Credit Suisse Group AG

Initial Jobless Claims Rise, But Distorted By Holidays

More Americans sought unemployment benefits last week, though the winter holidays likely distorted the data for the second straight week. The Labor Department says weekly applications rose by 10,000 to a seasonally adjusted 372,000 in the week ended Dec. 29.

For Top Bankers, the Era of Easy Job Hopping Is Ending

The banking world works in a lot of ways like a sports league. You can be a star, but that barely matters if your team is in last place. But if you're lucky enough to be a premiere bankers, you could always go elsewhere if your team's fortunes faded. That fluidity in finance world may, however, be fading.