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Why the Year of the Monkey just might save your banking career
Welcome to the Year of the Monkey. If you work in Asian banking, especially if your job is linked to the region’s volatile equity markets, you may be hoping that the next 12 months bring you better...
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Morning Coffee: Deutsche and Credit Suisse need to hire exactly the same...
If daily deterioration in a bank’s share price is a measure of its health, then neither Credit Suisse nor Deutsche Bank are looking very vital. Deutsche’s shares deteriorated another 4% yesterday,...
View ArticleWhy I left my job on a trading floor to work for a technology vendor
Peter Zeitsch spent 13 years working on the trading floors some of the biggest investment banks in the world before joining Calypso Technology in 2013. He went from a desk-bound job to one that...
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‘What’s up with Deutsche Bank?’, by Goldman Sachs and others
Is it still safe to join a European investment bank? Sure, Deutsche’s shares are up 14% this morning following the German bank’s promise to contemplate buying-back some of its senior bonds. Sure,...
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Neither CFA nor MBA, other qualifications for jobs in banking
If you’re thinking of breaking into banking, you’ve probably thought about studying for a CFA qualification. You’ve probably also contemplated an MBA. Both are popular among financial services...
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Morning Coffee: Top Morgan Stanley banker displays folly of the ‘internal...
Aged 47 and with nearly three decades of banking experience behind him, you’d have thought Raj Dhanda might have known better. Instead, Bloomberg reports that Dhanda swapped out of capital markets (his...
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25 year-old rates saleswoman leaves UBS for Funding Circle
Another day, another highly able young analyst has decided to leave investment banking for the more vibrant world of peer-to-peer lending. Last week it was Hugo Davies, a Loughborough University...
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Credit Suisse is seconding IBD associates to work for clients
Credit Suisse has begun seconding associates in its European investment banking division to work for clients. Recruiters in London say the bank has revived a programme last used in 2010 under which...
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Wall Street compensation: What associates and VPs at U.S. bulge-bracket banks...
Bonus season is in full swing, but there isn’t a lot of excitement across Wall Street. While there are surely some exceptions, for the most part bonuses are either flat are down. Industry-wide bonuses...
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Steve Schwarzman’s advice for analysts and associates
Steve Schwarzman, CEO of Blackstone, is not shy about handing out careers advice. Last year he cautioned against supposing you can leave an investment bank and have the sort of success he’s had. Now,...
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Delayed bonuses bode badly at Deutsche Bank
In any normal year, bankers at Deutsche Bank would be readying themselves to learn their bonuses now – Deutsche typically announces in early February. This, however, is not a normal year. CEO John...
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This Swiss bank pays a small fortune
While Deutsche Bank and bonuses are delaying bonuses, perhaps fatally, one Swiss bank has set aside a small fortune to pay its staff for their efforts in 2015. That bank is….Vontobel. As an...
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What analysts, associates, VPs, and MDs really do in investment banks
What do investment banking job titles really signify? Do analysts really analyze? Are vice presidents in charge of whole divisions? And do managing directors run the entire bank? No, no, and no again....
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Morning Coffee: How to make a fortune from the most boring job in banking....
Compliance jobs in banks are growing fast, but within compliance one particular subset is growing faster than any other: compliance monitoring. The men and women who spend their days replaying...
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The top 10 companies U.S. finance professionals want to work for
Financial services professionals in the U.S. agree with their counterparts in the U.K. and Asia on at least one thing – more of them want to work for Goldman Sachs than any other organization,...
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HSBC cut 22% of UK bankers since 2010, but Citi and Goldman have been growing
HSBC is staying in London! Or is it? While the British-based bank has opted to remain indefinitely headquartered at Canary Wharf, CEO Stuart Gulliver said this morning that if the UK leaves the EU, “a...
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Why last week’s fuss over AT1 bonds is bad news for bonuses
The mandatory payment of coupons on AT1 bonds (CoCo bonds), is suddenly a thing. As a reminder, the bonds, which have become a popular vehicle for raising bank capital ever since Barclays, Credit...
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What working hours in investment banks are like in 2016
In theory, investment banks have cut working hours for their most junior staff. Since 2013 most leading banks – Morgan Stanley excepted – have introduced a raft of measures ensuring their juniors don’t...
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Deutsche Bank has just hired the ex-head of SSA trading at RBC
Deutsche Bank hiring freeze doesn’t appear entirely impervious to some thawing. The German bank just hired Igino Napoli, the former head of head of sovereign, supranational and agency (SSA) trading at...
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“This industry is awash with A* students after my job”
Firstly, a confession: I was not an A* student. I do not have 530 UCAS points or a GPA of 94%. I don’t speak three languages fluently. I didn’t attend an elite university in the UK or elsewhere. I...
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