Lawsuit Calls Mergermarket a Gropey 'Boys Club' with a 'Hot List'

A new federal lawsuit alleges that Mergermarket, a respected financial news and data company, is a "boy's club," rife with blatant and aggressive sexual harassment. The two women who filed suit say male employees circulated a "hot list" of the company's most fuckable women and that unwanted sexual touching at… » 2/26/15 3:20pm 2/26/15 3:20pm

WSJ Attempts to Drum Up Sympathy for Paupers Making $400K a Year

Break out your tiniest violins: a new video released by the Wall Street Journal either as a deliberately unsympathetic joke designed to agitate the stirrings of an American class war or as one of the whitest whines of all time shows just how a person who makes $400,000 per year can feel like SUPER poor. » 9/08/14 6:45pm 9/08/14 6:45pm

​Sarah Silverman Joins John Oliver In Shitting On Pay Day Loans

Yesterday on Last Week Tonight, John Oliver took on the multi-billion dollar payday loan industry also known as the art of screwing over financially unstable people. And Oliver got by with a little help of his friend, Sarah Silverman. » 8/11/14 10:10am 8/11/14 10:10am

Politicians Determined to Make Online Shoppers Pay

Since the dawn of the internet, shoppers who take a risk by purchasing something online that they can't see or try on experience enjoyed a small (albeit legally grey area) kickback: avoiding the sales tax they'd pay if they bought the same item from a brick-and-mortar (or, you know, drywall-and-vinyl siding) store.… » 7/17/14 7:45pm 7/17/14 7:45pm

Working At Goldman Sachs Is a Sexist Nightmare, Lawsuit Alleges

Female former Goldman Sachs employees that sued the behemoth financial institution in 2010 are now seeking class action status, claiming that Goldman treats its female employees like second-class citizens as a matter of course. Color me shocked. » 7/02/14 2:15pm 7/02/14 2:15pm

Ladies Are Good at Money, When We're Not Terrified of It

Let’s face it: Even though women live longer than men and will logically need more money in the long run, we aren’t so into financial planning. It's our fear of being a bag lady that keeps (most of) our savings accounts flush, but we’re don't always invest our yams elsewhere. However, the tide may be turning. » 3/31/14 12:00pm 3/31/14 12:00pm

Sallie Mae Publicly Shamed For Harassing A Dead Law Student's Family

Thanks to heavily lobbied-for changes to laws governing debt collection, student loans don't vanish after the loan holders declare bankruptcy. Nor do they vanish when the loan holder dies. Some loan companies have policies in place that erase student debt accrued by a deceased person; others do not. And the ones that… » 1/16/14 6:30pm 1/16/14 6:30pm

Overlook Women in Finance and You're Cheating Yourself

If you happen to be in the market for a hedge fund (lucky you!), you could do worse than to pick one headed up by a woman. A recent study suggests that in recent years, they've beat the competition. » 1/16/14 1:30pm 1/16/14 1:30pm

Credit Agencies Want to Facebook Stalk You Like a Drunk Ex-Girlfriend

Jobs do it. Moms do it. Wives of former college flames do it. And now, credit agencies are getting in on the Facebook stalking game. Which is worrisome. » 1/09/14 11:30am 1/09/14 11:30am

Finance Dude Asks Clients to Vote For Him in Sad Sexy Banker Contest

Even though the title of sexiest banker was given out long ago (Meredith Whitney, duh), some who work in finance remain unsatisfied, I guess. What other possible explanation would there be for a banking career website to sponsor a "sexiest banker poll" and invite users to vote? And what deep, all-consuming sadness… » 10/03/13 4:20pm 10/03/13 4:20pm

Surprise! Big Banks are Sexist Bro Fests

Bank of America has to cough up $39 million after settling a lawsuit alleging that its Merrill Lynch brokerage arm systematically discriminated against female employees, passing them over for promotions, shutting them out of lucrative partnerships, and otherwise blocking their pathways to professional success. That… » 9/10/13 1:40pm 9/10/13 1:40pm

Sexist Dingbat Larry Summers Might Be the Next Federal Reserve Chair

Lawrence "Larry" Summers is the front-runner to succeed Ben Bernanke as chairman of the Federal Reserve when he steps down in January, even though Janet Yellen is more qualified — and doesn't think women are bad at math because they have puny ladybrains and selfishly choose to stay home and raise children. Why?… » 7/24/13 5:30pm 7/24/13 5:30pm

Billionaire Investor Blames Boobs, Babies for Lack of Female Traders

Paul Tudor Jones is 58 years old. He is a hedge funder. He is one of the richest men in America. He is probably a Republican. He predicted the 1987 market crash (see below). On Wednesday, we also learned that he holds some sexist beliefs about women because of most of the characteristics just listed. » 5/24/13 11:44am 5/24/13 11:44am

New Report Suggests Women Don't Have the Ballin' Investment Portfolios…

A new report about the sundry ways American men and women nurture their personal finances suggests that women aren't daring enough with their investment portfolios. Financial prudence may seem like a virtue, but some money wizards would really like to appropriate Sheryl Sandberg's "lean in" phraseology and see women… » 3/22/13 6:40pm 3/22/13 6:40pm

Lady Hedge Fund Managers Are Killing It

Hedge funds controlled by female managers brought in the money last year: according to Rothstein Kass, they produced a return of 8.95 percent through the third quarter of 2012. (In contrast, the HFRX Global Hedge Fund Index only logged a 2.69 percent net return through September.) » 1/10/13 12:30pm 1/10/13 12:30pm

Lady Investors Are Rare, Suggests Lady Investor, Because Women Worry…

Springboarding off of an infamous USA Today infographic (and utilizing a handy Wild, Wild West conceit), finance oracle Whitney Johnson tried her darnedest to unravel the mystery about why female leaders are still a relative rarity in the wide world of investing. It's certainly a puzzle, because, although women are… » 12/30/12 3:30pm 12/30/12 3:30pm

In Best Ever News, Planned Parenthood Killed It Re: Election Spending…

Not into schadenfreude? Better stop reading now. Everyone else, get ready to rub your palms together and cackle: Planned Parenthood saw a near perfect return on its election spending, while conservative groups spent enough to make Donald Trump blush but have little to show for it. » 11/09/12 3:45pm 11/09/12 3:45pm

Try to Be a Little More Zen About Spending Money on Important Things

What good does freaking out over expensive but worthwhile purchases do, especially if you can afford to splurge? Nothing, according to research (from Kipslinger via the New York Times): » 7/02/12 6:00pm 7/02/12 6:00pm

Hedge Fund Ladies: You're Never the Right Age to Succeed

If you happen to be a lady and you happen to have aspirations are followed by at least seven zeroes and preceded by a dollar (or pound, or Euro) sign, it's time for some real talk: no matter how old you are, you're too something something to succeed at a hedge fund. Have you considered an alternate field? Perhaps… » 6/27/12 7:10pm 6/27/12 7:10pm