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Another senior quant trader just quit BAML for Goldman Sachs
Remember Michael Steliaros? He’s the former global head of quantitative solutions trading and EMEA head of agency portfolio trading at Bank of America Merrill Lynch (BAML) who disappeared in August...
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The U.S. banks with the biggest Wall Street hiring plans in 2018
There’s a little more than a month to go in the first quarter of 2018, and many banks are hiring on Wall Street to double-down on areas that were strengths in 2017 and to bolster struggling businesses....
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It’s time banks stopped hiring saleswomen for their looks
This is going to sound sexist, but I attend a lot of conferences and it always disillusions me when I see stands filled with attractive women whose main purpose seems to be gaining the attention of the...
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The 11 worst career decisions that junior bankers make
Everyone makes blunders early on in their career, even they eventually end up at the top. Here are the most common lapses in judgment and plain-old poor decisions that junior bankers make. 1. Playing...
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Paltry redundancy payments for laid off Deutsche Bankers
Bankers who are being laid off at Deutsche Bank have a new insult to add to their injuries: small severance payments. According to those who’ve been let go, the bank is paying the UK statutory minimum....
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Morning Coffee: The allegations of sexual misconduct at Bank of America just...
Bank of America’s decision to fire Omeed Malik, one of the top executives in its prime brokerage unit, doesn’t entirely appear to have stemmed the scandal surrounding Malik’s alleged activities at the...
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Resignations and redundancies at Bank of America’s equities business
Bank of America’s European equity derivatives business has been hit by a spate of resignations and what we understand is a significant redundancy. In the past few weeks, insider say four senior people...
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It’s a great time to find a U.S. M&A job, thanks to Trump
If you’re looking for an M&A job in the U.S., the Republican’s recent tax bill could provide just the fillip you need. U.S. corporations are going to be getting a huge windfall – Warren Buffett...
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As Goldman Sachs hires in FICC, some of its best young staff are leaving
As you will probably know, Goldman Sachs wants to revivify its fixed income currencies and commodities (FICC) business. After several quarters of miserable performance, the U.S. bank has a plan to...
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Morning Coffee: The hard reality of life in a top hedge fund. Guess who’s...
It’s hard out there for a hedge fund manager. When the times are good, you’ll make a mint, but job security isn’t great by any means. Here today and, if your investment strategy goes south, gone...
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The hot new finance job for today’s ambitious graduate
College graduates are often advised that the best jobs for them may be ones which do not exist yet. One such job in the financial markets might be “cryptocurrency compliance officer”. A year or so ago,...
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Goldman Sachs analyst quits to become director of crowdfunding platform
If you’re a junior in banking who’s getting out of banking after bonuses have been paid, you used to head for a private equity fund or a hedge fund. Not any more. Today’s banking escapees have a...
View Article“I interned in PE and wealth management. These were the differences…”
Should you pursue an internship in wealth management or private equity? Here’s what you need to know to make an informed decision. As a summer analyst in wealth management, most of the day-to-day...
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Banks ramp up recruitment for shareholder advisory and activism defense teams
Some of the hottest jobs on Wall Street right now are within banks’ activism-defense practices specifically and their mergers-and-acquisitions advisory groups generally. Demand has surged for that...
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Morning Coffee: Predatory male banker said to abuse female junior at Credit...
The finance industry has always had a reputation for sexism. Whilst this is being sharpened by revelations that bonuses across Barclays are, on average, 78% smaller for women than for men (admittedly,...
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The banks that need to cut costs in 2018, by division and region
Are you working for a bank that can afford to pay you and to invest in the sort of infrastructure that will keep clients coming your way in 2018 and beyond? The latest set of charts from financial...
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A senior trader just quit Millennium for Citadel’s expanding macro unit
Some macro hedge funds have suffered in the recent volatility. This isn’t preventing others from hiring. Citadel’s new macro unit is a case in point. The unit is understood to have recruited Antonio...
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The differences between the West Coast and East Coast finance scenes
Do you want to start your finance career on Wall Street or in San Francisco? The finance culture on the East Coast is very different from that on the West Coast. If you’re right for one, you may not be...
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Another study discovered that people in finance aren’t especially intelligent
There are many reasons why you get paid more in finance than in other industries, but your superior intelligence is probably not one of them. So says a new study of Swedish finance professionals...
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The sell-side is for suckers. All the best people are now on the buy-side
Like many people on the buy-side, I started my finance career working in research for an investment bank(on the sell-side). When I got my first sell-side job, I was so happy! I thought I was going to...
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