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Upset at Bank of America as London staff deprived of dollar bonus upside
Bonuses are being announced at U.S. banks in London. We understand that some of Bank of America’s people got their numbers today and that there’s disappointment in the ranks: the bank has allegedly...
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This small private equity firm is hiring senior staff from Goldman Sachs and...
Smaller private equity firms are not just targeting junior employees. Over the past few weeks, senior investment bankers from bulge bracket banks have been turning up at relatively small organisations....
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Morning Coffee: Deutsche Bank’s other method of cutting costs. Leaving...
Deutsche Bank is doing it all: the hiring freeze, the bonus annihilation, the layoffs, and the movement of front office banking jobs to obscure near-shore locations that weren’t traditionally...
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Senior banking technologists quit to become fintech gurus
Banks have been battling over senior technology professionals over the past six months, but they have a new problem – top technologists are reinventing themselves as fintech gurus. It makes sense – if...
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Not middle class? Try accounting instead of banking
If you’re a student trying to get a first job, an accounting career has several things going for it. The Big Four accounting firms are easier to get into than the big investment banks. They offer more...
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New golden rules for getting as rich as possible in a hedge fund
It’s increasingly unlikely that you’ll end up getting rich quick working for a hedge fund, but if you want to maximise your earning potential, there are some golden rules to follow. Work for a big...
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Ex-top Deutsche bankers regrouping as bank waits for post-bonus exits
Deutsche Bank is supposed to be making layoffs. Last week, there were reports that the German bank is thinking of making 20% of its people redundant this week and next. Headhunters in London say they...
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“When I found out I hadn’t made MD at 33, I went home and cried”
When I found out I wasn’t going to make managing director (MD) in 2010, I went home and cried. I was 33. Not for three or four minutes, but for over an hour with my wife next to me. I felt like a...
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20 finance jobs outside of the front office where it’s possible to earn $100k...
Not everyone who works in finance earns mega-bucks, but equally big pay packets are not restricted to revenue generating roles. It’s more than possible to earn six figures after just a few years in the...
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Morning Coffee: Bank reveals plan to shift just 1.5% of jobs from UK...
Barclays has divulged its plan for for shifting jobs out of the UK after Brexit. It’s surprisingly benign. After last week’s warning from Jamie Dimon that J.P. Morgan’s Brexit-induced job movement...
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$20k raised in two days after untimely death of senior FX trader
If you work in an FX function in the City of London, you should know David Hitchins. He was the head of FX for EMEA at Jefferies, but has held various senior positions at Unicredit, Credit Agricole and...
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Upset at UBS’s investment bank as 2016 turns sour
Last time UBS reported, we suggested things were looking a little off at the investment bank, and that Andrea Orcel’s July 2016 promise to stop cutting costs (and by implication, jobs) looked a rash....
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Meet 14 impressive interns coming into investment banks in 2017
The vast majority of investment banks have now closed their summer internship programmes to applications. But, like the full-time positions, a select band of students have already received offers. As...
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Jefferies has ways of making you stay
Jefferies has contracts and it’s not afraid to use them. Such is the conclusion to be drawn from the bank’s latest U.S. legal wranglings and existing clawback policies. Before you join Jefferies, you...
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“I devoted my 10 best years to trading. Now I need a plan B”
There’s only so much I can take. After a decade as an equities trader at some of the world’s biggest investment banks, I’m now out of the market – again. And this time, I’m not even trying to go back....
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Morning Coffee: When 20-somethings and old school bankers collide. Big...
Investment banks want to be seen as technology companies and need the sort of office spaces that attract cool 20-somethings. Investment banks also want to cut-costs wherever they can – think economy...
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This private equity firm has been hiring Deutsche Bank juniors
Top investment banking analysts are, of course, prime targets for private equity, which tend to recruit off-cycle whenever the need arises. But one London-based buy-side firm has been targeting the...
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Goldman Sachs analysts and associates hit by Trump travel ban
Where are the banks? While Silicon Valley firms like Google, Netflix, Apple and Twitter, have denigrated Donald Trump’s Friday executive order blocking refugees and barring citizens of Iran, Iraq,...
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Battle of the buy-side: Why juniors now want to go into private equity, not...
Hedge funds are losing the battle for the best and brightest young finance professionals to private equity. Both hedge funds and private equity firms are stepping up efforts to attract graduates and...
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New complaint about Deutsche Bank bonuses as juniors await rise
If you work for Deutsche Bank, you should really have given up on your bonus for 2016. As we were first to report a few weeks ago, the German bank won’t exactly be paying bonuses this year: it will pay...
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