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The best and worst places to work in FICC, equities and IBD now
The final quarter of 2015 was abysmal for most investment banks and so far 2016 has been pretty bleak. But within the broader investment banking sector, which jobs are comparatively safe and which are...
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Morning Coffee: HSBC’s pay warning for bankers everywhere. Goldman Sachs on...
When it comes to pay, HSBC has been a little confused of late. Firstly, it was going to freeze pay in 2016. Then it wasn’t. Then it was going to increase pay for everyone, including senior people in...
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HSBC’s traders just outperformed Goldman Sachs’, Deutsche’s and BAML’s – and...
When you think of top trading houses, you probably don’t think of HSBC. The London-based bank doesn’t have a reputation as an especially great payer (especially at junior levels), and it ranks well...
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Chris Yoshida, global head of rates sales, is among those leaving Deutsche Bank
Chris Yoshida, global head of rates distribution at Deutsche Bank, is understood to be in the process of negotiating an exit from the German bank. Yoshida, who’s based in New York, joined Deutsche from...
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The most diligent juniors in IBD, ranked by nationality
As you will probably know, everyone works hard in an investment bank. In any discussion of investment banking working hours, it’s not a question of who works hard and who sits back and fetches the odd...
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Is Credit Suisse the safest place to work in Asian equities?
If you are of an anxious disposition, a job in Asian equities is probably not for you right now – unless you happen to work for Credit Suisse. A number of banks have been culling jobs from their...
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The 15 hedge funds and private equity firms everyone wants to work for
Private equity firms and hedge funds remain bankers’ favourite route out of the sell-side, but competition is tough. Only a fraction of those in banking make it on to the buy-side, and increasingly...
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Morning Coffee: Goldman Sachs contemplates another empty office. Banks...
Do you remember last year’s tale of the empty sixth floor at Goldman Sachs’ office in Manhattan? Something similar could be coming to London soon. Last September, the New York Times reported that...
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Goldman Sachs’ Gregg Lemkau on going from IBD analyst to global M&A head
Gregg Lemkau has been working at Goldman Sachs for nearly 24 years, and has co-headed its M&A business since 2013. Goldman is the only bank he’s ever worked for and since rising to such a lofty...
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The most stylish exit from a banking job?
Leaving one job in banking for another has rarely been more difficult – especially if you’re senior. In London, recruitment firm Morgan McKinley estimates that there were two new candidates (along with...
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J.P. Morgan is about to start cutting fixed income traders
If you work in J.P. Morgan’s (vast) fixed income team, you’ve every reason to feel a little smug. While most investment banks have started culling – and more cuts are expected, particularly in FX –...
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Bill Winters has lost $4m at Standard Chartered, where someone just earned $21m
Bill Winters and Jes Staley should get together and commiserate. Jes has lost $3.4m since taking over as CEO of Barclays last November and Bill Winters has lost $4m since taking over as CEO of Standard...
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Antoine Estier said to be leaving BTG Pactual LLP after 80% cut in bonuses
Things have not been going well at Brazilian bank BTG Pactual. First, Andre Esteves, BTG’s founder and chief executive was arrested last November, accused of trying to obstruct a corruption...
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This is what it takes to succeed as a private banker in Asia
The Asian rich are already wealthier than their European counterparts, and are expected to catch up with the North Americans soon. As a result, many private banks plan to expand their business in Asia....
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How to fight your way into a job at Blackstone, and stay there
It’s no secret that young bankers are queuing up to move into private equity, but if they want to secure a job at Blackstone they’re in for a culture shock. While junior bankers are indoctrinated into...
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Morning Coffee: This explains a lot at J.P. Morgan. Vegans at Goldman Sachs
As we’ve noted before, J.P. Morgan has been performing various contortions to attract technologists to go and work there: there are the ‘drawable surfaces’ and blue scooters at 5 Manhattan West in New...
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Here’s how much IBD managing directors in M&A make on Wall Street
This year’s bonus season on Wall Street has been more about keeping juniors happy than focusing on senior rainmakers. Bonuses are either flat or down by up to 10%, while salaries have increased to make...
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The bad news about the latest exits at Credit Suisse and Barclays
With 2016 trading revenues plunging (they’re down 20% year-on-year at J.P. Morgan) and European banks caught in an urgent need to cut costs, it’s hardly surprising that some banks are targeting their...
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How to dress as a woman in banking if you don’t want to be mistaken for a...
Sartorial correctness isn’t necessarily easy when you’re a woman in an investment bank. If you consult UBS’s ‘dress code’ (since withdrawn), the woman in finance should never display her toenails,...
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What European finance professionals in London really think about Brexit
If you work in the City of London, the general verdict seems to be that a vote to leave the European Union on June 23rd will be a bad thing for your career. A poll on our homepage currently suggests...
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