Commodities Trading At Banks: Going, Going, Gone?

by Wall Street Job Report on July 29, 2014

While on a visit to the commodities unit of a major investment bank in New York roughly seven years ago, one was enveloped by a sense of exuberance on the trading floor. No less than three executives claimed their institution was among the “few banks” with separate units dealing in paper crude oil barrels, as well as loading and dispatching the physical stuff on to tankers somewhere off a foreign shipping terminal.

Given that the global financial crisis hadn’t taken hold and the year was 2007, such a claim could … Read More »

Goldman Turns Cautious on Stocks, Bonds

by Wall Street Job Report on July 29, 2014

Goldman Sachs GS -0.02% is advising clients to stay cautious on stocks and bonds in the short-term.

In a report circulated late Friday, Goldman said worries over a rising interest … Read More »

Morgan Stanley to Increase Base Salaries for Junior Bankers

by Wall Street Job Report on July 29, 2014

Morgan Stanley plans to increase base salaries for junior and midlevel bankers by as much as 25 percent, a person briefed on the matter said on Monday, in the latest move by Wall Street to try to improve working conditions … Read More »

The Things Traders Say, Lloyds Edition

by Wall Street Job Report on July 29, 2014

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By now, DealBook readers know the drill: A major bank reaches a settlement with United States and British authorities over accusations that its employees conspired to manipulate the benchmark rates known as the London interbank offered rate, or Libor, and transcripts of incriminating conversations among … Read More »

Katsuyama’s HFT war makes him a Washington outsider

by Wall Street Job Report on July 29, 2014

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Brad Katsuyama’s crusade against high-frequency traders on Wall Street isn’t winning him any friends in Washington.

Katsuyama, CEO of stock trading upstart IEX and the hero of Michael Lewis’ bestselling “Flash Boys,” ruffled feathers this year by proclaiming that the markets are rigged and luring business … Read More »

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