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Morning Coffee: J.P. Morgan reluctantly tells staffers to start packing. What...
If it seems as if banks are dragging their feet with their post-Brexit plans, they are. An EU regulator chastised U.K. banks last month for their “inadequate planning,” telling them to “speed up their...
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Millennium Capital Management lost one of its top London portfolio managers
People keep leaving hedge fund Millennium Management (AKA Millennium Capital Partners in the UK). The latest to disappear is a 38 year-London portfolio manager who’d been there since 2012. Insiders say...
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Why you should accept the alternative jobs banks offer instead of redundancy
When you lose your job at an investment bank – or any other organisation in the UK – it’s rarely a smooth process. Instead of simply being let go, employees in the UK are entitled to a consultation...
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Where jobs cuts have – and haven’t – hurt Deutsche Bank in the U.S.
The bulk of what we’ve heard about Deutsche Bank’s massive layoffs plans – either directly from bank or through back channels – is that they’re focused on the bank’s equities business, with the...
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How to network with all the charisma of a top Wall Street banker
Over eighteen years in banking and finance, including five as a managing director at a major U.S. bank, I’ve noticed what makes some people succeed. Why some people get hired with guaranteed bonuses...
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Disconcerted Deutsche Bank traders are being made to work their notice periods
When you resign from your job on the trading floor of an investment bank, it’s standard practice to be locked out of a bank’s systems and immediately bewith escorted from the building. After all, no...
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Morning Coffee: The $1m “rude” banker who wouldn’t take phone calls. The...
At the end of last week, Credit Suisse paid out fines of $47m to the DoJ and around $30m to the SEC, to settle the investigation into its “princelings” hiring scandal. This was an investigation into...
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Against banking internships – give the kids their summer back
It’s getting into that time of year when London is filled with the perennial sounds of an English summer. Leather on willow (or if it’s an Ashes series, leather on stump). Sausages sizzling on the...
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How to leverage your banking resume to get an MBA at Harvard, Wharton or...
MBA admissions officers used to look more favorably upon applicants with financial services experience. The strong work ethic associated with investment bankers and money managers and the prestige that...
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Credit Suisse hires airplane salesman as new MD
Credit Suisse has brought on board Raymond Sisson, a veteran salesperson who has spent his entire career in aircraft leasing, as a new managing director in New York. It is not immediately clear what...
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Top prime brokerage execs depart Cowen in short order
The two U.S. co-heads of prime brokerage at Cowen Inc. have left the firm just a year after joining. Michael DeJarnette and Douglas Nelson were named co-heads of the U.S. business in 2017 after coming...
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Morning Coffee: Europe’s most powerful ex-banker credited with Citi coup....
Citi and BlackRock have become the latest financial firms to announce that they’re hiring in Paris rather than London. But Michael Corbat and Larry Fink, CEOs of Citi and BlackRock respectively, aren’t...
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These are the interview questions you’ll be asked at Citi
Working for Citi may be no easy task. The hours may be long, the pay not be totally satisfactory (although you should at least get a lot of cash in your bonus) and if you work in tech or operations the...
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I went from being a lonely cubicle slave to an MD at a top bank
In around a month, the new generation of juniors will arrive to join the analyst classes at investment banks. They might come with ideas about how their banking careers will evolve, but if there’s one...
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Morgan Stanley M&A bankers outperform Goldman Sachs at home and abroad, among...
While merger and acquisition activity has spiked globally during the first half of 2018, the U.S. has clearly offered the most fertile ground, accounting for more than half of global M&A volume...
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Morning Coffee: What Morgan Stanley’s potential new boss says about the firm....
Morgan Stanley gave a possible window into its eventual succession plan on Monday by offering a huge promotion to someone with a polar opposite background from its current chief executive, opening up...
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Has your secret phone become a problem on the trading floor?
One of the greatest battles between management and staff in the investment banking industry is “mobile phones on the trading floor”. On the one hand, personal phones are a compliance disaster area....
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Horror as senior bankers forced to redo their CVs
In a world where job security and loyalty to employers are fading memories, it’s normally a given that you should have a well-written, up-to date, modern-recruiter-compliant CV ready to go. Strangely...
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The bankers that are grumbling most about their bonuses
Understanding the true sentiment of bankers is a difficult task, particularly when it comes to pay. No matter the size of bonus pools, bankers habitually think they should earn more than they actually...
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Morning Coffee: J.P. Morgan is the only bank that isn’t full of blue bloods....
Investment banking is meant to be an egalitarian system where all that matters is your ability to make money, in principle. In practice, anyone with experience of watching hiring and promotion...
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