Even as consumer payments rapidly move online, small businesses are still paying 80% of invoices with paper checks. Now a new generation of automated solutions is emerging that could dramatically cut business-to-business (B2B) payment costs, speed up processing and unleash a wave of small business productivity. We recently caught up with Goldman Sachs Research’s Jim Schneider to discuss why he sees this […]

It’s early autumn, and a car containing a female managing director, a female executive director and a female director from three different banks on Wall Street are driving out to the countryside for the weekend. Their current location and professions aside, they all have one thing in common: none have children. Coincidence? Maybe not. Last month we published an article written by […]

It’s a question that’s asked multiple times per year in every CFA forum. When exactly should you embark on the time-intensive journey toward getting your CFA, and at what age are you too old or too young to earn your charter? The answer, of course, will always be subjective based on each person and their career arc. But when looking […]

I have long been interested in hedge funds and their managers. We have regularly looked at issues such as changing fee structures, higher-than-rational expected returns, general cost and performance issues, and why investors keep shoveling money to the funds. My Bloomberg News colleagues Katherine Burton, Melissa Karsh and Sam Dodge published an article last week, “The Incredible Shrinking Hedge Fund,” that is chock-full of […]

Nineteen hundred exchange-traded funds vie for attention on Wall Street. Is there room for yet more? Sure there is, says William Rhind, daredevil founder of the ETF vendor GraniteShares. Rhind’s operation, squeezed into a scrawny WeWork room in lower Manhattan, has a lineup that includes a cut-rate gold fund, two commodity funds and an unusual blend of high-payout securities aimed […]

I’m a woman in banking. I’m a vice president and am nearly a decade into my career in the investment banking division (IBD) of a European bank in London. I am at an age when you might expect to have a child. – I would certainly like to have a child, but I believe that my banking career is making […]

It’s not just Tadhg Flood. – Deutsche Bank’s co-head of global financial institutions group (FIG) banking might be the latest to leave (for Centerview Partners) but the ongoing outflow of senior talent from Deutsche Bank suggests his exit is symptomatic of a trend. As we’ve noted several times this month, exits from DB seem to be gathering pace. Flood’s FIG team was fragmenting even […]

Living and working abroad, or even just working on a diverse team with international colleagues, can be exciting—new cultures, languages, and ways of expression are all around you. But, it can also be difficult, especially when you don’t understand the conversation. Even if you’re technically speaking the same language, working with people who have dialects or accents you’re not used to […]

Structurers aside, one type of finance professional is particularly popular this year: the systematic or algorithmic (algo) trader. Whether it’s to work on the central risk book or creating algos for customer trades, banks are busy looking for algo trading talent. Both Goldman Sachs and J.P. Morgan have recently added vice president (VP) level talent in the area. Goldman Sachs hired Tim Rohkemper from […]

As head of Goldman Sachs Securities Division’s Americas Equity Structuring Group, Stacy Selig and her team apply a mix of quantitative, technical and problem-solving skills to create solutions for investors when there’s no readily available product on the market. We sat down with Stacy who explained how changes in market structure continue to drive demand for structured products and equity derivatives — […]