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The 6 big pieces of Brexit news you missed on the beach
Two weeks is a long time in politics, especially when the politics concerned are not just domestic but include the Machiavellian machinations of an entire continent. If you’ve spent the past 14 days...
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Moelis & Co. pays its London partners very well indeed
M&A is not dead. So says a new report from the Boston Consulting Group (BCG), which predicts that M&A bankers’ pockets will carry on being lined for the indefinite future as corporates engage...
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Credit Suisse has been quietly hiring senior investment bankers in the U.S.
Credit Suisse has been quietly adding senior bankers to its U.S. operations even as it reshapes its investment bank and cuts headcount in London. Rose Lee, who was most recently a managing director at...
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“Why I quit big banks for Big Data”
For every lifer who stays in banking for the long haul, there’s another who plans an exit strategy for a second career. Tina Hannagan, area vice president in the strategic retail, transportation and...
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Morning Coffee: Goldman Sachs on the future of trading, UBS on the future of...
Goldman Sachs is moving into electronic corporate bond trading once again. Despite quietly shelving its previous attempt, GSessions, in 2014 – something its creator said is reflective of big banks’...
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7 jobs banks really can’t fill now
In theory, banks aren’t hiring in London: the prospect of a messy rupture from the European Union has diverted energies that would be applied to hiring to scrutinizing which perpetually EU-based cities...
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How to survive the new landscape for sales jobs in investment banks
Sales jobs in investment banks aren’t what they used to be. As banks automate trading systems and render the entire sales and trading process more data-driven, established salespeople are losing their...
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More Morgan Stanley quants are finding new jobs after fixed income cuts
Morgan Stanley disbanded its highly regarded FX analytics team, Quantitative Solutions & Innovations (QSI), as part of its move to cut 25% of its fixed income headcount last year. Since then, a...
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J.P. Morgan made a big equity derivatives hire from Goldman Sachs
Goldman Sachs’ equity derivatives business seems to be losing staff. Earlier this year, Citi hired Quentin Andre and Dirk Keijer from Goldman for its equity derivatives sales operation in EMEA. Now...
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How to big yourself up in banking interviews without coming off as arrogant
Interviews can be awkward. On the one hand, you need to sell yourself and big up your achievements. On the other, you need to ensure that the interviewer likes you – and coming off as overly cocky...
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Barclays just hired this professional ballerina as an analyst in IBD
If you want to join an investment bank’s analyst class these days, it’s often no longer enough to have extraordinarily good academic achievements and to have interned repetitively. You also need to...
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Investment bankers earn a lot of money, but feel under-appreciated
If you go into an investment banking job you know that the work will be hard and the hours long – but the money is good. Nonetheless, investment bankers are among the unhappiest financial services...
View ArticleMorning Coffee: John Cryan said this interesting thing about Brexit...
Yesterday, Deutsche Bank CEO John Cryan took to the stage at Handelsblatt’s Frankfurt banking conference. There, he revealed that Deutsche Bank will not be merging with Commerzbank. Nor will it be...
View ArticleRoyal Bank of Scotland’s head of DCM is now working for a fintech firm
It’s the done thing these days – leave a senior investment banking role and then reemerge in a fintech start-up, usually as the founder. However, the former head of coverage at Royal Bank of Scotland...
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Deutsche Bank’s chart showing where not to work at HSBC
Deutsche Bank has got issues. Goldman Sachs estimates that it needs to raise at least $2.2bn to meet the requirements of EU stress tests, or up to $7.5bn if it wants a 1% “comfort buffer” to appease...
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Parents aren’t rich? 14 ways banks discriminate against you
If you’re not middle class – or, realistically, upper middle class, you will find it hard to get into banking. So says today’s detailed report from the UK’s Social Mobility Commission, compiled by...
View ArticleWhy I left my investment banking associate job at Barclays to start my own...
When Tobias Taupitz moved to London to take an investment banking job in Barclays’ FIG team, he was under no illusions that the hours and workload would be tough. However, he was at least expecting...
View Article23 year-old Morgan Stanley trader left London for NY fund
It’s not just Huw Van Steenis who’s leaving Morgan Stanley for the buy-side: it’s also one of the U.S. bank’s recently hired junior traders. Victor Debenedetti, an analyst in Morgan Stanley’s...
View ArticleMorning Coffee: Here’s what happens when a top banker’s wife has twins. It’s...
When senior female bankers give birth, they famously email clients from the labour room. When senior males bankers’ wives have twins, they book a month off in Bali and give interviews to the Wall...
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Tudor Investment Corporation isn’t just firing – it’s been hiring in London
Taking a job at Tudor Investment Corp currently doesn’t seem like the wisest career move. Yes, it’s a big name hedge fund and pays its employees very well, but it’s also cutting – 15% of headcount is...
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