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Alasdair Warren is out at Deutsche Bank
It has happened: Alasdair Warren, head of the corporate finance business for EMEA at Deutsche Bank, has left Deutsche Bank to, “pursue other opportunities.” Deutsche announced Warren’s exit internally...
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Morning Coffee: Banks are intentionally freaking out their employees....
Like some clichéd science fiction movie from the 80s, many people who work in banking are looking over their shoulder, worried that the machines are coming for them – or at least coming for their jobs....
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Why equity researchers are benefiting from MiFID II
MiFID 2 and equity research – don’t forget the internal clients Equity research has been expecting the worst ever since it became clear last year that the European Commission was not going to...
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How a job invented by Goldman Sachs took over the banking industry
Blame J. Aron. The commodities trading firm which formerly housed Goldman Sachs’ CEO Lloyd Blankfein was ground zero for a job that is coming to define the contemporary investment banking industry. –...
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My lavish junior banking job that was too good to be true
When I accepted my offer to join the investment banking division of Stanford Group Companies, I was thrilled to have landed a six-figure position as a first-year analyst and get to live in South Beach,...
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Deutsche Bank promises bonuses as it lets go of MDs promoted in March
No one is safe at Deutsche Bank. Not even the people who were promoted to managing director only three months ago. With CEO Christian Sewing promising to, “significantly slim down,” Deutsche’s ranks of...
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Morning Coffee: Goldman Sachs finds way of getting tech staff to work nights...
It’s usually analysts and associates in investment banks who work through the night, making last minute changes to pitchbooks or pulling together material for live deals. Despite complaints about the...
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Former Goldman Sachs, Cravath alum launches boutique advisory shop
A corporate lawyer who cut his teeth working M&A deals for Goldman Sachs in London has put up his own shingle in the U.S. David Willard launched boutique advisory 52 Capital Partners in the San...
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It’s not just Deutsche Bank: these banks urgently need to cut heads as well
By the end of this month, Deutsche Bank will have finished laying people off at investment bank. So says CFO James Moltke. Any surviving DB staff should be safe; they may even get a retention bonus to...
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I was a senior banker in Asia. I ended up flipping burgers in McDonald’s
Whether out of arrogance or ignorance, bankers are renowned for taking a dim view of their human resources colleagues. But what happens when a banker unexpectedly becomes an HR professional? Sehr Ahmed...
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Morning Coffee: Why Bank of America’s best bankers are leaving. Don’t count...
Bank of America and its top executives still have bruises from the financial crisis that have yet to heal. While other U.S. banks are pushing forward with aggressive deal-making, Bank of America is...
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Commerzbank credit traders quit before Deutsche Bank merger happens
The on-off marriage of the decade is on again, possibly. Bloomberg reports that Deutsche Bank’s discredited chairman Paul Achleitner has spoken to DB’s shareholders and ‘key government officials’ about...
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Head of cash equities said to leave Exane BNP despite award success
Insiders at Exane BNP Paribas say Vincent Rouviere, head of cash equities trading at the bank, has left, “suddenly and surprisingly.” Exane BNP Paribas declined to comment on the apparent exit and...
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I gamified my life and got into banking. And now I’m moving on
“That’s how you’ll get the dolls”, said my mom. When I was a child, my family was too poor to buy us toys. My dad’s business was struggling. My mom was juggling our resources to make ends meet. As a...
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Morning Coffee: The bank whose top compliance professionals are accused of...
For a bank, it’s hard to imagine a more damning indictment of internal culture than having the compliance professionals who are supposed to police conduct themselves accused of acting inappropriately....
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Work in banking? This man wants to be your boss
The banking industry usually has at least one of a particular type of character – the guy whose name is always in the frame for every top job going. It used to be the role occupied by Jamie Dimon,...
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Deutsche Bank’s ex-IT executives seem to be doing just fine
Ever since John Cryan’s Strategy 2020 mooted a total shakeup of Deutsche Bank’s IT division in 2015, technology at the German bank has been in a state of flux. The exit of COO Kim Hammonds in April...
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How it feels when you’re a client of Goldman Sachs
I am that person: a sell-side guy who now works on the buy-side. I came from a big U.S. bank to a small investment firm. – A small investment firm. Not one of the big players, or the prestigious...
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Morning Coffee: The forgotten senior banker now paying dearly for the...
Among people who want to see ‘bankers’ paying painful penance for their role in the financial crisis, it’s a popular refrain to complain that the perpetrators haven’t been jailed. In the case of ex-RBS...
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Structured credit professionals are back in fashion at Goldman Sachs
Almost a decade after the global financial crisis, structured credit professionals are back in vogue at Goldman Sachs. Goldman recently hired Omar Waly, a former director at Credit Suisse who worked in...
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