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Morning Coffee: Morgan Stanley banker worked through the snowstorm....
While other banks (like J.P. Morgan) have been falling over themselves to make life easier for their young bankers, James Gorman has remained steadfast: Morgan Stanley has not and will not place...
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The small investment bank doing some big hiring in 2016
While the rest of the investment banking world frets about whether MiFID II could mean an influx in demand for quality equity research or yet another bloodbath of analysts, German bank Berenberg has...
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Fabrizio Gallo is no longer a director at BAML in London
Fabrizio Gallo, global head of equities at Bank of America Merrill Lynch, is no longer a director at the bank’s European subsidiary. According to a filing with Companies House, Gallo was terminated as...
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Jamie Dimon needs to earn less, or J.P. Morgan bankers need to earn more
Jamie Dimon is not doing too badly. Last week, the chairman and chief executive of J.P. Morgan was allocated a 35% pay rise for 2015. This was his first hike for two half years, but Dimon’s previous...
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Which bank pays the highest severance package?
Investment banks are making plenty of redundancies. If it’s not Credit Suisse, it’s Barclays. If it’s not Barclays, it’s Morgan Stanley, or Goldman Sachs, or Deutsche Bank. Almost everywhere is cutting...
View ArticleExit options for investment banking sales staff as cuts take hold
It’s not just traders who are facing the axe as automation and restructuring in investment banking takes hold. With banks pulling out of certain business areas, or deciding to focus on big clients who...
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A detailed breakdown of Morgan Stanley’s 2016 managing director promotions
Morgan Stanley has just unveiled its latest managing director promotions for 2016. Unlike Goldman Sachs, the list is not replete with millennials – most new promotions have been with the bank for many,...
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Morning Coffee: What John Cryan really said about Deutsche Bank pay. When...
It’s really happening. Deutsche Bank bonuses are really falling by around one third, as per the market talk in October 2015. We know so because Reuters has spoken to an anonymous Deutsche ‘manager’ who...
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Strange commodities promotions at Morgan Stanley
Despite cutting 25% of its headcount in fixed income trading, Morgan Stanley has shifted the balance of power towards its markets business in the latest round of managing director promotions. More...
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Are you good enough for Goldman Sachs or J.P. Morgan now?
If you want a big name bank on your C.V., Goldman Sachs and J.P. Morgan are still your best bet. The most recent league table from finance data company Coalition shows J.P. Morgan ranking first for...
View ArticleBlackrock, Aberdeen and J.P. Morgan: hiring more, and paying less
Large asset managers have committed to hiring hundreds of new staff over the course of 2015, but a gloomy end to the year – combined with increased competition and ongoing asset outflows – means that...
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Women in finance are doing it all wrong
Where are the women? Not on the trading floor (even though they make better traders). Not in hedge funds. Not in private equity, and not in investment banking generally. Unsurprisingly, they are also...
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Credit Suisse’s Dublin move just demonstrated which jobs are safe
Staying in London if you want to work fro Credit Suisse has become a lot harder. For a start, it’s moving 2,000 jobs outside of the UK capital, largely in the back office and now its plans to open an...
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Moving finance jobs in 2016? This is how to make the right decision
It’s 2016, investment banks are cutting headcount, and hedge funds are floundering. In such an uncertain market, making the move to pursue another opportunity could be risky. But there are still...
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Want to be a trader in 2020? Look at these charts
If you work in trading, times remain ‘uncertain.’ J.P. Morgan and Goldman Sachs keep talking up a revival of fixed income revenues, but it hasn’t happened yet. J.P. Morgan’s banking analysts actually...
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You’re a 20-something trader. Here’s how to survive this market
When you’re a trader, a period of extreme volatility and market crisis can mean feast or famine, on a huge scale. The increased volatility provides a myriad of opportunities, but at the same time it...
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So, this is the minimum score you can get on CFA Level I and still pass…
If you took the CFA Level I exam in December, you will just have received your results. Chances are that you failed. – The CFA exams are notoriously hard and this December’s pass rate was only 43%....
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Morning Coffee: Senior banker stupidly loses senior job before it begins. The...
Greg Medcraft’s failure to land the top position at the UK’s Financial Conduct Authority (FCA) is a lesson to everyone looking for a job in finance, especially those who are super-confident that...
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Morning Coffee: Looks like this is the kindest, most generous bank to work...
Which investment bank does the right thing? Which investment bank cuts entertainment and travel costs before even thinking of lobbing people overboard? Most importantly, which investment bank only lets...
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The 10 biggest surprises in Deutsche Bank’s results. And what they mean for...
Today is the day of Deutsche Bank’s fourth quarter results. They’re not exactly what you’d expect. Behind the steely grey facade, unexpected things are afoot within the house of Cryan. 1. Deutsche Bank...
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