Monday, 26 August 2013

Goldman puts four on leave after glitch

Wall Street Job Report Newsletter
August 26, 2013                   
08-26-2013 12:46:21 PM

Goldman Sachs has put four senior technology specialists on leave after an embarrassing trading glitch that is likely to cost the bank tens of millions of dollars. The decision to place the employees on administrative leave was made following last Tuesday's (...)Read the rest of this entry »....»

 

08-26-2013 13:06:54 PM

In the 1990s, U.S. banks came up with a clever idea: using life insurance to bet that their employees would eventually die. Now those wagers are coming back to haunt Wall Street banks for reasons that have little to do (...)Read the rest of this entry »....»

08-26-2013 13:02:36 PM

Muriel "Mickie" Siebert, the first woman to become a member of the New York Stock Exchange, has died of complications of cancer at age 80. Siebert died Saturday of complications from cancer at Memorial Sloan-Kettering Cancer Center in New York. (...)Read the rest of this entry »...»

 

08-26-2013 12:58:44 PM

The U.S. Commodity Futures Trading Commission is preparing to reveal a laundry list of potential options to increase oversight of high-speed and automated trading, an agency official said on Friday. The CFTC will likely approve the release of a report, (...)Read the rest of this entry »...»

08-26-2013 12:52:33 PM

Loans that default in middle-market collateralized loan obligations may have greater impact than assets in CLOs that bundle debt from larger companies, making the selection of a manager more important, according to Wells Fargo & Co. (WFC) In broadly syndicated CLOs, (...)Read the rest of this entry »....»

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08-26-2013 13:17:13 PM

If you're considering going to Wall Street, you should really know what you're getting into. Yes, you will get paid better than average people all over the world. Yes, you will get to learn new things constantly, and yes, you (...)Read the rest of this entry »....»

 

08-26-2013 13:13:12 PM

We're all guilty of the occasional typo, just not one with such drastic consequences. Israel Corporation, one of Israel's largest companies, saw its share price plunge 99.8 percent in a matter of minutes Sunday thanks to a trader typing error, according to (...)Read the rest of this entry »...»

08-26-2013 13:44:28 PM

Two Brevan Howard Asset Management LLP credit traders left in recent weeks, as the firm scales back after its biggest hedge fund had the worst monthly loss since 2008 in June, two people with knowledge of the matter said. Wayne Leslie, 38, (...)Read the rest of this entry »...»

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