Tag Archives : Larry Fink

Money & Careers · News

Toni Geyelin: Some Musings on Investment Bank Profits

By Antoinette Geyelin
Interesting article in this week’s Financial Times, highlighting comments made by Larry Fink, founder of investment giant BlackRock. Apparently, Fink criticized the “luxurious” returns reported this quarter by a number of Wall Street firms (taking particular aim at Goldman Sachs). With less competition, Fink observes, the remaining firms are taking advantage of market conditions to charge huge fees for services.…
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