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Credit Suisse is seconding IBD associates to work for clients
Credit Suisse has begun seconding associates in its European investment banking division to work for clients. Recruiters in London say the bank has revived a programme last used in 2010 under which...
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Wall Street compensation: What associates and VPs at U.S. bulge-bracket banks...
Bonus season is in full swing, but there isn’t a lot of excitement across Wall Street. While there are surely some exceptions, for the most part bonuses are either flat are down. Industry-wide bonuses...
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Steve Schwarzman’s advice for analysts and associates
Steve Schwarzman, CEO of Blackstone, is not shy about handing out careers advice. Last year he cautioned against supposing you can leave an investment bank and have the sort of success he’s had. Now,...
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Morning Coffee: Details of Barclays Singapore job cuts start to emerge
Barclays in Singapore looks set to take at least a 15% share of the 1,000 global job cuts that the bank announced last month. It was always certain that many of the redundancies would be in Asia as...
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Star Singapore bankers who’ve now made it to the top in Hong Kong
You’ve made it to vice president (VP) rank at a bank in Singapore. But you’re not satisfied – you want to make director and you want to move to a larger Asian financial centre, Hong Kong. The stuff of...
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Delayed bonuses bode badly at Deutsche Bank and Barclays
In any normal year, bankers at Deutsche Bank and Barclays would be readying themselves to learn their bonuses now – the two banks typically announce in early February. This, however, is not a normal...
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This Swiss bank pays a small fortune
While Deutsche Bank and bonuses are delaying bonuses, perhaps fatally, one Swiss bank has set aside a small fortune to pay its staff for their efforts in 2015. That bank is….Vontobel. As an...
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What analysts, associates, VPs, and MDs really do in investment banks
What do investment banking job titles really signify? Do analysts really analyze? Are vice presidents in charge of whole divisions? And do managing directors run the entire bank? No, no, and no again....
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Bankers in Asia: It’s all ok, you can become recruiters!
Are you among those losing your job at Standard Chartered, Barclays, or Deutsche Bank in Asia? Or are you simply tiring of the banking sector? You might want to call a recruitment agency in Singapore...
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The top 10 companies finance professionals in Asia want to work for
Goldman Sachs is the organisation that financial professionals in Asia want to work for above all others, according to the 2016 eFinancialCareers ‘Ideal Employer’ rankings. While Goldman’s operations...
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Morning Coffee: How to make a fortune from the most boring job in banking....
Compliance jobs in banks are growing fast, but within compliance one particular subset is growing faster than any other: compliance monitoring. The men and women who spend their days replaying...
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HSBC cut 22% of UK bankers since 2010, but Citi and Goldman have been growing
HSBC is staying in London! Or is it? While the British-based bank has opted to remain indefinitely headquartered at Canary Wharf, CEO Stuart Gulliver said this morning that if the UK leaves the EU, “a...
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Why last week’s fuss over AT1 bonds is bad news for bonuses
The mandatory payment of coupons on AT1 bonds (CoCo bonds), is suddenly a thing. As a reminder, the bonds, which have become a popular vehicle for raising bank capital ever since Barclays, Credit...
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What working hours in investment banks are like in 2016
In theory, investment banks have cut working hours for their most junior staff. Since 2013 most leading banks – Morgan Stanley excepted – have introduced a raft of measures ensuring their juniors don’t...
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Six ways that HSBC staying in London will affect jobs in Asia
It makes about 60% of its profits from Asia, it has Hong Kong embedded in its name, and it was run from the city for more than a century. But the Hongkong and Shanghai Banking Corporation (HSBC) has...
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J.P. Morgan to hire “thousands” more technologists in Asia, says regional CIO
J.P. Morgan is starting a big technology hiring drive in Asia, according to Sophia Leung, the firm’s chief information officer for the region. “We plan to hire more than a few thousand technologists...
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Morning Coffee: Lavish lifestyle of one 44 year-old MD at RBS. HSBC keeping...
If you want to make money in banking, RBS is not often thought of as the place to do it. Beyond associate-level, investment banking employees at RBS are paid towards the bottom of the market according...
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Deutsche Bank has just hired the ex-head of SSA trading at RBC
Deutsche Bank hiring freeze doesn’t appear entirely impervious to some thawing. The German bank just hired Igino Napoli, the former head of head of sovereign, supranational and agency (SSA) trading at...
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“This industry is awash with A* students after my job”
Firstly, a confession: I was not an A* student. I do not have 530 UCAS points or a GPA of 94%. I don’t speak three languages fluently. I didn’t attend an elite university in the UK or elsewhere. I...
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The Singaporean bank where staff costs shot up 12.7% in just one year
UOB’s annual results, released earlier today, show that it’s still getting more expensive to employ banking staff in Singapore, even as economic growth slows and the city state experiences 14 straight...
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