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RBS traders outperformed (again). This is how much they’re paid
Nowadays, traders at RBS’s investment bank work for an entity known as NatWest Markets. This is in memory of the old NatWest Securities division acquired by RBS in 2000. When it comes to compensation,...
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What no one told you about the investment banking dress code
Banking is a people business.You might think it’s about the numbers, but it’s not. It’s about what people think about you and what you think about them. Perception becomes reality. In a world like...
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Deutsche Bankers complain they still don’t know who’s being laid off
It’s been a full working week since Bloomberg first reported news of Deutsche Bank’s imminent 250-500 investment banking redundancies and insiders are starting to feel a bit twitchy. They still don’t...
View ArticleCitigroup Malaysia CEO: “Why I’ve stayed at my bank for 27 years”
Lee Lung Nien has worked for Citigroup for the best part of three decades and he’s clear about what’s motivated him to stay for so long. “I’ve been based in London, New York, Singapore and Kuala...
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Morning Coffee: Goldman Sachs associates’ weird weekends. Deutsche Bank...
If you’re an analyst or associate at Goldman Sachs these days, you get Friday nights off. Some Goldman juniors are said (by others) to spend their weekends in states of mild debauchery. Others catch...
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Five ex-Credit Suisse equity derivatives MDs founded a new hedge fund
Five former senior Credit Suisse equity derivatives professionals have come together to set up a new UK-based hedge fund, Pluris Capital. The five founders are: Eric Van Laer, Credit Suisse’s ex-head...
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Top quantitative trader quits Citi after bonuses
A London-based top quantitative trader quit Citi after seven years earlier this month. Jun Liu was Citi’s head of short-term interest rate trading quants. His Linkedin profile suggests he left Citi...
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The hottest new hedge funds in the U.S. – and who they’ve hired
Despite industry-wide performance challenges and fee pressures over the past few years, there were plenty of new hedge funds that debuted in 2017, and many new launches announced this year already....
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Jeremy Corbyn’s Brexit speech won’t do anything to secure banking jobs
As is probably appropriate for someone who has declared himself a “threat” to banks, which he accuses of being, “destructive”, “pernicious and undemocratic”, UK Labour leader Jeremy Corbyn’s speech on...
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Does Goldman Sachs now pay its tech juniors more per hour than its bankers?...
If you want to earn good money in an investment bank and to have a life, you might want to work in an investment bank’s technology division. As banks try to hire and retain thousands of STEM students,...
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Eric Schlanger, head of equities for the Americas at Barclays, is said to be...
Eric Schlanger, the head of equities for America at Barclays, is understood to be leaving the bank. Insiders say Schlanger is retiring and gave in his notice before bonuses were paid. Barclays is...
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Morning Coffee: The big risky trade to make with your banking career in 2018....
To the extent that 2018’s banking job market bears any resemblance to 2017’s, there will be one big and potentially risky trade to be made with a banking career in the months to come: leave a U.S....
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How persistence and charm got me a markets internship at J.P. Morgan
No online tests. No video interviews. No group work. So, how hard can the J.P. Morgan recruitment process be? The answer is, very hard indeed. I know: I have been through it. I’ve also got an offer to...
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Miserable pay at Standard Chartered as markets revenues decline
When Bill Winters, CEO of Standard Chartered, presented the bank’s full year results to shareholders today, they were titled, “Here for good.” This may be so, but people who stay at Standard Chartered...
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War for talent on Wall Street starts early as banks begin recruiting for 2019
Not long ago, Wall Street banks opened summer intern applications in August. Now they seem to be opening them in February for students at target universities in the U.S. Last week, staff at the...
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J.P. Morgan disclosed that its FICC traders merit the highest pay in the market
Are you a fixed income currencies and commodities (FICC) trader at J.P. Morgan? Did you get paid well compared to your friends at other banks for last year? You probably should have been: J.P. Morgan...
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Morning Coffee: 56-year-old Goldman banker’s new way of getting 22-year-old...
It’s one thing when a senior banker gives his analysts more time off to party at the weekend; it’s quite another when he wants to party with them. Back in 2013, David Solomon, currently president and...
View ArticleI’m studying for an MSc but still holding down a busy finance job. Here’s how
Flexibility, quality and diversity. These are the key attributes of the online, part-time MSc in Global Finance at the highly regarded Cass Business School. Taking a long period of time out from work...
View ArticleMy big career change from tech consultancy to Singapore investment banking
Kathy Zhou stood out from her peers when she joined the analyst training programme at an investment bank in Singapore in 2016. Most of the new recruits in her cohort had just completed their...
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Bank by bank, these are the new hiring priorities for 2018
Where will the hiring happen for the biggest investment banks in 2018? Now that the banking megaliths have reported their full year results for 2017 and given their guidance for the year ahead, we have...
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