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Why J.P. Morgan thinks Goldman Sachs is special
Forget the fact that Goldman Sachs’ fixed income results are down 10% year-to-date while J.P. Morgan’s are up 20%. Forget the fact that Goldman’s equities trading revenues are down 30% year-on-year...
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Morgan Stanley is doing just fine after cutting 25% of FICC headcount, and is...
Morgan Stanley’s fixed income traders had a very good third quarter, but the bank is not “running victory laps”, according to its CEO James Gorman. In fact, Morgan Stanley appears to be generally...
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Morning Coffee: The most magnificent trading jobs in investment banks. How to...
Why bother with the ague that comes of working for a hedge fund when you can have a perfectly interesting trading job at Goldman Sachs? This is the question every trader is now asking themselves after...
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Want a job in high frequency trading? Here are the pay and job prospects at...
Despite the recent scrutiny, the world of high frequency trading (HFT) remains something of an enigma. Even big firms fly under the radar and while rumours abound about traders being scooped up from...
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Deutsche Bank’s charts showing the 4 doomed jobs of 2016
U.S. banks have reported. European banks are ready follow from the middle of next week, but really there’s NO NEED. We already know that fixed income traders have had an unimaginably great quarter and...
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Bring back the prop traders!
So, Goldman Sachs’ high yield trader Tom Malafronte made the bank $100m in profits earlier by buying billions of dollars of junk debt in January and selling it for a higher price days and weeks later....
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One man’s wild ride from broker to investment banker to VC investor to tech...
In his book Titans: How the Canadian Establishment Seized Power, Peter Newman dedicated an entire chapter to G. Scott Paterson, an investment banking superstar who would later become a venture...
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This is how Goldman Sachs is cutting staff through cloud computing
Goldman Sachs has been quietly cutting costs in its tech team by using cloud technology. Over the past nine years it’s managed to reduce the amount it spends on information technology staff...
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Is it still safe to join a European bank on Wall Street?
After all the talk about Deutsche Bank having to pull back from Wall Street simply so that it can pay its DOJ fine (it’s not pulling back incidentally, or at least its investment banking division...
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Morning Coffee: Credit Suisse and HSBC restructuring but not cutting jobs....
In an aggressive bid to increase its investment banking market share, HSBC brought on ex-Goldman Sachs banker Matthew Westerman as the head of the global banking division five months ago. He has since...
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The former head of CLOs at Jefferies has quit to make the “21st century...
Peter Melichar never dreamed of being an investment banker. Growing up in Vienna, Austria, he went some way down the road to being a professional pianist, before becoming “obsessed” as a teenager with...
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Rugged individualist? Try Deutsche before Goldman Sachs
Where do you find the most cheerful bankers? The most sullen? The most corporate? The most outdoorsy? The most arty and the most freakishly weird? After scrutinizing the LinkedIn photos of a sample of...
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This senior Goldman Sachs analyst has just quit for an industry role
In another example of senior equity research analysts quitting the industry to take up a role in industry, David Roman, who leads the U.S. medical technology team at Goldman Sachs in New York, has just...
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Same role, lower salary: There’s a reason some finance jobs pay more than others
Have you ever eaten at a restaurant with stellar Yelp reviews only to be disappointed by the meal? Or read a book you loved and then saw it averaged only minimal stars on Amazon? Online salary...
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J.P. Morgan says there is only one place to be in 2016
J.P. Morgan’s banking analysts have issued a new note updating their predictions on performance by bank and sector for 2016. There, they suggest there is only one place to be in 2016: fixed income...
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Morning Coffee: A powerful letter from a refugee seeking an analyst job. The...
Most recruiters are used to reading cookie-cutter cover letters that lack personality. However, the unsolicited letter of interest that boutique investment shop Broyill Asset Management received from...
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How blockchain will change financial services in five years – and what it...
Blockchain is coming to financial services. Just how quickly it marches on financial services organisations and what, exactly, the technology brings is still up for debate, but it has the potential to...
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Credit Suisse has just hired a managing director in bond trading
Credit Suisse has just made a senior trading hire for its bond market business in London. Sammy Mohammad, who has spent the past three years working for boutique investment bank Stormharbour...
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CFA, MBA, CAIA, PhD or Masters: What do hedge funds want?
Hedge funds used to focus purely on the all-important ‘track record’ of any potential new employee. But, with a dearth of talent coming out of investment banks, many have started their own graduate...
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Seven strange career moves of former Morgan Stanley bankers
It’s no secret that bulge bracket investment banks are struggling to hold on to talent – or are simply getting by with fewer people – but over the past few weeks a number of mid to senior staff at...
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