizabeth Warren lit into the CEO of Wells Fargo, blasting him personally and saying he should resign.