Morning Coffee: The only people with safe jobs at Deutsche. Hiring, firing at...
Surprise! Deutsche Bank is making redundancies. The well-flagged layoffs at Deutsche’s investment bank finally arrived yesterday. According to Handelsblatt (via Reuters), 500 people at Deutsche Bank...
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Proof that improved performance is no shelter from redundancy
Investment banks are cutting staff again. With the exception of Barclays, the redundancies at Deutsche Bank and Bank of America are more trimming than wholesale axe swinging. However, if BoA follows...
View ArticleImpressive incompetence of ex-Credit Suisse trader Mark Stevenson
It’s a week for tales of failed trading scams. First there were the convicted insider traders who chewed up post-it notes with trading tips written on them. Now we have a foiled attempt to scam the...
View ArticleHeinous pay for Deutsche Bank MDs. And other Deutsche compensation facts
While everyone frets over Deutsche’s coming redundancies, the German bank has quietly divulged how and how much it paid its bankers last year. After a quick perusal of its remuneration report, we would...
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Why is Deutsche Bank’s Anshu Jain pulling this strange face?
We have come across a curious picture of Anshu Jain. It is published in Deutsche Bank’s annual report, which is out today. The picture, of Jain standing next to co-CEO Juergen Fitschen, is replicated...
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The 13 crucial charts from Morgan Stanley’s massive new banking report
Morgan Stanley and Oliver Wyman have released their giant new report on the future of banking. You can access the entire 74 page report by clicking this link: Morgan Stanley’s investment banking...
View ArticleHow to avoid looking like an idiot when applying for your first investment...
It’s happened again – an over-zealous Gordon Gekko wannabe has applied for an intern position at a bank, presenting himself as a new master of the universe and, once again, the recruitment team has...
View ArticleExperienced risk pros receive massive pay packages as poaching war ensues
If you want a middle office job with a fat paycheck and great job security, risk management appears the place to be. Banks are desperate for experienced risk professionals and are making big offers to...
View ArticleEight awesome answers to the most critical interview question in Asian banking
If you’re looking to relocate to (or within) Asia for a new banking role, be well prepared for the seemingly innocuous but crucial job-interview question that could make or break your candidacy: “Why...
View ArticleMorning Coffee: Goldman trader’s unpleasant appraisal. Bad boss seeks minions
How must you describe yourself at appraisal time if you work for Goldman Sachs? Standard fare such as, “I am a team player who has delivered value to the firm over the past year,” may not be...
View ArticleBonus culture is corrosive, says former Citi private banking chief who now...
When Richard Edgecliffe-Johnson started out in banking in the 1960s, it was a different world. Working for a small branch of Barclays, one of his duties – in Dickensian fashion – was to stoke the...
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Ex-SAC fund manager also happens to have been highly-successful male model
Malte Heininger has worked as an investment banker at Morgan Stanley and Credit Suisse as well as a junior portfolio manager at SAC Capital in London until earlier this year. All of this seems like a...
View ArticleEquity researchers on £150k decide it’s just not worth it
Equity researchers are leaving banks and joining hedge funds. Didier Scemema, the former head of technology research at Bank of America Merrill Lynch has collected his bonus and left for Odey Asset...
View ArticleWhy you don’t want to work for a hedge fund startup
Despite being trounced by the S&P last year, investor fervor for hedge funds has never been stronger. It comes as a bit of a surprise then to learn how brutal the environment is for most newly...
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The ancient chart reminding bankers not to become entrepreneurs
It’s Friday afternoon. You’ve been paid your bonus. You’re nearing the end of another long week. You have that urge to quit your job and create that app for locating the nearest petting zoo. The chart...
View ArticleHow to ace an investment banking interview, courtesy of UBS
Scouring the bowels of the Internet for other research, we came across an old gem. Someone has uploaded UBS’s 2010 investment banking recruiting guide for MBAs. While it was first put together four...
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How five years in finance take their toll
What will five years in a financial services career do for your appearance? What will Deutsche Bank’s senior managing directors look like when they finally get their deferred bonuses in 2019? What will...
View ArticleCareer Crunch: Why you look weak on email, six-figure temp jobs
Take a moment on your weekend to catch up on the top stories on eFinancialCareers over the past seven days. The best (and worst) ways to sign off a work email “Ciao Ciao” not up there among the methods...
View ArticleFour banks that are recruiting in Asia and what this means for the job market
Banks are hiring in Hong Kong and Singapore right now; some are even shouting about it. A flurry of expansion announcements from banks over the past few weeks, presumably designed to coincide with the...
View ArticleMorning Coffee: How to become a top hedge fund manager in your mid-30s....
So you want to become a renowned hedge fund manager? Financial News’s Rising Stars of Hedge Funds feature offers some hints on how to go about it. Firstly, you might want to be keen from an early age....
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