James Gorman Has A Nifty New Euphemism For ‘Pay Cut’

James Gorman Has A Nifty New Euphemism For ‘Pay Cut’

Getty Images It’s called “streamlining” a broker’s share of the fees and commissions he or she collects, all part of “Project Streamline,” which Gorman hopes will save Morgan Stanley $1 billion a year. Now, he’s more than happy to keep your share the same, but you’re going to have to...Read more
Wall Street Trying To Out-Foosball Silicon Valley

Wall Street Trying To Out-Foosball Silicon Valley

For years Wall Street has had the uncomfortable feeling of losing its luster, as a stream of recent Ivy League grads and bank executives decamp for the West Coast and its teeming startup economy. But big banks have wised up and taken steps to keep tech talent in finance. Those steps,...Read more
Italians Decide Maybe They Don’t Need Banks

Italians Decide Maybe They Don’t Need Banks

By Holapaco77 (Own work) [CC BY-SA 4.0], via Wikimedia Commons For a brief moment yesterday, it appeared that maybe things might be OK. A glimmer of hope broke out over the Alps. Austria—you know, the place that gave us this guy—ended the unbroken string of electoral temper-tantrums that began with...Read more
Angel Of Death Descends On Another Ailing Italian Bank

Angel Of Death Descends On Another Ailing Italian Bank

(Vyacheslav Argenberg via Wikimedia Commons) With Italy’s prime minister Matteo Renzi stepping down this weekend following a crushing constitutional referendum defeat, it’s easy to forget that Europe’s third-largest economy has a banking crisis going on in addition to its political one. At the center of the turmoil is Banca Monte...Read more
What’s the Best Way for Couples to Manage Money Together?

What’s the Best Way for Couples to Manage Money Together?

If you’re new to Money Boss, you may want to receive updates via email or RSS feed. Thanks for visiting! Last week, Bloomberg published a piece that profiles seven different couples from around the United States. The article — which is essentially a series of short interviews — offers a...Read more
Opening Bell: 12.5.16

Opening Bell: 12.5.16

Source: AP Warren Buffett, a Vocal Critic of Donald Trump, Is a Big Winner in Election Rally (WSJ) Mr. Buffett’s Berkshire Hathaway Inc. posted its best month in six years in November and shares are trading at all-time highs near $240,000. The conglomerate’s market capitalization, which stood at roughly $20...Read more
Money Boss Theater: Learn to Control What You Can Control

Money Boss Theater: Learn to Control What You Can Control

If you’re new to Money Boss, you may want to receive updates via email or RSS feed. Thanks for visiting! This week’s installment of Money Boss Theater features a recent appearance I made on the Adulting podcast. For nearly 45 minutes, I spoke with hosts Miranda Marquit and Harlan Landes...Read more