• Sallie Krawcheck, once the 'most powerful woman on Wall Street,' says her startup Ellevest doesn't 'empower' women - because that's not what they need

    27 days ago - By Business Insider

    Sallie Krawcheck is the founder and CEO of Ellevest , an investment company for women.
    Krawcheck's résumé includes running the wealth management branches of Bank of America and Citi, and she was regularly referred to in the media as "the most powerful woman on Wall Street."
    She shared lessons learned from navigating the boys club of finance, and why it inspired her to become a champion for women in the workplace.
    Sallie Krawcheck has run Smith Barney, Merrill Lynch Wealth Management, US Trust, and Citi Private Bank, and was also Citi's CFO. Now she runs Ellevest , an investment firm aimed...
    Read more ...

     

  • The Wall Street bankers who feast during recessions say there's a 'smell in the air' and it's starting to feel like 2007

    The Wall Street bankers who feast during recessions say there's a 'smell in the air' and it's starting to feel like 2007

    27 days ago - By Business Insider

    The global economy is growing and corporate defaults are low and projected to drop even further.
    Yet the Wall Street investment bankers who feast during recessions are optimistic about their business, and some say it's starting to feel like it did just before the financial crisis.
    Top restructuring firms have been filling out their rosters of talent to be prepared in case of an economic recession.
    Restructuring bankers told Business Insider that a massive amount high-yield debt issued in recent years could produce defaults and keep them busy even without a recession.
    Another source of...
    Read more ...