Wall Street tries to put a price on team spirit
Jefferies’ shift has good intentions, but it takes more than tweaking pay to turn residents of a shark tank into a well-functioning school
Jefferies’ shift has good intentions, but it takes more than tweaking pay to turn residents of a shark tank into a well-functioning school

But it relies on a host of rosy assumptions going in investors’ favour

New-York based bank puts focus on teaming up as it tries to net bigger corporate deals

Volatility is keeping market-making desks active at a time when mergers and issuance have slowed

Record haul surpasses investment banks which once dominated Wall Street

While a cleaner structure ought to please Wall Street, both halves have their challenges

It is visible behaviour and actions, not communication and messaging, that changes minds