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Goldman Converts Interns

Bloomberg reports that Goldman Sachs has made 600 fewer entry-level hires this year, and almost 90% of those who did make the payroll had previously interned at the firm.

Morgan Stanley Hiring Coup

The Wall Street Journal reports that Morgan Stanley has tapped former Merrill Lynch President Greg Fleming, who joins as President of the firm's investment management unit. He will also be responsible for Merchant Banking.

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Foot In Mouth

New York tops billionaire birth list

More billionaires have been born in New York City than in any other city in the world, according new research by U.K.-based luxury magazine Spear's and research company WealthInsight.