US
Company: Facebook
Thursday’s Headlines: Buyouts are Back – Smaller and More Boring Than Ever
Private equity is seeing a slow crawl back from the dark days of 2008, as companies have more money and are fetching bigger pricetags, reports The Wall Street Journal. Despite having bought $64.7 billion in purchases since the start of the year – the most since 2007 – the nature of the business may never be the same. […]
Thursday’s Headlines: Hedge funds are adding compliance staff
Transparency is the buzzword these days at the overwhelming majority of the nation’s hedge funds, according to a story in FIN Alternatives, a daily newsletter about hedge funds and private equity firms. A recent study by KPMG and the Alternative Investment Management Association shows that 98 percent of 100 hedge funds surveyed have hired additional […]
Friday’s Headlines: Wall Street to Get Bonus Bump
Forget shareholder outcry – banks are expected to boost bonuses by an average of 5 percent to 15 percent this year and will dedicate a larger portion of profits to comps, according to Reuters, which cites consultancy Johnson Associates (no relation to the author). Not surprisingly, fixed income traders can expect the biggest benefit from […]
Friday’s Headlines: Finance Loses its Campus Recruiting Luster
What has been a worry has finally manifested into a potential crisis: Investment banks can no longer count on recruiting top students from top schools, according to a DealBook story today. In 2008, 28 percent of Harvard grads went into finance, compared with just 17 percent last year. The blog quotes a Goldman recruiter who […]
Thursday’s Headlines: Terra Firma Chairman Urges Money Grubbers to Stay Away from Private Equity
Just interested in making money? Stay away from private equity, Terra Firma Chairman Guy Hands told attendees of the Harvard Business School Venture Capital and Private Equity conference, as reported by the Wall Street Journal. The paper quoted Hands saying: “If you are looking for a career just focusing on making money, please don’t come […]
Managing Your Online Identity
Have you ever wondered why you can’t seem to snag an interview with that elusive dream job? How do you come across on the Web? A recent survey found that most employers now use social media sites to vet candidates. Your online image may be keeping you from getting that invite. You want to catch […]
Financial Firms With Wealth Management Units Beware—Survey Shows Financial Advisors Do Better Going Independent
For financial advisors, transitioning to an independent business model can present challenges. But the rewards might make the change worth it, at least according to a new study from Fidelity Investments. Of the financial advisors polled, 76 percent reported that they were better off financially after moving to an independent business model. Of that number, […]
Thursday’s Headlines: How Facebook’s IPO Affected Banks
Facebook’s $5 billion IPO is big news for investors, users and Mark Zuckerberg haters. But it is also big news for the banks vying for a piece of the pie – especially since this offering is set to be the biggest Internet IPO to date. Morgan Stanley, J.P. Morgan and Goldman Sachs share lead roles […]
Credit Union Assets and Members Rising So Why Aren’t Jobs?
Credit union membership and assets are on the rise, according to the Credit Union National Association (CUNA), the industry’s trade association. Whether it’s a response to rising bank fees or the banking crisis, credit unions are surely benefiting from the mutiny of traditional banking customers. Job creation among credit unions however has not been as […]
Friday’s Headlines: Banks face off for the Facebook IPO in 2012
While this year may have been a dud in terms of IPOs, banks are getting cut-throat in their efforts to win rights to oversee the offering of social media giant Facebook, according to a Wall Street Journal article, which notes: “The deal will be one of the most hotly contested offerings of the decade, with […]
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