Goldman Sachs is getting most of the negative headlines. But Wall Street firms across the board say their industry invites scorn. Can they ever change?
Wall Street
While you can’t control the price of gas or the direction of the stock market, many of life’s most irritating money challenges do have reliable solutions. Here are 9 all-too-common financial annoyances, and strategies for resolving them.
The venerable 401(k) has been under fire since the recession. Here’s what could replace it.
A blazing resignation at Goldman Sachs shows us once again that financial advisers too often put their own interests first. Here’s how to make sure you get good advice.
Athletes, actors and other famous folks lend their recognizable faces to promote all sorts of products, from breakfast cereal to basketball sneakers to prepaid debit cards (see Suze Orman). But a celebrity endorsement is, of course, no guarantee that what they’re pitching is a good deal or a smart investment — a point that’s especially [...]
Over the last few weeks, the private equity industry has taken a verbal beating. Rivals of Republican frontrunner Mitt Romney have attacked his tenure leading Bain Capital, one of the industry’s most successful firms, portraying him as a ruthless, Gordon Gekko-style predator who left a trail of bankrupt companies and lost jobs in his wake. So [...]
If your 401(k) was down in 2011, don’t hang your head. You have plenty of company. Many of Wall Street’s most successful investors were losers in 2011 as well.
Steve Rattner spent three decades on Wall Street and co-founded the Quadrangle Group, a well-known private equity firm, so it’s not surprising that he might want to defend the honor of the industry that made him rich — especially now that it’s under attack from both the left and right. What’s curious is that Rattner, [...]
Maligned by political charges related to Romney’s time at Bain Capital, the private equity industry is trying to get out of it’s own way on the PR front–and keep those profits rolling in.
As Wall Street’s biggest banks prepare to report fourth quarter earnings for 2011, many analysts expect the results to cap off a horrible year — at least by their formerly high-flying pre-recession standards. As a result, bonuses, which are tied to performance and typically represent the bulk of bankers’ compensation, are expected to be sharply [...]
U.S. stock prices jumped higher on the first trading day of 2012 after new economic data showed gains in construction and manufacturing activity. Meanwhile, oil prices surged amid escalating tensions between the U.S. and Iran, which has threatened to close the strategically important Strait of Hormuz shipping channel.
