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Wall Street Bonuses in a Bailout Year?

Oct 28, 2008 @ 11:23 AM By Ivy Schmerken,

Wall Street firms are setting aside billions of dollars to make bonus payments to employees after receiving $1.25 billion in taxpayer money this week from the government to shore up their balance sheets.

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More Wall Street Job Losses: Mergers and the Redundancy Factor

Oct 28, 2008 @ 09:24 AM By Ivy Schmerken,

There is some buzz that additional mergers are on the horizon. According to a CNBC news report yesterday, Goldman Sachs had a flirtation with Citigroup but Citi’s CEO Vikram Pandit turned down the overture.

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Catching Up With Mike Plunkett

Oct 23, 2008 @ 11:24 AM By Ivy Schmerken,

When Mike Plunkett, who was president of Instinet North America, left the electronic brokerage firm two weeks ago, it came as a surprise to many of in the media that had talked to him over the years.

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Michael Douglas' Gekko Character is Back!

Oct 16, 2008 @ 10:36 AM By Ivy Schmerken,

Hollywood wants to cash in on the global financial crisis. Actor Michael Douglas is interested in reprising his role as Gordon Gekko, in a sequel to the 1980s movie “Wall Street.”

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An Agency Trader Reflects on Panic Selling

Oct 10, 2008 @ 02:17 PM By Ivy Schmerken,

With the stock market falling 600 points on the open this morning after yesterday’s huge loss, this is definitely taking a toll on everyone especially traders who are on the front lines. I picked up the phone and called back Joe Saluzzi, a sales trader at Themis Trading, an institutional agency-only broker in Chatham, New Jersey. I spoke with Saluzzi yesterday right after the close when the Dow had plunged 679 points or 7.3 percent to finish at 8579.19.

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Wells Fargo Returns to Institutional Brokerage with Wachovia Deal

Oct 6, 2008 @ 03:03 PM By Ivy Schmerken,

Wachovia’s decision to jilt Citigroup at the altar and merge with Wells Fargo is turning into a high-stakes legal drama, but the outcome could have interesting implications for the institutional and retail brokerage business.

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