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Wall Street Roundup: Banks gearing up. Goldman Sachs' rapper.

September 16, 2010 |  9:06 am

Jobless number drops. The number of people filing for unemployment benefits dropped slightly from last week and came in below the expectations of analysts.

Banks gearing up. Investment banks are hiring in preparation for what many expect will be a boom in mergers and acquisitions. 

JPMorgan's computer problem. JPMorgan Chase has struggled to deal with problems with its online banking program which was out of service for a few days. 

Goldman Sachs' rapper. A young investment banker at Goldman Sachs has a second job releasing hip-hop albums.

Goldman Sachs' bum rap. Three women have sued Goldman Sachs, alleging gender discrimination. The suit tells of business trips to a New York strip joint.

Post-Lehman arbitrage. A new economic paper details the remarkable opportunities that traders had to make money from bond arbitrage in the chaos that followed Lehman Brothers' bankruptcy two years ago. 

-- Nathaniel Popper