Widespread exits from BNP Paribas CIB before redundancies hit
Back in 2012, BNP Paribas confidently told its investment bankers that it wouldn’t be making any more redundancies. CEO Jean-Laurent Bonnafé said the bank had no intention of augmenting the 1,400...
View ArticleGoldman Sachs isn’t the only bank with restrictions on interns’ working hours
Goldman Sachs is limiting interns’ working hours. It’s not the only one. Deutsche Bank has also implemented rules governing the number of hours its interns work during both the week and at weekends....
View Article‘Money addicted’ ex-BofA trader is writing a book about his experiences
It’s become a proper carer path: spend five to ten years in banking, leave, write a book. Greg Smith did it at Goldman Sachs. John Lefevre did it at Citigroup. Now, Sam Polk is doing it for BofA,...
View ArticleHong Kong vs Singapore: Which is best for front-office banking jobs?
Hong Kong and Singapore are long-time rivals as global financial centres, but Hong Kong is by far the place to be based if you want a front-office job. We’ve trawled through our jobs database for...
View ArticleMorning Coffee: When Deutsche Bank paid a 29 year old trader €38m....
2008 is not that long ago. When it comes to pay at banks in the City of London, however, it’s in a different dimension. A case currently being heard in a London court has highlighted just how much some...
View ArticleAntonio Polverino has been quietly hiring investment bankers
Around this time last year, Antonio Polverino – the star banker given the last, big golden hello by Royal Bank of Scotland after it had been bailed out by the UK government – started his own firm,...
View Article21 top gripes of investment banking interns
To intern at an investment bank these days is to drink the corporate Kool-Aid. Successful interns go in with their eyes wide open, knowing that 10 weeks of long hours and potentially menial work could...
View ArticleThe Pope Just Called Out Wall Street
When you read the words, you just assume they belong to Senator Elizabeth Warren, a well-known Wall Street detractor. But no, the latest critic of the global banking system is none other than Pope...
View ArticleReal life survival tips for Western bankers in Hong Kong
Although its sovereignty was returned to China in 1997, Hong Kong has largely managed to maintain its status as a diverse and international city. Its status as a regional financial centre has continued...
View ArticleHow clunking banking tech systems drove two financiers to a fintech start-up
The finance careers of Daniel Chia and Cynthia Siantar were chugging along nicely when in September 2014 they decided to quit the sector and co-found a fintech firm in Singapore. Both had reached the...
View Article22 investment banking operations interview questions you need to know
The term investment banking operations encompasses a broad range of activities that ensure the bank processes and settles its trades. Back office roles have been transferred to ever cheaper locations –...
View ArticleBanking interns have had their pay revised upwards
How much will you earn as a banking intern in London this year? Quite a lot, actually. Front office interns at leading banks in the City of London say they’re earning “close to £1k” ($1.6k) a week for...
View ArticleAre these the only Masters in Finance courses that matter?
So you’re thinking of forking out tens of thousands on a Masters in Finance? Fair enough, but whilst most Masters in Finance courses are expensive, not all Masters in Finance courses are equal. How can...
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9 reasons why you can’t find a finance job this year
You’re looking for a new finance job and you can’t find one. This might have something to do with the poor state of your banking CV. Or it might have to do with external factors entirely beyond your...
View ArticleInvestment banking analysts in China are flooding out to private equity
Investment banks in Hong Kong are facing a severe shortage of junior talent as up to 80% second year analysts have left bulge bracket firms for jobs in private equity this year. “I joined this bank two...
View Article13 terrible clichés to avoid when describing yourself on a CV
Unless you have the literary skills of James Joyce, using your CV as a platform for self-promoting phrases is likely to fall into the category of cliché and could do more harm than good. However...
View ArticleThe 30-something bankers are not alright
Life is tough when you’re a 22 year-old analyst working through the night. But life could be tougher when you’re a 31 year-old VP with three 22 year-old analysts working nights for you. Just because...
View ArticleSenior bankers are still departing Barclays’ investment bank
Barclays is in the midst of a redundancy programme in investment bank that will see 7,000 people go by the end of this year. Managing directors (and directors) were particular targets for cuts as...
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Horror of the new UK bonus rules
The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) are introducing new bonus claw back rules. Bankers in the City will never be able to spend in the same way again. For...
View ArticleWhat it takes to become a risk manager
Risk managers have been in demand within investment banks since the financial crisis, as an influx of new rules and more intrusive regulators have forced firms to staff up. But how do you become a risk...
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