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Wall Street is offering the latest employee benefit, but it’s apparently the ‘kiss of death’ for the careers of bankers who use it
New York's bankers, traders, and asset managers often work for companies that offer weeks of paid paternity leave. But a Wall Street career coach said actually taking that time off is "the kiss of death" for their careers.
Wall Street traders had a fun ritual every Friday the 13th to scare off evil spirits that could crash the stock market. The ritual ended after the 1987 stock-market crash.
"We find that football is indeed distracting, subtly impacting market depth, traded volumes and execution cost," the Citi analysts David Bieber and Kim Jensen wrote to clients on Tuesday.
Droves of Wall Streeters abandon their work during big World Cup games — and 2 teams are far more distracting than the others
During big World Cup games in 2014, trading volumes on major international stock-market exchanges plummeted more than prior years, according to data provided by Thomson Reuters. Traders were especially distracted whenever Brazil, the host, and Germany, the champion, were playing.
BI PRIME: According to a big report from Morgan Stanley and Oliver Wyman on wholesale banks and asset managers, it's now time for banks to shift their focus towards corporate business, versus the institutional investor clients they've been focused on.
The Market has been closed since the attack on June 3, but reopened on Wednesday.
US stock futures are pointing to a lower open, and bitcoin is getting smashed.
American investment banks are dominating.
BTIG held its annual Commissions for Charity day on Tuesday.
Wall Streeters be warned: A CIA-backed artificial intelligence firm could be listening to your calls
Credit Suisse is teaming up with Palantir to monitor trader behavior.