The CEO of a top investment bank says Wall Street pay is out of whack

Credit Suisse CEO Tidjane Thiam says today’s pay model for investment bankers “does not work.” That’s according to Bloomberg’s Jeffrey Voegeli, who reports that Thiam made the comments at a conference in Paris with the International Monetary Fund director, Christine Lagarde, and the Bank ...Read More

I’ve been an investment fraud securities lawyer for 25 years, and here are the 8 best pieces of advice I can give you about money

You’ve been diligent about saving every penny you can over the years, socking it away for retirement like you should. Don’t let unexpected financial disasters like divorce or a stock market crash threaten the security of your investment plan. There are steps you can ...Read More

Jeremy Grantham Urges “Easily Manipulated” Americans To “Become More Realistic” About World’s Demise

It takes little experience in the investment business to realize that investors prefer good news. As a bear in the bull market of 1999 I was banned from an institution’s building as being “dangerously persuasive and totally wrong!” The investment industry also has a ...Read More

Barclays Investment Bank to Focus on Advisory, Mike Rake Says

Barclays Plc’s new Chief Executive Officer Jes Staley will prioritize the investment bank’s advisory and execution operations and accelerate sales of unwanted assets, according to the bank’s Deputy Chairman Mike Rake. The advisory and execution business, which includes mergers and acquisitions, debt capital markets ...Read More

Commerzbank profit falls – investment bank sluggish

Commerzbank AG said Monday that third-quarter net profit fell 8% because of a sluggish performance at its investment bank and activities with small- to midsize corporate clients. Germany’s second-largest lender by assets said net profit for the period slipped to EUR207 million ($227.32 million) ...Read More