‘Unlucky’ ex-SAC London traders are off to the Philippines on Friday
For those with short memories, SAC, the beleaguered U.S. hedge fund recently fined $1.8bn for insider trading, is closing its London office before the end of this year. In the process, it will free at...
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This is the good and the bad news about the bonuses at RBC Capital Markets
The Royal Bank of Canada has released its full year results. Much like Jefferies, RBC is interesting because it reports before other banks and therefore offers and indication on the health of the whole...
View ArticleDrug-free methods to avoid banker burnout
If it wasn’t pre-crisis, investment banking is now one of the most stressful careers on the planet. The hours are brutal, the expectations are lofty and there are fewer seats available than at any time...
View ArticleRBS is trying to convince tech contractors to stick around
Technology contractors working on RBS’s IT platforms are being offered retainers to ensure that they see projects through to completion as the bank struggles to attract workers to replace its legacy...
View ArticleDaily Dispatches – Deutsche Bank, Mitsui employees arrested in Japan over...
Two staff members – one from Deutsche Bank’s brokerage unit and a former employee at Mitsui & Co – have been arrested in Japan in connection with ‘excessive entertainment’ spending that has drawn...
View ArticleFew green shoots for ‘grey hairs’ in Asia-Pac financial services
News that UBS is looking to hire senior bankers - the so-called ‘grey hairs’ – in Europe will be welcomed by finance professionals who feel discriminated against because of their age, but there are no...
View ArticleMorning Coffee: Sudden death for Mayfair hedge fund jobs; global head of...
Hedge fund jobs in Mayfair received a knock in the U.K. government’s Autumn Statement yesterday. The Telegraph points out this morning that the statement included a promise to crack down on tax...
View ArticleBarclays is building a new equities sales desk
Barclays has been building out its equities team for nearly four years now, as it looks to position itself as a major player in the sector, but it’s not finished yet. It’s set to launch a new equities...
View ArticleCredit Suisse boasts an HR professional who can spin on one hand whilst...
What’s the most special skill possessed by persons working in banking? Is it an ability to complete multiple triathlons? No. Is it an ability to rap professionally? No. It is the ability to...
View ArticleSenior traders in investment banks reject the accusation that they’re...
Last week’s article on the presentation put together by ex-Goldman Sachs trader Anton Kreil caused a bit of fuss. To recap, Kreil said trading jobs in investment banks are now poorly paid and...
View ArticleBernie Madoff robbed a dead guy, and nine other astounding allegations made...
Just three months after being arrested, in March of 2009, Bernie Madoff pleaded guilty to all 11 federal charges, cementing his future behind bars. While the quick conclusion was a clear win for...
View ArticleIs Paris the harshest city in the western world in which to be an M&A banker?
Hemingway hung out in Paris catching fish in the Seine. Orwell hung out in Paris working as a dishwasher. Auster have lived in Paris before he became famous. But if you’re an M&A banker in Paris,...
View ArticleCareer Crunch: How to lead an investment banking division before 30,...
If you’ve been too busy to keep up with the news related to financial services, take a moment to recap on the most popular stories on eFinancialCareers this week. This 29 year-old banker went from 3rd...
View ArticleAustralian IPO activity signals good hiring prospects for 2014
The flurry of listings on the Australian Stock Exchange (ASX) in the remaining weeks of 2013, and expectations of similar momentum in 2014, bode well for hiring by the banks, with many recruiters...
View ArticleDaily Dispatches – Offshoring Singapore finance jobs knocks jobs sentiment
Singapore’s finance workers are feeling increasingly insecure about their jobs as financial services firms move to offshore certain job functions to lower cost centres such as India and the...
View ArticleFed warning about banks’ outsourcing has dire implications for recruitment...
The US Federal Reserve (the Fed) has warned its member banks about using contractors, a caution that could have wide-reaching implications for financial institutions, temporary financial workers, and...
View ArticleMorning Coffee: Retention packages at RBS? Ex-Goldman secretary advising...
Nathan Bostock is leaving RBS at an inopportune moment. The British bank’s finance director, who has only been in his role since October, is suddenly quitting for a better job (deputy chief executive)...
View ArticleBanks get all Scrooge-like on their contractors
If you are an IT contractor working in banking, you are advised to book your skiing trip now – most institutions are now rolling out a mandatory ten days’ holiday before Christmas to cut costs. This is...
View ArticleThis is how much you should earn now as a front office banker in your 20s,...
Do you work in a front office sales, trading or advisory role in an investment bank? Are you well paid? The answer is almost certainly yes if you’re comparing yourself to the average UK pay packet of...
View ArticleSeeking new opportunities: Meet the recently-unemployed SAC London staff
It’s Christmas, a time for charity and reflection. Or in the case of most investment banks, compiling a list of underperformers to oust in the new year and therefore preserve the bonus pool. But spare...
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