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Recently dismissed U.S. Attorney for the Southern District of New York, Preet Bharara, is suddenly being celebrated as an aggressive warrior in the fight against Wall Street corruption. Really? You could’ve fooled me. Perhaps I was in a coma when a string of big bank executives were arrested and sent to prison. No, what actually happened is one of the most powerful attorneys in the nation came up with a mealy-mouthed, cowardly rationale for why he let these financial thieves off the hook. Crain’s reports: Bharara was nowhere to be found when it came to charging the top executives whose...

A man, believed to be a Wall Street banker, faced an angry backlash this week after he was photographed appearing to "hump" a statue of a young girl installed in the famous banking district. The incident took place the day after International Women's Day on Wednesday, not long after the statue's installation. The picture was shared on Facebook by an eyewitness who said the unidentified man stood behind the new installation and began simulating sexual intercourse with the statue. Alexis Kaloyanides, who posted the picture, described the man as the reason the world needed feminism.

Wall Street's record-setting run entered its fifth day on Wednesday, as President Donald Trump repeated his promise of tax cuts and on upbeat economic data that increased the odds of a rate hike and lifted bank stocks.

(Reuters) - The main U.S. stock indexes hit record intraday highs on Monday, led by financials and industrials, as the so-called "Trump trade" sparked back to life on renewed optimism about the economy. The three main indexes closed at record highs on Thursday and Friday rose after President Donald Trump vowed to make a major tax announcement in the next few weeks. The S&P 500 (.SPX) has surged 8.3 percent since Trump's Nov. 8 election through Friday's close, fueled by expectations he will lower corporate taxes, reduce regulations and increase infrastructure spending. While the rally had stalled amid concerns over...

What’s Barney Frank’s take on President Donald Trump’s first action to scale back the landmark financial overhaul law that bears his name? Don’t bank on it succeeding, he says. […] Any scaling back of Dodd-Frank would have a difficult time getting through Congress, because many Republican lawmakers’ constituents favor policing Wall Street, Frank told The Associated Press in an interview. He spoke Friday after Trump signed an executive order directing the Treasury secretary to review the Dodd-Frank law. Trump has called the law a “disaster,” pledging to dismantle it. …

PARIS — One of President Donald Trump’s first orders of business on his first Monday in office was to kill the Trans-Pacific Partnership deal with Asian nations that would have shipped American jobs overseas and dragged down the global value of labor to the benefit of Wall Street oligarchs. The move suggests that this administration is prioritizing the interests of the American worker over the containment of China. The TPP deal was supposed to be a twofold victory for the military-industrial complex: It would have implanted American interests in China’s backyard while increasing profits for Wall Street. One only needs...

The new feature at Bloomberg is another example of how the business world is approaching the Trump presidency and its relationship with social media.  January 21, 2017 —President Donald Trump said at an inauguration ball Friday that he thinks he'll continue tweeting "as a way of bypassing dishonest media." Wall Street is ready.  Bloomberg terminals recently launched a partnership with Twitter, enabling traders to track and trade off Mr. Trump's tweets. The new feature of the financial reporting system is just another example of how the business world is grappling with the new reality of the Trump presidency

NEW YORK — Government Sachs is returning to Washington. After a decade in the wilderness, Wall Street’s most powerful firm, Goldman Sachs, is dominating the early days of the incoming Trump administration. The newly picked Treasury Secretary, Steven Mnuchin, spent 17 years at Goldman. Trump’s top incoming White House adviser, Steve Bannon, spent his early career at the bank. So did Anthony Scaramucci, one of Trump’s top transition advisers. Goldman’s president, Gary Cohn, spent an hour schmoozing with President-elect Donald Trump on Tuesday and could be up for an administration job, possibly as director of the Office of Management and...

Following the news that Steve Mnuchin would be US Trasury Secretary, Wall Street analysts offered mixed predictions on which policies Donald Trump’s choice for Treasury secretary may pursue, as they have little to go on other than Mnuchin’s background with Goldman, buying/selling the former Indy Mac. The prevailing consensus is that Mnuchin’s Wall Street past will lead to easing regulations, tax policies; but at the same time, Mnuchin may not help larger banks as he may focus on regionals and/or seek to distance himself from his GS/IndyMac past. For now optimism dominates, as banks gain, with the KBW banks...

Steven Terner Mnuchin, a financier with deep roots on Wall Street and in Hollywood but no government experience, is expected to be named Donald J. Trump’s Treasury secretary as soon as Wednesday, sources close to the transition say. Mr. Mnuchin, 53, was the national finance chairman for Mr. Trump’s campaign. He began his career at Goldman Sachs, where he became a partner, before creating his own hedge fund, moving to the West Coast and entering the first rank of movie financiers by bankrolling hits like the “X-Men” franchise and “Avatar.” As Treasury secretary, Mr. Mnuchin would play an important role...

NEW YORK – Mary Jo White announced plans on Monday to step down as chair of the powerful Securities and Exchange Commission before President-elect Donald Trump takes office. White’s term at the helm of the SEC hadn’t been scheduled to expire until June 2019. Trump has promised to roll back the sweeping regulation of Wall Street that White has spent nearly four years trying to install. In fact, implementing Dodd-Frank rules and other financial reforms had been one of the biggest challenges during White’s tenure at the SEC.

Liberal ideologues who hate America continue their frustrated teeth gnashing. The current CNN Money headline actually reads: “The Trump market rally: Too far, too fast”

It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover? Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear. Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.

Jamie Dimon likes to write grandiose letters to shareholders. Unfortunately, the financial media sees fit to treat them seriously. And his minders manage to save him from himself. Right after the crisis, DimonÂ’s annual missive contained an section praising the heroics of his staff, comparing them at length to the soldiers at Iowa Jima. Dimon was persuaded to get rid of that bit only because his outside PR firm threatened to quit. This yearÂ’s letter, as recapped by the Financial Times, is every bit as exaggerated, although less obviously so to the outsider. The theme this year is why too...

The Dow Jones Industrial Average rallied to a record close on Thursday as investors continued to revise their strategies and reposition portfolios in response to Donald Trump’s unexpected presidential election victory. The blue chip index DJIA, +1.17% gained 218.19 points, or 1.2%, to finish at 18,807.88 after hitting an all-time high of 18,873.66 earlier. The S&P 500 index SPX, +0.20% rose 4.22 points, or 0.2% to end at 2,167.48. “Trump made rebuilding the nation’s infrastructure a centerpiece of his campaign. As such, the market is expecting an emphasis on fiscal spending initiatives to jump-start the economy,” said Michael Reilly, chief...

Loud booing rocked the floor of the storied New York Stock Exchange on Wednesday during Hillary Clinton's concession speech to President-elect Donald Trump. Some of the Wall Street traders began chanting "lock her up!," as Clinton appeared on television screens, urging her millions of disappointed supporters to accept the stunning defeat. "Ding-dong, the witch is dead," shouted another floor trader.

Hillary Clinton conceded the presidential race Wednesday morning to Donald Trump. The traders at the New York Stock Exchange booed her speech. They were shouting, “Lock her up!”

U.S. stocks welcomed President-elect Donald Trump by avoiding the crash many had feared. Overnight, there was a knee-jerk panic in global markets as it became clear Trump was about to pull off a stunning upset by defeating Hillary Clinton, Wall Street's favored candidate. Dow futures plummeted nearly 900 points at one point as investors expressed fear about the inherent policies brought on by a Trump White House. But a sense of relative calm seemed to return to the markets by the opening bell on Wednesday morning. The Dow has been moving between minor gains and losses, while the S&P 500...

Tyler DurdenNovember 6, 2016 "Under a Trump victory, all bets are off," warns former Director of the Office of Management and Budget under President Ronald Reagan, David Stockman. "I like [Trump] because he's against the establishment, but he has no economic program. Yes, he's a disruptor, but has nothing to disrupt with," Stockman told CNBC, "if elected, it will be partisan warfare and a total disaster." Stockman's message is clear, as CNBC notes, sell everything... "The markets are hideously inflated... If you don't sell before the election, certainly do it afterwards. Government is going to be totally paralyzed regardless of...

“I’m trying, brother, but this one is hard to defend,” de Blasio said in an email addressed to John Podesta on March 2, while forwarding a local news story about his defense of Clinton during an appearance on MSNBC’s Morning Joe program. http://www.breitbart.com/2016-presidential-race/2016/11/03/de-blasio-podesta-clinton-wall-street-speeches-hard-defend/