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The truth about the banking pay premium
Investment banks are preaching prudence over pay, but this has yet to filter down to their employees, the majority of which would expect a pay rise of up to 30% in order to be prised out of their...
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New research says Deutsche’s FICC business surpasses Goldman’s
So, maybe we were too hasty in dismissing Deutsche’s strategy for doubling down in fixed income currencies and commodities (FICC) whilst other banks (Barclays) are pulling back. New research from...
View ArticleEight of the hottest fintech start-ups in London
London is at the epicentre of a boom in technology firms that will create an additional 46,000 jobs over the next ten years. FinTech companies in Shoreditch’s ‘Silicon Roundabout’ and Level 39 in...
View ArticleCapula portfolio manager quits London, starts hedge fund in New York
Gei Lin, a macro portfolio manager at Capula Investment Management, has left the firm’s London office and returned to New York to launch his own hedge fund. Lin moved to London in July 2012 to take the...
View ArticleFurther eruption of post-bonus departures at Nomura in London
People are quitting Nomura’s London office. This may have something to do with the fact that the Japanese bank paid its bonuses in mid-May. According to headhunters, those bonuses were not especially...
View ArticleHalf your office is probably participating in insider trading
Well, maybe that’s a slight overreaction. But the practice is likely much more widespread than anyone had previously thought. An eye-opening new study from professors at NYU Stern and McGill University...
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Five things I think I’ve learned from living across from a bank
About a month ago, I moved from the financial district in lower Manhattan to the west side of the island. It just so happens I moved directly across from the entrance to Citigroup’s new downtown...
View ArticleA banking intern’s guide to pulling all-nighters
In theory, banks are going easy on their interns this summer. In reality, life as an intern can still be tough. As an intern, you still ought to stay later than most people and you still might be...
View ArticleThe second-tier banks now offering stable careers in Asia
The attraction of so-called second-tier banks is on the rise in Asia, as finance professionals increasingly seek stable employers offering career-progression opportunities. “There is no doubt that the...
View ArticleMorning Coffee: New Chinese investment bank hiring 40 in London. Junior...
If you want to work for a Chinese investment bank in London, you are in luck. Financial News reports that China Merchant Securities (CMS), China’s third largest securities firm, has opened an office in...
View ArticleNo, banks still won’t hire junior analysts on a contract basis
It’s a good idea that keeps cropping up. But just because it’s a good idea, that doesn’t mean banks are going to go with it. ‘Analyst Pool’ the ‘virtual investment bank staffed by freelancers’ has been...
View ArticleCharacter traits employers want to see in their interviewees, country by country
Financial services is a global industry, and the chances are that you’re not British just because you’re applying for a job in London or American if you’re interviewing for a job on Wall Street. This...
View ArticleBanking attracts untrustworthy individuals who are then revered as child...
Two new studies cast an unfavourable light on the sorts of people who go into banking careers and the way non-finance people relate to them. Finance, it seems, attracts selfish people whom no one quite...
View ArticleBetter gender diversity might have cured what ails Deutsche Bank
Like most every other financial firm, Deutsche Bank has had its fair share of problems. FX and interest rate manipulation allegations, just to name a couple. So, how could they have avoided such...
View ArticleBankers who work in tall towers are paid more
How tall is your office? Very tall? That’s good – a tall office seems to be correlated with a large wallet. New research from Emolument.com, the self-described ‘real-time salary data specialist’...
View ArticleMore senior bankers head for the exit at Barclays’ London operation
Barclays has been losing senior bankers across the U.S. and Asia as it rolls out its new strategy that will eventually see 7,000 employees cut from its investment bank depart over three years. In the...
View Article25 pieces of power jargon to stun banking interviewers with
You have an interview for a job in banking and finance. Aside from polishing your shoes and memorizing ever element of your resume as recommended by recruiters at Goldman Sachs, what must you do to...
View ArticleMorning Coffee: Ex-trader who couldn’t stand his commute makes £450m. The...
Do you work in the City of London and live in the suburbs? Do you find your daily commute excruciating? Why not step back and set up your own company in a nearby barn? That’s what Lance Uggla did, and...
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Who else is paid as much as investment banking interns?
If you’re fortunate enough to gain an internship in an M&A or sales and trading role in investment bank in the City of London or on Wall Street this summer, you can expect to £810 to £870 pounds...
View ArticleMillennium Capital targets CIOs of rival funds
Millennium Capital Partners, the expansionary hedge fund that has been poaching from investment banks’ prop desks over the past two years, has made two high-profile hires from smaller competitors. Max...
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