USA crushes it, but a hedge fund star says investors aren't ready for what's coming - your top finance stories
FUND MANAGER: Investors are totally unprepared for the future of the market - lack of liquidity is going to be a bigger problem than people currently understand, says John H. Burbank III
There's a simple reason big Wall Street banks are losing business to tiny rivals - bigger banks are ceding major deals to the boutiques because, amid a takeover boom, they face too many conflicts of interest with other clients.
The boss of BP just got a huge pay package rise despite the company's worst ever year - Bob Dudley's total pay package rose by a huge 20% to $19.6 million.
- when Wall Street (which is actually in Midtown) goes to lunch, they do it a hop, skip and jump from their desks.