Morning Coffee: 20,000 redundancies at HSBC? The real reason why you overwork
Is HSBC about to make tens of thousands of layoffs? Sky News thinks so. At next week’s investor presentation, it’s predicting that Stuart Gulliver will announce plans for another 10,000 to 20,000...
View ArticleThe ‘art’ of asset management and why finance students don’t get it
Is there such a thing as too much technical knowledge? Do students going into financial services spend so much time with their nose buried in a textbook that they forget how to be critical and,...
View ArticleThe 9 worst things to include on your banking CV
Unless you’re a seismologist with a PhD or an equity derivatives professional with Iberian contacts, getting your CV past the recruitment gamekeepers may not be easy. If they’re any good, they’ll...
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Anshu Jain just provided this information on Deutsche Bank layoffs and strategy
Deutsche Bank will be making redundancies. When Anshu Jain and Juergen Fitschen unveiled Deutsche’s new strategy in April, they spoke of €3.5bn of cost cuts. At the time, no one entirely knew what this...
View ArticleMorning Coffee: Why you should work in digital banking in Asia
Back in January we tipped digital banking to be one of the hot hiring sectors for banks in Asia. As we reach the mid-point of the year, these predictions are ringing true. The demand for digital...
View ArticleThe chart that shows which banks to work for in Asia right now
Are you looking for a job at a global bank in Asia? You may want to apply to firms that are currently expanding in Asia and focusing a comparatively high proportion of their recruitment efforts on the...
View ArticleMorning Coffee: Perfect student finds top team in top bank unbearable. Why...
If academic pedigree and work experience are predictors of investment banking success, Sarvshreshth Gupta should have thrived as a member of Goldman Sachs’ TMT team. A graduate of Wharton Business...
View ArticleWhy you should want to work for Goldman Sachs’ back office
If you work in investment banking operations and still value the prospect of an annual bonus – join Goldman Sachs. Goldman pays twice as much as its nearest rival, BNP Paribas, and nearly seven times...
View ArticleJunior bankers are still tragically overworked. What can be done about it?
Two junior bankers have died this year. Yesterday, the New York Times told the tragic stories of Sarvshreshth Gupta and Thomas J. Hughes. Both were in their 20s. Both worked in investment banking...
View ArticleHedge fund pays over 200% bonuses this year
If investment banks are hiking up salaries to counter regulatory clampdowns on bonus payments, hedge funds are still very much the places to get paid for performance. A case in point is the UK arm of...
View ArticleWhere are all the single name CDS traders now?
Single name Credit Default Swap (CDS) traders have not had a good time of it. Late last year, Deutsche Bank stopped trading most single name credit default swaps, hammering a final nail into a coffin...
View ArticleMorning Coffee: What Stan Chart staff in Asia can expect from Bill Winters...
On Wednesday next week Bill Winters takes over from Peter Sands as chief executive of Standard Chartered. UK newspaper The Telegraph has produced a handy guide to the immediate challenges he’ll be...
View ArticleEight crucial skills that could get you a compliance job in Asia
You want a new compliance job in Asia, either by moving banks or nailing a big promotion. But what skills might help you to leapfrog the competition and potentially achieve a 28% pay rise? Here are...
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Six charts explaining why HSBC shouldn’t slash its investment bank
If you work for HSBC’s global banking and markets (GB&M) division and are feeling sweaty about rumours of 20,000 redundancies across the bank in the imminent future, Chirantan Barua, senior analyst...
View ArticleSeven tips for acing the Series 7 and other financial exams
Success in the General Securities Representative Exam, more commonly known as Series 7, is fundamental to anyone wishing to work in the investment industry in the United States. Before you can sell...
View ArticleTraders leave Credit Suisse as rates revival sours
2015 began well for rates traders, with Goldman Sachs, J.P. Morgan and others benefiting from a strong first quarter in rates trading. Unfortunately, the good run hasn’t lasted. Six months into the...
View ArticleWhat Goldman, JPM, CS, BAML and Barclays have done to cut working hours
Junior bankers’ working hours are back in the news following the tragic death of two young analysts. Sarvshreshth Gupta, a first year analyst at Goldman Sachs, took his own life after working two days...
View ArticleMorning Coffee: Is sitting the CFA getting too popular in Asia?
Taking the CFA has become popular, perhaps too popular in Asia. About 70,000 of those registered for the June 2015 exam are from Asia Pacfic – 43% of the global total, according to new figures from the...
View ArticleThis is what your private banking salary and bonus should be in Singapore
Are you a private banker in Singapore? With so many firms hiring in your sector, it’s good to know how your salary stacks up against other relationship managers (RMs) and how your bonus compares with...
View ArticleIs FIG the worst sector group if you’re a junior banker?
You work in an investment banking division (IBD) and are based at a bank which divides its M&A staff into sector teams (eg Goldman Sachs) rather than grouping them into one big ‘analyst pool’ (eg....
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