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You can't take it with you
The sky-high salaries, fat bonuses and flashy cars enjoyed by Wall Street (and Bay Street) fat cats come at an alarming cost, according to a University of Southern California study.
It found the typical life of an investment banker comprised of long periods of sedentary work, chronic stress and too much coffee. No surprise there, right? Well, how about alcoholism, cocaine addiction, erectile dysfunction – even showing up to work with broken limbs?
The study's author concludes that bankers go through "a cycle of bodily abuse until they either drop out or take control".
'I believed him'
The financier behind Lance Armstrong's former cycling team is taking down his framed yellow jerseys and bracing for a federal law suit.
Not enough to prosecute
The FBI's investigation of JPMorgan's $6-billion trading loss will not likely focus on an internal report of the affair, according to the New York Times.
The report illustrates the trading blunder as the product of a series of "bad – or even stupid – bets", and does not suggest that traders attempted to deceive management by falsifying or hiding records.
'Barclays is not the place for you'
The new CEO of Barclays makes a blunt offer to his employees: support the bank's efforts to rebuild its reputation or leave.
Short selling bans are bad
Here's some research.
Manager gender
Are women approaching a tipping point in hedge funds?
(Jody White is the Web Editor for Streetwise.)