In trading, has better than expected become good enough?
Kind of crappy but better-than-expected with little visibility over the future quarters – that’s been the consistent narrative surrounding Wall Street trading during second quarter earnings calls. The...
View ArticleWhy Bank of America’s FICC trading results are (slightly) overrated
It’s difficult to call a bank’s results ‘overrated’ when it sees a 43% decrease in profit, based mainly on large one-time litigation expenses, but the one main highlight that came out of Bank of...
View ArticleWho’s in Bank of America’s huge summer intern class this year?
Bank of America is hiring lots of juniors. Nearly one year on from the death of Moritz Erhardt, it was reported this morning that Bank of America Merrill Lynch (BAML) has hiked its intake of analysts...
View ArticleBlueBay boosts pay by 26%, continues to hire from investment banks
BlueBay Asset Management, the $62.5bn hedge fund owned by Royal Bank of Canada, has boosted pay for its staff by 26% and increased headcount during a year when both assets under management and revenues...
View ArticleThe senior specialist banking career in high demand in Singapore and Hong Kong
While stable senior careers in Asian investment banking are increasingly hard to come by – as we noted yesterday, banks are keener to hire juniors – financial institutions group (FIG) jobs are a...
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Les postes et les employeurs que vous serez le plus susceptible d’avoir avec...
Les examens du CFA sont déjà loin et vous trépignez d’impatience à l’approche des résultats, qui seront annoncés fin juillet. En supposant déjà que vous faîtes partie de la minorité des personnes à...
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Morning Coffee: Is it worth burning out for less than £100k? Retail bankers...
Fancy doing a financial services job which is booming, where you’ll find work easily and will probably become more important with time? Fancy doing that same job when you’ll earn a fraction of front-...
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Where in the world do senior investment bankers earn more? It’s not where you...
Could it be – senior investment bankers in Frankfurt earn more than those in London? Yes, but only very marginally, according to new research released this morning. Emolument, the real-time salary data...
View ArticleSeasoned investment bankers impart wisdom to incoming analysts
Analysts will shortly be joining investment banks’ training programmes across the world, wet behind the ears, but nonetheless brimming with confidence from beating hundreds of other applicants to the...
View ArticleGoldman’s tertiary business is starting to make some noise
Goldman Sachs surprised most analysts with its second quarter earnings report. The bank survived an overall decline in trading revenue – 10% in fixed income and 13% in equities – with a rather...
View ArticleHSBC follows Barclays, RBS and cuts contractor rates by 10%
HSBC has become the latest bank to impose a unilateral 10% rate cut on its contractors, sparking anger among its temporary staff who have had their pay squeezed in recent years. The bank informed its...
View ArticleMorgan Stanley demonstrates the art of getting more out of staff while paying...
Pin it on James Gorman’s consulting background, or maybe Morgan Stanley is practising what it preaches, but the bank’s securities division has posted another impressive quarter, headcount across the...
View ArticleBank of America Merrill Lynch’s head of leverage finance quits
David Ross, head of European leveraged finance capital markets at Bank of America Merrill Lynch, has resigned from the bank less than four months after a shake-up at the top of the division. Ross left...
View ArticleThe raw, funny truth about being a trader in the US, Europe and Asia
What are the actual differences between traders in different locales? What do they really do when the markets are crawling? For a behind-the-scenes (and hilarious) look, we turned to Wall Street...
View ArticleThe tricky but glamorous career change making a comeback in Asian banking
The practice was rife before the financial crisis and now it’s making a (more muted) return: private banks in Singapore are dealing with talent shortages by hiring relationship managers from the lower...
View ArticleUn nouveau « Gordon Gekko », à la sauce française ?
“Ce livre est une somme de clichés poussés jusqu’au bout et amplifiés par mon imagination”. Dixit Ashley Boolell, auteur de Psycho Shark*, une fiction décalée menée tambour battant dans le monde...
View ArticleAn welchem Wochentag eine Bewerbung die besten Chancen hat
Heute ist wieder ein solcher Tag. Nach unseren eigenen Daten fällt das Verhältnis von Lebenslauf-Suchen zu Bewerbungen immer freitags am besten aus: Es kommen zwei Suchen auf jede Bewerbung, während es...
View ArticleMorning Coffee: Goldman Sachs? Or Morgan Stanley? The crazy patience of...
Should you work for Goldman Sachs? Or Morgan Stanley? If this question was troubling you, the past few days will have been illuminating. Yesterday was Morgan Stanley’s results day. The James Gorman-led...
View ArticleCitigroup continues to hire for commodities
Citigroup is one of the few large investment banks steadfastly continuing to build out its commodities functions while rivals scale back and has just added another significant hire in London. Giovanni...
View ArticleEton educated chocolate heir seeks job in City of London
Good connections are becoming more important when it comes to getting a job in investment banking. One senior banking analyst says banks are being distilled down to three kinds of people: people who...
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