Friday’s Headlines: Wall Street Intern How-To

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New York Magazine is running a sweet crimp sheet for Wall Street interns, covering topics including how to manage your social life, living quarters, wardrobe and manners on the job.

Here are some highlights:

 

 

  • Show up early, leave late.
  • Remember: All interoffice e-mail is monitored.
  • When choosing housing, location over amenities and price wins.
  • Skip invites to the Hamptons.
  • No black suits.
  • Women should avoid all sex appeal when getting dressed in the morning.
  • “If Gordon Gekko wore it, you shouldn't.”
  • Watch the partying – camaraderie is critical, while getting smashed at company events and bragging about interoffice hookups are not.
  • Work harder and faster than everyone else.

 

Other News:

The Fed wants banks to raise more capital. [Financial Times]

Companies have issued 29 percent more bonds in Asia than last year. [WSJ]

Russia’s Sberbank will buy the Turkish unit of French-Belgian lender DenizBank for $3.5 billion. [NY Times]

British retailer Marks & Spencer will open 50 HSBC bank branches at its stores over the next two years. [DealBook]

India looses its investor appeal. [WSJ]

Advisors don’t regret move to fee-based model. [Investment News]

Employers that regularly hire workers in their early 20s find them to be just as diligent and competent. [CNN Money]

Proposed: If stocks were priced in increments smaller than 1¢, high-frequency traders would be forced to compete on price, benefiting retail investors. [Businessweek]

Retired baseball players are the focus of the feds’ new insider trading probe. [Reuters]

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