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Energy banker Skip McGee returns to Wall Street with a new firm
Energy banker Hugh “Skip” McGee has come to represent the excesses of Wall Street banking: at one time he was called the highest paid man on Wall Street; he golfs with Tiger Woods; he helped lead...
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Uber wins, GM loses when driverless cars rule the road
In a society dominated by self-driving cars, U.S. auto sales might fall 40% and vehicle ownership could drop 50%, forcing entrenched automakers such as Ford Motor Co. and General Motors to adapt or...
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Barclays needs a turnaround genius
On Wednesday, Barclays reported solid results, with adjusted profits before tax up by 11%. "The results today represent continued good progress for the business," chairman John McFarlane said in a...
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Barclays to require its junior bankers to take Saturdays off
The office is officially off limits on Saturdays for young bankers at Barclays. The British bank this week decided to up its efforts to improve work life for its most junior investment banking...
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5 important predictions about business technology spending
Businesses technology is already a huge business. With companies increasingly relying on software and data, it’s on track to get even bigger. Spending on business technology is expected to rise 6.7% to...
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Fitbit beats back competition with wellness program
It's been a busy third quarter for Fitbit’s corporate wellness program, aptly called Fitbit Wellness. In September, Fitbit announced it was HIPAA compliant and would give Target’s 335,000 employees...
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Here’s the reason Tesla can get away with reliability issues
It was easy enough to predict the immediate aftermath of Consumer Reports pulling its recommended buy rating from the Tesla Model S earlier this week. Shares dropped 6.6% to close at $213.03 on Tuesday...
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Mastercard Is Expanding Its ‘Selfie Pay’ Capabilities
Public figures like President Barack Obama may be tired of the selfie, but Mastercard on Monday proved that as a security measure selfies are here to say. The credit card company first tested its...
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Out of Africa: Barclays Calls it Quits After a Century
British bank Barclays Plc bcs will sell its Africa business as part of a plan by new Chief Executive Jes Staley to simplify the bank’s structure and seek higher shareholder returns, after reporting a 2...
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SunEdison Could Lose Bank Loans, Suspends Dividend
SunEdison’s financial problems are mounting. Two days after SunEdison disclosed that it won’t release its earnings on time due to an internal investigation, the Wall Street Journal reports that banks...
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Barclays Is Getting Into Bitcoin With Goldman-Backed Circle
Barclays has become the first big British bank to form a partnership with a digital currency firm, social payments app Circle, which runs partly on bitcoin’s blockchain network and launched in the U.K....
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Barclays Paid Big Bonuses to Libor Bros
Former Barclays bankers standing trial on charges of conspiracy to manipulate financial benchmark interest rates earned substantial bonuses in jobs in which money “was the name of the game,” a London...
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Barclays Debuts Tap and Pay For Android Phones
Barclays will be adding the ability for its users to “tap and pay” with their Android phones, potentially allowing its bank users to pay at 400,000 different locations as well as the London Underground...
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Barclays Director Accused of Giving Insider Tips to a Plumber to Remodel His...
A former Barclays barclays-plc director who allegedly gave his plumber illicit tips in exchange for remodeling his bathroom and cash was charged with insider trading on Tuesday. According to the...
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Investment Banks Want to Hire More Non-Finance Majors
When Barclays bcs executive Sam Dean went to a career fair earlier this year, he asked to speak with a group of students who were not studying finance. The British bank is on a drive to appeal to...
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The AIDS Activist and the Banker
The AIDS Activist and the Banker A Q&A with brothers Jes and Peter Staley. One is now CEO of Barclays. The other changed the world. Peter Staley had just been diagnosed as HIV-positive when he...
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Fortune Live for July 21, 2016: Fortune 2016 Global 500, The RNC, and Color...
We have a great lineup today for Fortune Live, hosted this week by Anne VanderMey. First, the Republican National Convention is heating up in the battleground state of Ohio. Fortune‘s Brian O’Keefe and...
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Here’s the Next Act for Ousted Barclays CEO Antony Jenkins
Antony Jenkins, CEO of Barclays bcs until his ouster in summer 2015, has just revealed details about his latest venture. He’s heading a fintech startup called 10x Future Technologies that aims to...
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The U.S. Is Suing Barclays and Two of Its Former Executives For Mortgage...
The U.S. Department of Justice on Thursday sued Barclays bcs and two former executives on civil charges of fraud in the sale of mortgage-backed securities during the run-up to the 2008-09 financial...
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Deutsche Bank Agrees to a $7.2 Billion Settlement with the U.S.
Deutsche Bank db has agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis. The...
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