Kate Kelly joined CNBC in May 2010 as a reporter focusing on hedge funds and Wall Street. She appears during CNBC's business day programming and contributes to CNBC.com.
Previously, Kelly was a staff reporter for The Wall Street Journal, where she spent a decade. She covered numerous firms for the Journal including Goldman Sachs and Morgan Stanley as well as the movie business and the New York Stock Exchange. Before joining the Journal in 2001, she was a writer and reporter for Time magazine and, before that, a reporter at The New York Observer.
She has won a number of prestigious awards, including two Gerald Loeb Awards, four awards from the Society of American Business Editors and a Livingston Award for Young Journalists in the national reporting category.
She also has been honored by the Newswomen's Club of New York, the Medill School of Journalism and the New York City Deadline Club. She is the best-selling author of "Street Fighters: The Last 72 Hours of Bear Stearns, the Toughest Firm on Wall Street" and she released her second book, "The Secret Club That Runs The World: Inside the Fraternity of Commodity Traders," in June 2014.
Kelly holds a bachelor's degree from Columbia College at Columbia University.
Follow Kate Kelly on Twitter @katekellycnbc.
Seven years after he was first sued by New York state prosecutors for securities fraud, the allegations against former AIG chief Maurice “Hank” Greenberg are still pending – and may now be considered by the state's highest court.
Late in May, facing a wrongheaded internal credit-derivatives trade that had already generated $2 billion in losses, senior managers at JPMorgan found themselves staring at a worst-case scenario that pegged the ultimate losses related to unwinding the trade put on by a U.K. trader — now nicknamed “the London Whale” — at as much as $9 billion, says someone familiar with the matter.
Two months after announcing plans to sell its overseas wealth-management unit, Bank of America is in advanced, exclusive discussions about a potential $1.5 billion to $2 billion deal with the Swiss private-banking firm Julius Baer, says someone familiar with the matter.