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Morning Coffee: Inside the explosion at Deutsche Bank. How DJ D-Sol starts...
What a weekend at Deutsche Bank. After weeks of rumbling and plotting against CEO John Cryan by chairman Paul Achleitner, the deed has been done. Cryan is out. So too is Marcus Schenck, the ex-Goldman...
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More evidence that quitting Goldman Sachs is a route to making MD
If you’re an executive director at Goldman Sachs and you want to make managing director, you might want to think about quitting for a competitor. If you return to Goldman a few years later, you may...
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Deutsche Bank’s strategic history reflects the enormity of Sewing’s task
There’s a trend at Deutsche Bank. Whenever the bank gets a new CEO, it likes to say that the old one had no strategy. It’s happening to John Cryan. It happened too to Anshu Jain. However, the...
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Is this the best fintech firm to join right now? One trading veteran seems to...
Sabrina Gagliotta has just been hired as the senior vice president of sales at Thesys Technologies, a capital markets fintech firm previously known as Tradeworx. It rebranded in January after spinning...
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I was an associate in IBD at JPMorgan. This is why women leave banking
The numbers are out. Like many of the women who work in male-dominated industries, I am not surprised. The gap in pay between men and women in banking is huge. Hidden within these numbers are two...
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Deutsche bankers ‘expecting departures’ in the U.S. following CEO change
Deutsche Bank’s decision to replace embattled CEO John Cryan with retail-focused Deutsche veteran Christian Sewing portends potential bad news for current and potential investing banking employees in...
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Morning Coffee: The investment banking MDs struggling on $2m-$4m a year. Pay...
Five years ago, we wrote something here about bankers who were struggling to subsist on $1m a year. Since then, it seems inflation has hiked the banking breadline: there are now managing directors in...
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BAML hires top machine-learning quant from J.P. Morgan
Bank of America Merrill Lynch hired Rajesh Krishnamachari, formerly a senior quantitative strategist and researcher at J.P. Morgan, as the head of data science for equities in New York last month....
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Equity derivatives professionals quitting Goldman Sachs amidst hiring boom
Equity derivatives recruitment is hot this year and Bank of America isn’t the only bank losing staff. Three equity derivatives sales and trading professionals have left Goldman Sachs in London and New...
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The job that may virtually guarantee acceptance to Harvard Business School
Getting admitted to Harvard is no easy task, on both the undergraduate and graduate level. The undergraduate admissions rate sunk to an all-time low 2.43% in 2018. The rates for Harvard Business School...
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Meet the banking MD with the most enormous number of side-projects
What’s life like when you’re a seasoned investment banker with a 27 year banking career behind you? Try asking Ed Matthews, a former Nomura and Lehman Brothers managing director with a lot of other...
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Morning Coffee: Pity the Goldman Sachs bankers who joined Deutsche. Credit...
You’re part of a group of hotshot new hires from Goldman Sachs intent on spreading the GS ethos across your new bank. As more people like you join, you feel more empowered…then suddenly it all goes...
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It’s hiring season in banking. But can you actually find a job?
If you’re thinking of finding a new banking job in 2018, the time to do so is, theoretically, now. After all, bonuses have been paid and hiring budgets approved. Banks have spaces to fill and for front...
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@GSElevator gets serious on regrets, Trump and all the haters
John LeFevre, author and owner of the infamous Twitter handle @GSElevator, talked to us about why he’s distancing himself from his character, his future plans and offered a few pointed thoughts for...
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Goldman Sachs moved another MD to Frankfurt to help prepare for Brexit
As the Brexit clock continues ticking, banks are continuing to make quiet preparations for the day when they may have to locate some of their activities in continental Europe. Goldman Sachs, for...
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19 senior bankers who swapped jobs last year and could now hire you
With so much turnover on Wall Street, it can be difficult to keep track of all of the investment banking movers and shakers as they move from one firm to another. That said, it’s important to know...
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Morning Coffee: Inside Goldman Sachs’ preparedness for a terrorist attack....
God forbid there should be another major terrorist attack in New York City, but if there is, you’ll probably be safer at Goldman Sachs’ office in Lower Manhattan than anywhere else in NYC. So suggests...
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I work for a U.S. bank and I’ve found curious things in colleagues’ drawers
If you work in a bank, you might think you know your colleagues. After all, you probably spend upwards of 10 hours a day with them. In fact, you don’t. And you will find this out if you ever have...
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Credit Suisse’s London credit traders deserved to be handsomely paid for 2017
If you work in Credit Suisse’s global markets division, you probably want to work in credit trading or securitisation – both were some of the Swiss bank’s strongest business areas in 2017, according to...
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Ex-Morgan Stanley risk head: Why I quit my risk career
After a 20-year career in risk management, with long stints in risk leadership roles at Morgan Stanley and hedge fund Eton Park, Viju Joseph made a strategic career move to fintech by joining Pefin, an...
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