It’s part of a trend as firms in New York look to lower costs
CEO of Japanese online broker, and former Goldman Sachs trader, says cryptocurrencies will catch on, just like derivatives did in the 1980s.
For Wall Street banks, treating clients to the 45-day dry-aged bone-in rib eye at Delmonico’s in Manhattan may now cost the full $65, thanks to President Donald Trump’s tax law.
As Wall Street's financial giants get set to report first-quarter earnings and provide a look ahead for the days to come, hopes are high. Corporate profits overall are expected to have risen 17 percent for the three-month period, but the financial sector has drawn especially keen interest.
Mike Novogratz's cryptocurrency merchant bank Galaxy Digital has hired Richard Kim from Goldman Sachs as chief operating officer, according to a person familiar with the matter.
Securities industry profits rose dramatically in 2017 for the second consecutive year and the average bonus paid to industry employees in New York City jumped 17% to reach $184,220 according to an estimate released Monday by New York State Comptroller Thomas P. DiNapoli.
Sad to report.
Now is the time to buy bitcoin, according to a new "misery index" for the cryptocurrency created by a Wall Street strategist.
Temper expectations. Wall Street probably won't see the kind of charging bull market gains seen in 2017, says J. P. Morgan Private Bank's Monica DiCenso.
For the second straight year.
The crisis profoundly affected stock trading, hurting some trading businesses while dramatically helping others. It accelerated some trends and stopped others in their tracks.
Warren Buffett says “a disproportionately low number of people” from Wall Street have committed to the Giving Pledge.
Whether cryptocurrencies and the technology that powers them will reshape the financial system remains to be seen. What’s not in doubt is their ability to transform the career paths of bright young minds on Wall Street.