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What you need to know on Wall Street today
Hello. Here's what you need to know on Wall Street today.
For years, banker bros have worn a recognizable outfit that's escaped high-profile public scrutiny.
Until now.
In September, an Instagram account was launched to track the "Midtown Uniform," defined as a button-down Oxford shirt, dress slacks, and, perhaps most crucially, a vest.
Having adopted the handle@midtownuniform, the account serves as a vigilante of sorts, holding finance guys and other similarly attired professionals responsible for their alleged crimes against fashion.
Banker bros, beware: There's a popular Instagram account mocking your "Midtown Uniform."
Elsewhere in finance news,
Citigroup just handed a 37-year-old rising star a seat on the firm's most powerful management committee.
In deal news, investors are angry with Botox-maker Allergan, and they're trying to get an activist involved to shake it up.
- America is staring down a debt crisis — and there's one place to look for early signs of trouble
- BlackRock's $1.8 trillion bond chief weighs in on the "story of the year" in markets — and explains why it's going to create huge opportunities for investors
- Bank of America nailed the dollar's comeback — and now recommends 6 ways to figure out what happens next
And in tech news:
- Amazon's operating income nearly hit $2 billion in Q1 — almost double what Wall Street expected
- After Twitter's standout earnings report, Wall Street is ready to give it another chance
- Facebook may look bulletproof, but it's bracing investors for bad news