Clik here to view.
Morning Coffee: What you didn’t know about Jes Staley and the whistleblower....
The Financial Conduct Authority’s investigation into claims of Jes Staley’s inappropriate treatment of a “whistleblower” continues to drag on without a conclusion in sight. But anonymous insiders told...
View ArticleClik here to view.
This bank quietly made some huge cuts to its prime brokerage business
Credit Suisse has taken an axe to its U.S. prime brokerage business. Two weeks after we predicted a round of redundancies following the departure of global head of prime brokerage, Indrajit Bardhan,...
View ArticleClik here to view.
Barclays just made a major technology hire for its equities business
Barclays has got itself a senior technologist as it looks to reinvigorate its equities business. Eric Anderson, the former global head of equities and prime technology at Nomura Securities, joined the...
View ArticleClik here to view.
What U.S., French, German, and British bankers are like on all-nighters
A German banker, a French banker and an American banker are working together at 3am. ‘Where is my desk’, says the German banker, taking out his GPS amidst the closely huddled furniture covered with...
View ArticleClik here to view.
Why most data scientists are no good for banking
Just because you’re a data scientist, don’t presume you’ll get hired by an investment bank. This is the message from Shary Mudassir, a managing director in global equities trading at RBC Capital...
View ArticleClik here to view.
Sam Wisnia is leaving Deutsche Bank for Eisler Capital
Sam Wisnia is leaving Deutsche Bank Sources say Wisnia resigned this morning. Deutsche Bank declined to comment. Wisnia is off to join Eisler Capital, the $2.6bn macro hedge fund set up by former...
View ArticleClik here to view.
So you thought you’d earn more than $250k in banking? Almost certainly not
The average compensation – salary including bonuses – in New York City’s securities industry was $375k in 2016 – five times higher than the $75k average for the rest of the private sector. However,...
View ArticleClik here to view.
Morning Coffee: Senior technologist suggests horror of working in bank’s tech...
Kim Hammonds had a long career working in technology for corporates before becoming chief operating officer at Deutsche Bank in 2015. She was, for example, chief information officer at Boeing, where...
View ArticleClik here to view.
Is Deutsche Bank crumbling from the top?
Deutsche Bank will miss John Cryan. Yes, its share price has fallen 57% during his reign. Yes, there are still costs to be taken out. But Cryan is a steady pair of hands. He’s “outstanding” according...
View ArticleClik here to view.
The biggest risk to Deutsche Bank if John Cryan goes
What is happening at Deutsche Bank? Today’s Times story suggests that not only has John Cryan lost the confidence of the board, but that the board has is busy selectingpotential candidates to replace...
View ArticleClik here to view.
Why leveraged finance is the perfect route into private equity, by a banker...
Most people who start their careers in the investment banking division of an investment bank (“the sell-side”) aim to move into private equity (“the buy-side”). If this is your aim, you may want to...
View ArticleClik here to view.
If you’re moving to a hedge fund for the money, you’re probably making a mistake
You’ve finally made it to the buy side. You’ve convinced somebody that you’re ready to step up and put real capital to work. The real question now is, do you get the orange Lamborghini or the white...
View ArticleClik here to view.
Morning Coffee: When the man who hired you stabs you in the back. Machine...
When John Cryan was hired as Deutsche Bank CEO back in the summer of 2015 it was the bank’s chairman Paul Achleitner who effectively gave him the job. Now, however, Achleitner is the man who is...
View ArticleI did a global EMBA in the heart of Singapore. It’s taken my finance career...
Melissa Mithra is in a senior role at a top financial institution in one of the most sought-after functions in her sector: risk management. For most of the last decade she has advanced her career via...
View ArticleClik here to view.
The new skillset that barely exists but banks are desperate to hire
Every era has some procedural buzzwords. From the “electronification” of trading to “regulatory change” and “business rationalisation”, operational trends define the environment for all who work in the...
View ArticleClik here to view.
When the new MD is an idiot who loves bureaucracy
Some managing directors in investment banks love to be in charge. They love to have a team of people reporting into them, but they can’t be bothered to deal with all the human issues it entails. So...
View ArticleClik here to view.
A senior technologist just resigned from Credit Suisse, allegedly for...
Ramji Halai, the global head of emerging markets technology at Credit Suisse has resigned. Halai is understood to be leaving the bank at the end of April. Halai is a Credit Suisse veteran, having...
View ArticleClik here to view.
How to earn $1m+ as a quant in finance
Certain candidates with the right quantitative skill set and a STEM MS or PhD who can code and understand how to manipulate data to their employer’s advantage have been inspiring bidding wars between...
View ArticleClik here to view.
Morning Coffee: The new most precarious jobs in banking? J.P Morgan and the...
Maybe James Gorman was right? Back in January, Morgan Stanley’s boss cautioned against joining European banks on Wall Street because, he said, they have a history of expanding in the U.S. only to...
View ArticleClik here to view.
The investment bank gender discrimination index
Investment banks talk a good talk when it comes to combating gender discrimination. They all have anti-discrimination programmes. They all have gender champions. But the UK government’s new requirement...
View Article