Playboy lifestyles for expat bankers “grind to a halt” in Hong Kong
The start of the Rurik Jutting trial this week has reopened debate not just about the horrific nature of his alleged crimes, but also about the way he lived while working as an expat banker in Hong...
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Morning Coffee: John Cryan gets honest about Deutsche Bank. Nomura’s job cuts...
Deutsche Banks’ third-quarter earnings were good, largely because of a 14% year-over-year rise in bond trading revenue. But during yesterday’s analyst call CEO John Cryan made it clear where the bank...
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Orcel’s promise to end the cuts at UBS’s IB looks premature
Remember July 12th? Remember the post-Brexit period of summer sun and sideways glances at neighbours with the St. George’s cross still in their windows? This was also the date when Andrea Orcel, head...
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Beyond boutiques: senior investment bankers moving to even smaller firms
How small is small enough? While investment bankers working for bulge bracket banks look to move to boutiques, senior bankers at boutiques are downsizing even further. The latest example of a senior...
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Goldman Sachs interview questions, the definitive list
You’ve landed an interview with Goldman Sachs. Well done: you’re in a serious minority. What should you expect? In the past, Goldman Sachs had a reputation for interviewing people until it hurts –...
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Nine ridiculous job titles of former financiers
You’re free! You’ve escaped the rigid hierarchy of investment banking, with it’s analysts, associates, VPs, directors and managing directors and into the brave new world of start-ups and digital media,...
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Morning Coffee: 28 year-old Citi associate insists muscled torso great for...
Once upon a time, Nick Deakin was a scrawny MBA student at the London Business School. After spending a summer as an IBD associate at Citi, he apparently reached the conclusion that this was not a good...
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Salesman and traders in investment banks hate each other – this is a problem
In the days before I worked in banking, I rather naively imagined banks to be monoliths – the distinctions between what various departments did, or the differences between the various roles within...
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What young bankers who quit London because of Brexit do next
Call it Brexit, call it British autumnal blues, call it boredom, people are leaving London – and they’re not all called Mark Carney. Over the past weeks and months, there’s been a definite trickle of...
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This senior Citigroup investment banker has just joined PwC
A senior Citigroup investment banker just switched across to PwC to lead its U.S. technology, media and telecommunications business. Trip Wolfe, who has been working in investment banking for the past...
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AQR Capital Management has been hiring MDs from bulge-bracket Wall Street banks
AQR Capital Management, one of the largest quantitative asset managers in the world with $172.4bn under management as of Sept. 30, has been hiring managing directors from Wall Street banks. In the past...
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The 10 scariest jobs in banking today
Where are the bogeymen in banking? Where are the lurking horrors, waiting to lure you insensate, into a job you thought was going to see you through, but will only last until June 2017 (at the latest)?...
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Credit Suisse director says that blockchain is the ultimate cost-cutter
Financial services organisations have been slow to implement blockchain technology, but Credit Suisse has kicked off a number of projects to cut costs and address structural challenges and the...
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Morning Coffee: Pity John Cryan as he tries puncturing Deutsche’s arrogance....
It was always clear that Deutsche Bank CEO John Cryan was up against it. When Handelsblatt journalists shadowed Cryan last year, they depicted a man trying to turn an oil tanker. Renowned for his...
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How to quit banking after 13 years and find a new job in 1 month
Can you spend most of your working life in financial services only to exit in your mid-40s and do something just as exciting? Yes. Will Draper, formerly head of Telecoms research at Mirabaud...
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Deutsche Bank’s star global head of equity structuring just resigned
Tom Leake, Deutsche Bank’s much prized head of global equity structuring has resigned. Rumour has it that he’s off to Goldman Sachs. Deutsche insiders confirm that Leake resigned yesterday. Aged just...
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Why investment banks need to fear former employees
Investment bankers are not associated with loyalty towards their employers. In an industry where lay-offs are a fact of life, most tend to look out for themselves. But the reality is that humans are...
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These eight hedge funds have been hiring in the U.S.
Most hedge funds haven’t been hiring at the same frequency as they’ve been accustomed to. That said, they will still pony up to bring on impressive candidates with the right set of skills and...
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The investment banking careers quiz
Are you in the correct investment banking job for you? Does your role suit your temperament? Your preferred method of working? The sorts of tasks you’re particularly interested in? Equally, if you’re...
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Deutsche Bank has just made a senior fixed income hire in the U.S.
Deutsche Bank’s doors are supposedly frozen shut, but senior people are making it through regardless. The latest managing director to make it into Deutsche Bank since CEO John Cryan announced the bank...
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