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Morning Coffee: Morgan Stanley’s boss and the bonuses that “horrify” parents....
Among the adjectives people have used to describe the annual banking bonus round, “horrific” has been unfortunately common over the past few years. But in an interview with the Australian Financial...
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Ex-Deutsche Bank director assumes major role at Mizuho
A director has left Deutsche Bank for a far more fancy job at Mizuho. Jon Murray, a former DB director, has joined the Japanese bank’s London office as the head of equity capital market syndicate and...
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Nomura quietly hired itself a new head of swaps trading
Nomura has quietly brought hired a former Credit Suisse managing director as its new head of swaps trading. Arif Merali joined Nomura in September as a managing director in charge of GBP swaps trading...
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Circus music, freezing temperatures and possibly the worst CFA blunder ever
The fallout from December’s CFA exam is always unique because it only includes Level I, meaning most are first-time test takers (or they already failed at least once). While Saturday’s session didn’t...
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JPMorgan’s new guide to machine learning in algorithmic trading
If you’re interested in the application of machine learning and artificial intelligence (AI) in the field of banking and finance, you will probably know all about last year’s excellent guide to big...
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The best and worst fintech companies to work for
By all accounts, working at a fintech company can be a bit of an acquired taste, particularly for those who have spent the majority of their career working at traditional banks and other established...
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COMMENT: The desecrated image of the Arc de Triomphe has horrified London...
Paris got ahead of itself. Ever since the start of Brexit and the tortuous negotiations of the British government, the victorious chants about the future place Paris will occupy in the Pantheon of...
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A top Credit Suisse sales trader in London just quit for Bank of America
We may be late into the fourth quarter of the year, but one of Credit Suisse’s top London sales traders has just handed in his resignation – apparently for Bank of America. Credit Suisse insiders say...
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Morning Coffee: Mass job cuts at the high paying hedge fund that poached...
When blue-chip hedge funds start making offers to junior bankers, there’s a clear trade off between risk and return. On the one hand, it’s the buy-side and hedge funds can pay very well indeed. On the...
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This is what happens when you stop being a tech associate at Goldman Sachs
Just as corporate finance divisions lose junior staff to private equity funds and sales, and trading divisions lose them to hedge funds, so big banks’ technology divisions are also at risk of suffering...
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Do you suffer from ‘buy-side personality disorder’?
There is never a nice time to talk about nasty things. But there is a phenomenon in our industry which many people suffer from – it’s an occupational hazard and it needs to be brought out into the...
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The most in-demand programming languages at every Wall Street bank right now
In terms of raw job openings, December appears to be one of the worst months to be looking for work in banking. The number of job vacancies tends to drop as hiring managers wait for new budgets to be...
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COMMENT: I am a hedge fund analyst and my portfolio manager is sucking all my...
The year is nearly over. If you work in finance, this is a special time. It’s when we can look back and think about lessons learned, be thankful for our families and co-workers. A time to… hahaha, Just...
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Google’s DeepMind keeps pinching talent from investment banks
DeepMind, the Google artificial intelligence division that has just found a way to predict protein folding, is hiring. At the end of 2017, it had 700 staff, up from around 100 three years earlier. It...
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Morning Coffee: The best job in finance turns out to be a facade. Ominous...
Who hasn’t dreamed of working for a hedge fund? After all, there’s the pay, the prestige and the opportunity to prop trade rather than simply making a market. Hedge fund jobs have it all. – Don’t they?...
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COMMENT: Is Python really the best language for data science in finance?
Programming languages… How many of us haven’t witnessed debates on advantages of one programming language over another? These debates are at least as common as those on the relative merits of Emacs...
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The top 25 universities for getting a front-office job at J.P. Morgan
The latest in our series on top universities for high-paying finance jobs focuses on J.P. Morgan, which says it receives north of 45 CVs for every job that it advertises. It helps, therefore, to study...
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Millennium Management poaches another Goldman Sachs veteran
Millennium Management continues to pick on Goldman Sachs as it looks to fill seats left vacant by rampant poaching from ExodusPoint, the new hedge fund led by former Millennium star trader Michael...
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Morning Coffee: This is where you will make money at the Big Four. Blame...
Some areas of banking and finance aren’t as remunerative as they used to be. With some banks’ shares at record lows, all those deferred bonuses (paid in shares) aren’t nearly as valuable as they used...
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COMMENT: These new ‘trader-coders’ are a problem for the real coders in banks
I’m a software programmer in an investment bank and I can see a problem on the horizon. Right now, I produce software for a derivative trading desk, but this year that desk has begun hiring computer...
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