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Morning Coffee: Barclays layoffs dwindle from 85 to 30 a day. Former Goldman...
Of all the investment banks anywhere, Barclays’ was supposed to do worst after Brexit. In a note out before the UK referendum, Bernstein banking analyst Chirantan Barua warned that the British bank...
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Brexit negotiator’s timeline for the destruction of the City and the UK economy
Graham Bishop is not a cheerful man. Yes, he’s just been appointed as the external communications lead for the new Financial Services Negotiating Forum, but the circumstances that brought this about...
View ArticleWhy Wall Street won’t care if Trump stops French and Germans working there
Donald Trump’s tough talk on immigration has moved beyond the Muslim-Mexican paradigm. He wants to come down on French and German people coming into the U.S. too. In a broadcast this weekend, Trump...
View ArticleEuropean investment banks have got cost issues: some charts
This is the week that Europe’s investment banks report their second quarter results: in the next few days UBS, Deutsche Bank, BNP Paribas and Credit Suisse are all due to publish achievements between...
View ArticleThe key skill you need to survive in a Singapore buy-side job
The asset management industry is expanding in Singapore but in many ways it’s becoming more difficult to get a job in the sector, especially if you work in sales. That’s because asset management firms...
View ArticleWhy Asian private bankers prefer working for global private banks
Relationship managers in Asia would still much rather work for Western private banks, despite a major new study extoling the virtues of Asian-owned firms. Leading Asian private banks enjoy cost-income...
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Morning Coffee: This encapsulates the problem for aspiring young bankers...
So you think you might possibly want to get a job in an investment bank. Good luck with that: many try; few are chosen. Rather than going all out and blowing your money on a top Masters in Finance...
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UBS and Citi just made some big equity research hires
London headhunters say hiring is dying down for the summer, but equity research seems to be an exception. In equity research, big hires are still happening with surprising frequency. UBS just hired...
View ArticleWhy you don’t want to work for a UK or European bank after Brexit
As investment banks start thinking about where to base their employees in the post-Brexit world, are you really safer working for a large U.S. investment bank instead of a European or UK bank in...
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It’s getting much harder to bring in $1m a year in asset management sales
Sales staff in asset management can no longer expect to eat what they kill. The rise of index products and exchange-traded funds within the sector has made it much harder for buy-side firms to justify...
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The 6 top mainland European universities for finance jobs
If you’re looking for a banking job in Europe now, there are two very good reasons why you might want to eschew the UK’s top educational establishments and study in mainland Europe instead. The first...
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Actually, American bankers are still keen to move to Europe
While in general U.S.-based financial services professionals are less concerned about the fallout from Brexit than their European peers, many appear poised to capitalize on whatever knock-on effects...
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Six of the most interesting private equity professionals in Singapore
You want to work in private equity in Singapore, but you don’t quite know how to get your first job in the sector. Private equity is a comparatively small industry locally, while roles for those...
View ArticleMeet the Hong Kong banks that still pay their bonuses all in CASH
Want to work at a bank in Hong Kong where your bonus is paid entirely in cash and none of it is deferred, leaving you free to move jobs without sacrificing future income? Try a Chinese firm. An...
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Morning Coffee: 400+ hours of study to pass the CFA? The obscure hedge fund...
The CFA results are out. It is, of course, a tough nut to crack, even if you’ve undertaken the recommended 300 hours of study. Perhaps it’s necessary to do something extra special. Yesterday was the...
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How the hottest bankers get ahead in the summer
You’re a banker (.ie, you work in ‘banking’). Not just any banker – you’re the sort who makes it rain, causes a frisson of excitement among colleagues and clients when you walk into a room, who’s...
View ArticleAs pay falls 38%, do Deutsche’s excuses stack up?
Deutsche Bank is cutting pay for its salespeople and traders. It needs to. In the second quarter of 2016, compensation per head in its global markets business fell by 38% compared to a year earlier....
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This is how much you’ll earn as a trader in an investment bank on Wall Street
Sell-side traders’ salaries have been coming down over the past four or five years, and there are fewer trading roles within the U.S. bulge-bracket banks. In addition to pressure to cut costs, many...
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A helpful guide to U.S. investment banks in Germany
Frankfurt is the leading contender to benefit should banks decide to move jobs out of London after the UK’s Brexit vote. Being the first mover is a big advantage, but supposedly large U.S. investment...
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“If I act like a man, I’m seen as whiny.” Women’s image problem in investment...
Women working in investment banking or management consulting are facing an image problem. Acting like a man in a male-dominated industry doesn’t work, but displaying typically feminine qualities is...
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