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2 mins read

Morgan Stanley fined $5 million by the SEC over trading fees

The bank's sold clients a "wrap fee" that was meant to cover all services, but managers allegedly m…

Ben Winck   


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4 mins read

Barneys is facing an uncertain future, and it reveals that the era of aspirational, high-end department stores is over

"[Barneys' bankruptcy] bursts the theory that the high-end segment of retail would be immune to the…

Bethany Biron   


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3 mins read

BARNEY FRANK: Aaron Schock 'spent entirely too much time in the gym for a straight man'

"The one thing that puzzled me, the New York Times had a story about how he redecorated his office …

Hunter Walker   


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3 mins read

Kentucky Gov. Andy Beshear won't say if he'd follow the state's new Senate vacancy law and appoint another Republican if McConnell steps down

Mitch McConnell's health scare is making people wonder what Kentucky Gov. Andy Beshear will do if t…

Katie Balevic,John L. Dorman   


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4 mins read

Dr. Trisha Bailey is the richest Jamaican-born woman. She overcame a lot to get here

Dr. Trisha Bailey, the first Jamaican billionaire, says being a mom is her greatest joy. She hopes …

Jamisha Smith   


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4 mins read

What's next for the US housing bubble? Industry experts break down the bull and bear cases for home prices in the months ahead.

Where are home prices headed the rest of this year? Here's a look at both sides of the argument fro…

William Edwards   


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3 mins read

Everything coming to - and leaving - Netflix in May

Get ready to stream new seasons of shows like "Who Killed Sara?" and "Selena," as well as original …

Libby Torres   


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2 mins read

Wells Fargo names its next CEO: BNY Mellon's Charles Scharf

Scharf will also join Wells Fargo's board of directors. Prior to his tenure at BNY Mellon, he serve…

Carmen Reinicke   


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2 mins read

Bank of America is dropping the storied Merrill Lynch name from some of its businesses, and it signals the end of an era

The bank is expected to announce on Monday that it will drop off the name Merrill Lynch from some o…

Madeline Shi   


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3 mins read

Greg Fleming's Rockefeller Capital is building up its Washington presence by luring junior talent and veteran advisers from the biggest wealth managers

Its chief executive Greg Fleming is well-known in the investment world; the Wall Street Journal ref…

Rebecca Ungarino   


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3 mins read

Sallie Krawcheck, once the 'most powerful woman on Wall Street,' shares how an MBA helped her escape the finance world's toxic culture of the '80s

"I just don't think they wanted any females there at all," Krawcheck said. "It was sort of a boy's …

Sherin Shibu   


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1 min read

Employees and shoppers rush to defend woman wearing hijab after abusive tirade in grocery store

"Pretty quickly, people started shouting at the lady in the baseball cap to stop and leave her alon…

Hayley Peterson   


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2 mins read

Morgan Stanley is hot on the trail to grow a $463 billion business, but there's 1 type of deal it won't do

Morgan Stanley could execute "string of pearls-type acquisitions across the platform, while driving…

Meghan Morris   


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2 mins read

What every new manager should being doing for their first 3 months on the job

Krawcheck came to this realization back in 2002 when former Citigroup CEO Sandy Weill asked her to …

Linette Lopez   


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2 mins read

A former Wall Street CEO says the secret to negotiating is having no secrets

This isn't the first time Krawcheck has alluded to "macho" business culture. On an episode of Farno…

Shana Lebowitz   


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2 mins read

Wall Street alum whose startup raised $34 million says the best career advice came from her mom, 'who never worked a day outside the home in her life'

But looking back, she said, everyone has to make their own choices around their careers and parenth…

Libby Kane   


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4 mins read

A former baseball pro turned financial adviser reveals what the average person doesn't understand about how sports stars handle their money

"The truth is the most qualified advisers either aren't getting access to the athletes, or the athl…

Marley Jay   


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3 mins read

'Missing' suspicious activity reports show millions more dollars were funneled through accounts linked to Michael Cohen

Benjamin Wittes, a senior fellow at the Brookings Institution, also weighed in, saying it is unlike…

Bryan Logan   


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3 mins read

The former head of the CIA shares the advice he gave his successor

"The most important thing for anybody who's going to be taking on that responsibility, is use your …

Shana Lebowitz   


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2 mins read

A former Wall Street exec explains why the average investor shouldn't stress about the market going down

"This number just becomes so big because of that impact of compounding. 'Oh no! What if the market …

Libby Kane