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Eight things J.P. Morgan’s Q3 results are saying about your job in banking
Late last night, J.P. Morgan released its Q3 results after hours. If you work in the corporate and investment bank (CIB) they were ok, but not great. The business continues to shrink – slowly – net...
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These people at Barclays just had an epic quarter. Don’t be deceived
Are you ready for Barclays’ third quarter results? Admittedly, they’re not out until October 29 and we have a raft of US bank releases in the intervening weeks, but they’ll be imbued with exceptional...
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Six things BAML’s results are telling you about your banking career
Bank of America is the latest U.S. bank to report its Q3 results. This is what you need to know about where to work (and where not to). 1. Yes, it really has been an especially bad quarter for ECM...
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The only 10 ways into a career in investment banking
If you’ve tried applying for a job in an investment bank, you’ll know that getting in isn’t easy. Front office investment bankers still earn considerably more than almost anyone else, except...
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Where junior bankers in Singapore and Hong Kong really want to be in 10 years
Investment banking internships in Singapore and Hong Kong have either ended or are winding down and students in the two cities are now applying for fully fledged analyst jobs. But provided they do...
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Morning Coffee: The all-new growth area for banking jobs. Sanctimony of the...
The middle classes are being squeezed. The 1% are seizing all the benefits of growth and the machines are inveigling their way in everywhere. So far, so Piketty. Strangely, therefore, at least one...
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RBC Capital Markets just made a big M&A hire
Last time we looked, Royal Bank of Canada’s London operation was leaking staff ahead of its fourth quarter results announcement. Now, it’s hired someone to compensate. Mike Kaladeen, a former director...
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While HSBC contractors get pay cut, senior bankers wait for salary rise
Bad luck if you’re a contractor in an investment bank. As banks cast about for ways of cutting costs, contractor pay is the equivalent of an eye-level peach – it would be a crime to leave it on the...
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Want a job in high frequency trading? Here’s the pay and job prospects at 15...
Despite the recent scrutiny, the world of high frequency trading (HFT) remains something of an enigma. Even big firms fly under the radar and while rumours abound about traders being scooped up from...
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Goldman Sachs just had a terrible quarter. Here’s why it WON’T cut staff
If you work in fixed income currencies and commodities (FICC) at Goldman Sachs, you might be feeling a little exposed. The firm just reported its third quarter results and revealed a year-on-year...
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Seven senior Hong Kong investment bankers you need to know now
After a summer dominated by volatile stock markets and mainland IPO freezes, Hong Kong’s legions of equity capital markets (ECM) bankers are now facing a busier end to the year with a string of local...
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Morning Coffee: The new coolest place to work in finance. Make $12m aged 25...
If you want to work in finance and do good and be cool and help the little guy, there is a solution. However, you’ll have to go to San Francisco to find it. Business Insider reports that San...
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Five new finance firms that could hire you
Joining a start-up is risky, but getting in at the beginning could ensure that you reap the rewards of any success later on. With that in mind, we’ve scoured the Financial Conduct Authority register...
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Blackstone just reminded you why you want to work in private equity
It’s been an extraordinarily good year for M&A bankers. Worldwide M&A activity is up 39% on 2014 and is approaching an all-time record, according to Thomson Reuters. At Goldman Sachs alone,...
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Cheating in banking tests – it’s par for the course
So, Goldman Sachs is dismissing around 20 analysts in sales and trading in London and New York after discovering that they were cheating on internal tests. No one knows the names of those let go (yet),...
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Meet Marianne Lake, CFO of J.P. Morgan, the most impressive woman in finance
Low-key Marianne Lake, CFO of J.P. Morgan, has long been a bit of a mystery. Despite being a regular on J.P. Morgan’s conference calls, she’s tended to stay in the shadows behind the more ebullient...
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Morning Coffee: The safest jobs at Deutsche Bank and Barclays. Deutsche MD on...
We all knew they were coming but now they’re nearly upon us, the tectonic shifts at Deutsche and (to a lesser extent) Barclays, are no less dramatic for being so heavily anticipated. If you work for...
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Why Chinese investment banks don’t need rainmakers
Every global investment bank needs a rainmaker to bring in the big deals. And in Western markets, senior investment bankers are themselves becoming competition by setting up small boutiques that are...
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UBS poaches senior female banker from RBS to lead leveraged finance
Royal Bank of Scotland has lost a long-serving female managing director who has moved to UBS to lead its leveraged finance origination business. Sarah Mackey, who had been at RBS since 2003, joined UBS...
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This is why Deutsche Bank’s fixed income traders are unhappy about being led...
Deutsche Bank’s fixed income traders have lost their cheerleaders. Anshu Jain: gone. Colin Fan: gone. Michele Faissola: gone. Instead, Jain’s army is about to be led by Garth Ritchie, the 47 year-old...
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