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Morning Coffee: 49 year-old MD aims to pay off mortgage with single M&A deal....
Can you still make a massive bonus in M&A? Maybe, if you’re an MD at Jefferies. The sorry tale of Christopher Niehaus, the 49 year-old managing director on Jefferies’ industrials team who was...
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AI discovers which bankers have the greatest propensity to smile
Artificial intelligence can be used for a lot of things. Curing cancer, developing iterative trading strategies, predicting sepsis in intensive care. It can also be used to analyze people’s mugshots....
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SocGen has just hired a new head of emerging markets trading from Millennium...
Investment banks are a better option for senior traders than hedge funds right now. Despite the Brexit-related recruitment frost, senior traders and portfolio managers on the buy-side are gravitating...
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Leaving banking was the hardest thing I’ve ever done
All I thought about were words. It would start on my morning commute: stance wide like a surfer on the shaky train, balancing fresh coffee in one hand, a book in the other. Whether I got through a...
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Ex-punk rocker turned Goldman Sachs ED is now looking to connect with...
In another life, Reto Bolliger might have been the lead singer for Zurich’s answer to the Sex Pistols. As it was, he ended up at Goldman Sachs. “I played around 50 gigs as the front man for a band that...
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Upset as sexiest group of bankers gets demoted in new world order
Bank of America and Citigroup were among the first. Last year, the two U.S. banks began crowing about the virtues of their corporate client base in fixed income sales and trading. Corporate clients...
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Morning Coffee: The worst thing about being a VP in M&A, by Steve Bannon....
M&A jobs are hard. The hours are long. The food is bad. Your health may suffer, but this is not the worst thing. Steve Bannon, Trump advisor, and a former VP in M&A at Goldman Sachs, knows what...
View ArticleLondon bankers mostly want to work for U.S. banks
What happens if U.S. investment banks disperse the operations they currently have in London across Europe after Brexit? It might not come to pass, but it’s certainly a possibility. And it’s one that...
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RBC Capital Market’s MDs have been flooding the market
This time last year, RBC Capital Markets was talking up an aggressive expansion in U.S. investment banking and was looking to hire in senior people to do this. Now, however, managing directors at the...
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Credit Suisse’s head of data science and head of macro investing quit to set...
Two senior Credit Suisse staff have quit to set up a new company together. Aric Whitewood, the bank’s head of data science, and Jonathan Wilmot, the head of macro investments in its asset management...
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This bank wants to turn its staff (and clients) into mental & physical athletes
Banking can be bad for you. Remember that study by ex-Goldman associate turned UCLA professor Alexandra Michel which found junior bankers suffering from everything from weight gain to hair loss because...
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Brexit or not, Goldman Sachs expanded in London last year
Goldman Sachs might be about to cut staff in London because of Brexit, but last year it was still adding staff in the City and increasing their pay. Goldman has just released its annual report for...
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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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Morning Coffee: A 22 year-old who will make you feel substantially...
It used to be that all the exceptional students queuing up to join banks’ spring weeks and summer internships made worn-in 40-something bankers feel a bit under-qualified.”I’d never be able to get a...
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We asked Goldman Sachs why everyone wants to work there
Goldman Sachs is like a 1970s Weeble: despite the occasional wobble, it always bobs back up again. Nine years after the financial crisis, five years after the scandal surrounding the Abacus deal, and a...
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SocGen has just hired one of Credit Suisse’s most senior salesman as cuts...
Credit Suisse’s shake-out of its equity derivatives business, which has resulted in senior exits over the past four months, goes on. The latest senior departure is Tim Scanlon, head of equity...
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How working for a hedge fund destroyed my career before it began
If you’re trying to get a job in finance, you might think you want to work for a top hedge fund. I want to warn you that this could be the worst move you make. I was a top student. I went to one of the...
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Five ways to make the most of an investment banking Spring Week internship
Spring Weeks in investment banking are pitched as a taste of the industry, but the reality is that they’re really the essential first step into getting an investment banking job. I’m a couple of years...
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This fintech firm is hiring quant researchers, data scientists and developers
In fintech terms, ITG is a big company. It employs over 960 people globally, and the firm – which provides data analytics and trading algorithms for brokers and asset managers – is looking to hire more...
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Banks cutting staff ahead of Q1 results
If you thought your banking job was safe because you survived the fourth quarter and got paid some sort of bonus, you were wrong. Cost cutting in banking is alive and well and banks have been casting...
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