Further eruption of post-bonus departures at Nomura in London
People are quitting Nomura’s London office. This may have something to do with the fact that the Japanese bank paid its bonuses in mid-May. According to headhunters, those bonuses were not especially...
View ArticleHalf your office is probably participating in insider trading
Well, maybe that’s a slight overreaction. But the practice is likely much more widespread than anyone had previously thought. An eye-opening new study from professors at NYU Stern and McGill University...
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Five things I think I’ve learned from living across from a bank
About a month ago, I moved from the financial district in lower Manhattan to the west side of the island. It just so happens I moved directly across from the entrance to Citigroup’s new downtown...
View ArticleA banking intern’s guide to pulling all-nighters
In theory, banks are going easy on their interns this summer. In reality, life as an intern can still be tough. As an intern, you still ought to stay later than most people and you still might be...
View ArticleThe second-tier banks now offering stable careers in Asia
The attraction of so-called second-tier banks is on the rise in Asia, as finance professionals increasingly seek stable employers offering career-progression opportunities. “There is no doubt that the...
View ArticleMorning Coffee: New Chinese investment bank hiring 40 in London. Junior...
If you want to work for a Chinese investment bank in London, you are in luck. Financial News reports that China Merchant Securities (CMS), China’s third largest securities firm, has opened an office in...
View ArticleCharacter traits employers want to see in their interviewees, country by country
Financial services is a global industry, and the chances are that you’re not British just because you’re applying for a job in London or American if you’re interviewing for a job on Wall Street. This...
View ArticleBanking attracts untrustworthy individuals who are then revered as child...
Two new studies cast an unfavourable light on the sorts of people who go into banking careers and the way non-finance people relate to them. Finance, it seems, attracts selfish people whom no one quite...
View ArticleBetter gender diversity might have cured what ails Deutsche Bank
Like most every other financial firm, Deutsche Bank has had its fair share of problems. FX and interest rate manipulation allegations, just to name a couple. So, how could they have avoided such...
View ArticleMore senior bankers head for the exit at Barclays’ London operation
Barclays has been losing senior bankers across the U.S. and Asia as it rolls out its new strategy that will eventually see 7,000 employees cut from its investment bank depart over three years. In the...
View Article25 pieces of power jargon to stun banking interviewers with
You have an interview for a job in banking and finance. Aside from polishing your shoes and memorizing ever element of your resume as recommended by recruiters at Goldman Sachs, what must you do to...
View ArticleMorning Coffee: Ex-trader who couldn’t stand his commute makes £450m. The...
Do you work in the City of London and live in the suburbs? Do you find your daily commute excruciating? Why not step back and set up your own company in a nearby barn? That’s what Lance Uggla did, and...
View ArticleMillennium Capital targets CIOs of rival funds
Millennium Capital Partners, the expansionary hedge fund that has been poaching from investment banks’ prop desks over the past two years, has made two high-profile hires from smaller competitors. Max...
View ArticleCVA traders left stranded as XVA becomes big new acroynm
A few years ago, CVA trading was the big new thing. Now, however, the counterparty valuation adjustment (CVA) desks which hedge against a bank’s aggregated counterparty risk are old hat. And recruiters...
View ArticleBig redundancy packages at Barclays, head of U.S. rates trading quietly departs
How much is Barclays offering its people to go without a fuss? As we reported yesterday, Barclays’ London operations have been leaking senior staff ever since the bank announced plans to make nearly...
View ArticleHow bankers on $100k have better lifestyles than bankers on $250k
If you’re a banker earning $250k (£147k), you might expect life to be sweet - or at least sweeter than if you’re only on $100k (£60k). Unfortunately, it’s not that simple. By virtue of the crazy cost...
View ArticleCareer Crunch: What job a CFA will achieve, where bankers would dearly love...
If you’ve missed out on the top stories on eFinancialCareers over the past week, simply take a moment to catch up with these headlines. The jobs you’ll most likely get with CFA qualifications. And the...
View ArticleThe banking careers now deemed to have a bright future in Singapore
Singapore’s finance sector may not be expanding at the rapid rate of recent years, but certain banking careers have been singled out by the country’s Deputy Prime Minister as having a prosperous...
View ArticleMorning Coffee: Beware hedge funds dangling unattainable pay packages. Last...
Hedge funds are known for paying well. They are also known for paying a large proportion of their compensation in bonuses and – often – for allocating compensation on a formulaic basis. However, hedge...
View ArticleAn unlikely refuge for senior traders and bankers
When it comes to investment banking, Standard Chartered hasn’t always been viewed as the most attractive place to work – it reportedly pays less than larger firms, rarely makes it into the top ranks of...
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