FINANCE INSIDER: A 'culture shift'
Goldman Sachs' global cohead of fixed income sales, Tom Cornacchia, says there's a "culture shift" underway inside the firm's sales and trading business.
He wants his team to focus more on building long-term relationships and put less pressure on clients to make trades.
According to investors and market watchers, that change is real - and it's taking place on fixed-income desks across Wall Street.
In deals news, the Ultimate Fighting Championship league has been sold to a private equity-backed consortium for $4 billion, and Thomson Reuters is selling its intellectual property and science business to a private equity group for $3.6 billion.
The Japanese messaging app Line has priced its initial public offering at the top of its range, and it looks like it will be the biggest tech IPO of the year.
And here are the excuses hedge fund managers are giving for their poor performance in 2016.
Here are the top Wall Street headlines at midday:
The best perks for young bankers, according to a recent Goldman Sachs analyst - You've probably heard of the long hours and grunt work that entry-level employees on Wall Street have to endure. But what about the perks?
We're already hearing a big excuse for lousy earnings - Conference calls give executives time to vent about how outside events are impacting their business.
The simplest explanation of investment banking we've ever heard - You may know what investment bankers tend to look like, or what kind of qualifications they usually have, but how much do you know about what Wall Street bankers actually do?
Dutch bonds just did something that we haven't seen in 499 years - Dutch 10-year government bond yields dropped below zero for the first time ever on Monday, making them the latest to join the negative yield club.
A former Goldman Sachs banker launched a podcast to explain everything you need to know about Wall Street - Alan Li, who worked in tech, media, and telecom banking in Goldman Sachs' San Francisco office, says he created his podcast, "The Vampire Squid," to address a "lack of transparency" around finance.
The best steakhouses in every state - We teamed up with Foursquare to create a list of the top-rated steakhouses in every state and Washington, DC, based on explicit ratings, visit popularity, and tip sentiment by users of the city-guide app.