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Real Simple Banking: Commodore Vanderbilt in a Brooklyn Basement
In the basement of a Brooklyn brownstone, in between rooms taken up by a homemade video synthesizer and a worm garden, two 31-year-olds have spent the year building the next great American bank. It...
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Marry a Citi Man, Says a Lady In the Know
"It is a truth universally acknowledged, that a single man in possession of a good fortune, must be in want of a wife," begins Pride and Prejudice. But in a city of so many good-fortuned men, their...
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The World’s New Banking Rules Are Here: Basel III Is Soft and Sweet
Last last year, The Basel Committee on Banking Supervision, a boring-sounding but enormously influential group of regulators from 27 nations, published what might have been the single most important...
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Banks Frantically Hiring to Prepare For Hot M&A Market
Great news: The job market is flourishing -- for bankers whose job includes telling companies how to lay people off! Investment banks are getting ready to do some major mergers and acquisitions in the...
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Bank of America Bracing for Layoffs: Report
As the idea of a slowdown for Wall Street's big players crystalizes, Bank of America is gearing up to lay some people off, according to a report by Fox Business' Charlie Gasparino. The cuts are neither...
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Elizabeth Warren Says Bank Regulation Is Good For Everybody
Elizabeth Warren said in a speech yesterday that stepped-up bank regulation she's helping implement will be good for banks and consumers alike. Warren, Barack Obama's designated advisor to the...
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Citigroup’s So-So Quarter Beats Expectations
Just as fellow enormous bank JPMorgan Chase did last week, Citigroup reported solid third-quarter earnings today. And like JPMorgan Chase, the bank suffered from slight weakness on the revenue side and...
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A Dimon Is Forever … Right?
Dimon. (Eric Piermont/AFP/Getty Images) In the days leading up to JPMorgan Chase & Co.’s bombshell announcement of $2.3 billion in trading losses, chairman and chief executive officer Jamie Dimon...
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