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Morning Coffee: The massive bonus that Deutsche Bank wishes it had never...
As well as being fascinating in themselves, reports from the latest round of LIBOR trials are a real reminder of how good things used to be at Germany’s national champion, not so long ago. For the...
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This is how much Edward Eisler will be paying all those Deutsche Bank people...
Edward Eisler is nothing if not consistent. In 2016, he paid employees working in the London office of his eponymous hedge fund an average of £436k each, excluding social security costs. In 2017, he...
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What it’s really like to retire from trading before you’re 40
Jobs in finance aren’t as highly paid as they used to be, but plenty of people still get paid enough that early retirement is a realistic prospect. A lucky few could even walk away from their jobs...
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Now Google is hiring Goldman Sachs technologists for its sales roles
If you’re a technologist who aspires to leave Goldman Sachs and work for Google, you might be interested to know that you don’t necessarily have to be a software engineer at the technology firm: Google...
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Do banks’ returnship programs really work? A look at where returnees are today
Goldman Sachs started the trend a decade ago, and most every big bank has since followed suit. Paid internship-like programs designed for experienced candidates who voluntarily left the workforce for a...
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Bank gives its employees corporate trainers to wear to work
Remember that UBS dress-code? The one that commanded women at the Swiss bank to avoid black nail varnish and everyone to trim their toenails? This week, another Germanic bank has pushed the boundaries...
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Banks in Singapore still scouring the globe to find their technologists
Banks in Singapore are still recruiting specialist senior technologists from abroad, in a bid to overcome local talent shortages and competition from tech firms. But overseas hiring at a junior level...
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Morning Coffee: The bank that dumped its most senior traders to hire newer,...
It’s not unusual for banks to indulge in what is commonly known as ‘upgrading’, but rarely has it been quite so brazen as at Nomura. You will (or might) recall that back in July Nomura suddenly...
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Natwest Markets is gathering a new reputation for paying rather well
Have you heard? Natwest Markets (AKA the old RBS) is a bit of a payer? So say various headhunters who claim to have seen it in action, bidding for candidates. “Everyone still thinks Natwest Markets is...
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This is how much Google pays people at DeepMind in London
As banks dangle their feet in the murky waters of machine learning and spend big money recruiting artificial intelligence professionals for what have so far been uncertain returns, they may want to...
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Meet Deutsche Bank’s secret 30 year-old credit trading star
Deutsche Bank’s credit trading business is quite something, according to financial services intelligence firm Coalition, which ranked it joint first with J.P. Morgan and Bank of America Merrill Lynch’s...
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How much more consultants earn at McKinsey, Bain and BCG than the Big Four
It should come as no surprise that management consultants who work at McKinsey, Bain and Boston Consulting Group (BCG) – the MBB firms – make more money than their counterparts at other big consulting...
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The art of being a woman in banking: Not too pretty, not too nice
If you work in banking, you will know that the industry is not short of women. In the bottom ranks, we’re everywhere. Research last year showed that women now make up 58% of the junior staff in finance...
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Nomura is quietly building its New York solutions team too
Nomura isn’t just building its credit solutions team in Europe. The Japanese bank has also hired a Deutsche Bank vice president for its team in New York. Benoit Martin is set to join Nomura’s risk...
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Morning Coffee: Why it just became more difficult for men to get a job at...
New Goldman Sachs chief executive David Solomon has long championed gender equality on Wall Street, publicly pushing banks to employ more women, particularly in leadership positions, the vast majority...
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The three skills you need to get a first job in trading in 2018
If you want a trading job at an investment bank or a fund or hedge fund today, you’ll need a strong interest in the markets. You will also need a deep understanding of and tolerance for risk, and an...
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Morgan Stanley lost its top algorithmic trading strat you never heard of
If you’re not familiar with the name Jas Sandhu, you can probably be forgiven. If you are, you are likely part of a small group of people at the top of the hottest hiring area for investment banks this...
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How afraid should bankers be of John McDonnell and Jeremy Corbyn?
The Financial Times is reporting today that multimillionaires in the UK are setting offshore investment accounts as a hedge against a Labour government run by John McDonnell and Jeremy Corbyn. They...
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Former Credit Suisse exec joins BofA’s scandal-laden prime brokerage unit
A longtime Credit Suisse veteran has joined Bank of America’s prime brokerage business in New York that made headlines earlier this year after its top executive was fired after allegations of sexual...
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“I’m a managing director in an investment bank. Young people think I’m deeply...
Banking isn’t sexy. It’s a cliché, but as with all the best clichés it’s also completely true. I’ve spent 14 years working in finance in NYC, latterly as a managing director. You might think I’m a sort...
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