The finance industry's newest social media sensation roasts private equity bros — and they love it
9 min read
Exclusive
Inside Citadel interns' week at the Four Seasons, where lessons in trading and beach yoga went hand in hand
Business Insider got a sneak peek into one of the most prestigious — and exclusive — internship programs in the world. Here's what it was like.
7 min read
Another bank joins the lineup, telling employees it's time to get back to the office
The Canadian bank told employees they'll be expected to work on-site four days a week starting on September 15, mirroring widespread RTO policies.
2 min read
Wall Street intern survival guide: how to survive summer at Goldman, Citadel, and more
BI takes readers inside internships at elite firms — Citadel, Goldman Sachs, and more — with exclusive intel and advice on how to thrive this summer.
1 min read
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Engineers Gate has topped $4 billion in assets and 75 portfolio managers amid streak of double-digit returns
Engineers Gate is on a hot streak, with a growing team and strong returns. It's a big turnaround from 2020, when it faced investor redemptions.
3 min read
Ex-Barclays CEO lied about having a 'purely professional' relationship with Jeffrey Epstein, court rules
Former Barclays CEO Jes Staley failed to overturn a British regulator's ban on his involvement in the financial industry.
3 min read
CMO David Sandstrom shares how Klarna rewrote the recipe for fintech marketing
David Sandstrom, Klarna's CMO, discusses how showing up as a "consumer-friendly lifestyle brand" paved the way for growth.
Steve Hanke tells BI investors are shrugging off serious risks — and Trump is causing historic uncertainty
Economist Steve Hanke said the Iran-Israel and Russia-Ukraine conflicts are not over, and Trump is causing the most uncertainty since the 1930s.
3 min read
A top banker said his Wharton MBA was 'a waste of time' — but the skills from his humanities degree are needed more than ever
Bill Winters, the CEO of Standard Chartered, studied international relations and history before earning his MBA.
2 min read
The internet is loving Wall Street's freakout over 'Zaddy Zohran'
Wall Street is struggling with the potential reality that Democratic socialist Zohran Mamdani is one step closer to leading New York.
1 min read
The list of major companies laying off staff this year including Bumble, Morgan Stanley, Disney, and Meta
Layoffs have hit companies from Disney to Meta to Intel this year amid a backdrop of cost-cutting and technological change.
23 min read
Ken Griffin says young grads who are not interested in reading books about their field have 'picked the wrong career'
Citadel's founder and CEO said that young graduates need to read about the domains they are in.
2 min read
Trump says Iran and Israel violated the ceasefire. Investors shouldn't breathe easy yet.
Investors are dumping the dollar and gold and piling into stocks and crypto as fears of an oil shock fade, but they may be jumping the gun.
4 min read
San Francisco was written off as dead. Now, real estate investors are flocking back.
Meet the investors betting on rising rents in San Francisco as more tech companies call workers back to the office.
5 min read
Prosecutors say the CFA Institute's former marketing chief embezzled millions and bought a $150k engagement ring
The Manhattan district attorney's office said Michael Collins, 61, embezzled nearly $6 million from two companies he worked at.
3 min read
Why stocks are up and oil is down as the US and Iran trade strikes
Investors expected choppy markets on Monday. What they got was volatile, but in a way they didn't anticipate.
3 min read
Looking for finance rockstars: Nominate an up-and-coming trader, investor, or dealmaker
Calling all bosses, colleagues, recruiters, and industry watchers to put forward the investors, traders, and dealmakers on their radars.
1 min read
Women are getting wealthier — and they don't invest the same way as men
Women are much more risk-aware and are less likely than men to invest emotionally, says Anna-Sophie Hartvigsen, the cofounder of Female Invest.
4 min read
Meta's CFO describes her mortifying first day on the Morgan Stanley trading floor
Susan Li said the fact that she was 19 at the time was singled out on her first day on Wall Street, with colleagues warned not to serve her alcohol.
3 min read
A teenage podcaster shares 4 life lessons from Steve Cohen, Howard Marks, and other Wall Street giants
Amir Fischer, 15, interviewed financial titans and learned the power of passion, long-term thinking, risk taking, and conviction.
3 min read
Howard Marks says he used AI tool Perplexity to help write his latest memo
Billionaire investor Howard Marks enlisted an AI-powered search engine to write some of his latest memo. Warren Buffett is a big fan of the memos.
3 min read
'White Lotus' star Jason Isaacs reflected on managing money 'immaturely.' A financial planner breaks down how to avoid doing the same.
Jason Isaacs said he's spent "pretty much everything" he's earned as a TV and movie star. A financial planner told BI how to avoid lifestyle creep.
4 min read
Accenture is giving consulting a new name as it doubles down on AI: 'reinvention services'
Accenture CEO Julie Sweet said the firm is creating a new, integrated division to go all in on AI.
2 min read
Coatue's founders say private companies should go public
The brothers' comments come amid a trend of companies staying private longer following an surge in private market fundraising.
2 min read
These Wall Street pros are busier than ever. See their top efficiency secrets — from fake calendar blocks to saying 'no'
The resale market for buyout funds has never been busier. From Blackstone to Ares, leading secondary investors shared their efficiency tricks with BI.
5 min read
How a Blackstone exec built a sports investing empire
David Blitzer is the the first person to own equity in all five of the major sports leagues in the US.
3 min read
Meet Mark Walter, the man poised to buy the LA Lakers in a record-setting $10 billion deal
Billionaire CEO Mark Walter has struck a deal to buy the LA Lakers for a reported $10 billion, the largest sale of a pro sports franchise worldwide.
2 min read
Take a look inside a vault used by the superrich to store gold, jewelry — and hard drives full of crypto
IBV provides ultra-secure storage for precious items belonging to the superrich. Perks at the London branch include free Rolls-Royce transfers.
5 min read
Here's everything we know about how Wall Street banks are embracing AI
See how giants like Goldman Sachs and JPMorgan are weaving the latest technology into the fabric of their firms.
6 min read
Sarah Jessica Parker says her teenage daughters thrift, work summer jobs — and she doesn't give them cash for clothes
"Sex and the City" star Sarah Jessica Parker said her twin daughters mostly buy used clothing, had jobs last summer, and only spend what they earn.
3 min read
Exclusive
Citi's 'accelerating' its AI strategy with new leaders. Here's how they're readying the firm for a new future.
Citi is consolidating its AI strategy behind three key leaders. They're also eying a push into the next generation of the technology.
4 min read
Stocks are at risk from the Iran-Israel conflict. Here's how quickly the S&P rebounded from the greatest shocks since WWII.
The S&P 500 typically fully recovers within a few weeks of a major geopolitical shock such as an invasion or attack, Deutsche Bank Research found.
3 min read
Steve Schwarzman welcomes more than 170 interns to Blackstone with this advice
Blackstone's founder told a group of aspiring dealmakers to embrace change if they want to get ahead in an industry that's constantly evolving.
4 min read
Goldman's coffee culture decoded: A guide for interns
Asking a senior banker to grab a coffee with you may be anxiety-inducing, but it's a necessity if you want to get ahead at Goldman Sachs.
3 min read
Jamie Dimon has a solution to the skills shortage
The JPMorgan Chase CEO said there's a widespread need in corporate America for coding, programming, and financial management skills, among others.
3 min read
Jamie Dimon has 2 words for business leaders complaining about economic problems
The JPMorgan Chase CEO said companies shouldn't try to make changes based on short-term economic predictions.
2 min read
Mark Cuban thinks the Trump phone could be all about crypto fees
Mark Cuban suspects the Trump phone will feature a crypto wallet to cash in on $Trump and stablecoin fees linked to the family's crypto assets.
3 min read
Billionaire Leon Cooperman tells BI the S&P 500 is 'going nowhere,' Warren Buffett crushed it — and there's more to life than work
Wall Street legend Leon Cooperman revealed his outlook for stocks and the economy, hailed Warren Buffett, and shared how he judged his success in life.
2 min read
Wall Street pay is headed for change as more firms embrace alternative assets: Report
BlackRock and Goldman Sachs are paying top execs like private equity players. Pay analysts at Johnson & Associates see it as part of a bigger shift.
2 min read
Billionaire trader Paul Tudor Jones warns AI could trigger mass unemployment — and revolutionize education
Paul Tudor Jones compared the AI threat to an old episode of "The Twilight Zone" where aliens arrive on Earth with a cookbook for serving humans.
2 min read
Private equity took Jamie Dimon's warnings to heart. Here's why.
When Jamie Dimon talks, people listen. His recent warning shot over private equity's recruiting practices also came at the right time.
4 min read
Winners and losers of the private equity recruiting upheaval — and what happens next
BI talks to bankers, young and old, about the private equity recruiting upheaval, who benefits, and what might happen next.
5 min read
Breaking down all the recruiting drama rocking the PE industry
Big-name PE firms are changing how they recruit young talent, and it's leaving junior bankers scrambling.
4 min read
Trump's $1,000 baby bonus idea takes a leaf out of Warren Buffett's wealth-building playbook
Warren Buffett famously says that investing in the stock market from a young age and holding for the long run is the safest way to get rich.
4 min read
Wall Street is on the cusp of ending the dumbest recruiting cycle known to man, and we all could stand to benefit from it
The recruitment cycle for entry-level private-equity jobs is about to be overhauled thanks to big announcements from JPMorgan and Apollo.
6 min read
Exclusive
General Atlantic halts a recruiting practice blasted by Jamie Dimon a day after Apollo also slammed the brakes
A second private equity firm just pulled the plug on the industry's controversial practice for recruiting junior talent.
3 min read
Exclusive
Bluecrest's top portfolio manager talent scout is leaving the firm
Michael Grad is considered one of the top PM recruiters. He's led the buildout at Bluecrest Capital since 2017.
2 min read
The real 'Epstein files' story is misunderstood. Here's what the government is still keeping secret.
Trump has not released all the 'Epstein files' as promised. The still-secret docs could help answer some of the mysteries about the financier.
9 min read
Exclusive
Inside onetime Viking star Divya Nettimi's $1.9 billion hedge fund
The firm has had good performance but significant churn in its investing and executive teams.
8 min read