Joanna Wnuk
Can't-miss stories from the web
Hedge fund managers are supposed to be the smartest guys in the room. Yet the latest numbers show they're having their worst year since 1997. So what's the problem? According to the Wall Street Journal's Greg Zuckerman, they've become too big and too bearish.
Softbank wants to buy what?
Softbank CEO Masayoshi Son is said to be looking to buy up to 70 per cent of Sprint Nextel. Or maybe Clearwire. Or MetroPCS, which it could use to leverage a bid for T-Mobile USA. The question is, why?
JPMorgan staff hear less jingle in their jeans
The company has cut compensation per employee at its investment bank by 6.9 per cent so far this year, roughly matching a decline of 7 per cent in revenue for the business through the first nine months of the year.
Toronto ranks third in global finance
This story is actually about how London is challenging New York City for top spot in a global financial centers. Toronto is third, followed by Paris.