Sonali Basak

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LTC Insurance: The $15 Billion Money Pit Dragging GE Down

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A big part of GE's trouble has to do with its book of long-term care insurance.

Sweeter Bonuses For Women This Year As Wall Street Confronts Gap

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Trading desks will sweeten compensation for women this year to narrow the gap with men, according to a recruiting firm.

Saudi Crisis Shows Wall Street Struggle Between Ethics And Cash

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Human rights have never been too persuasive in Wall Street’s calculus.

Goldman, Morgan Stanley Want To Lend The Ultra-Rich More Money

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They’re increasingly rushing into the booming market for lending to high-net-worth individuals.

Morgan Stanley Tops Rivals With Jumps In Trading, Deal Fees

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Morgan Stanley’s capital-markets businesses are firing on all cylinders.

Morgan Stanley Brokers, Bankers To Get New Tech-Friendly Offices

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More workers will get views of the Statue of Liberty, but they're losing the kombucha on tap.

Lutnick, Now A Billionaire, Bets Own Fortune On Bold Growth Plan

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Howard Lutnick has tightened his grip and owns about 60% of Cantor Fitzgerald.

Nestle To Sell Gerber Life Insurance Unit To Western & Southern For $1.55 Billion

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Gerber Life is seen as a non-core holding of the world's largest food company.

JPMorgan Bolsters Hedge Fund Team In Asset Management With Hires

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JPMorgan is expanding a team to help investors access alternative strategies.

Guggenheim Is In Talks To Acquire Firm Run By Jim Millstein

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Millstein helped oversee the bailouts of AIG and Citigroup during the financial crisis.

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