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Equities upset at Nomura as laid off banker gets miraculously rehired
Nomura’s equities business has not been a happy place to be. As we were first to report in March, the Japanese bank cut around 20 senior equity research staff shortly before bonuses were due to be paid. Now, it seems one of them has been reinstated. Headhunters said Nick Coulter, a food retail analyst, who […]
Twenty five people who can get you a job in banking
If you want a job in banking, you will need to network. A failure to properly engage and to direct applications to named individuals is one reason why your attempts to land a job in banking may fail. With this in mind, we’ve provided a non-comprehensive, non-alphabetical, sort of off-the-cuff list of some of the […]
Daily Dispatches – Goldman Sachs exits ICBC investment
Goldman Sachs has sold its remaining shareholding in Industrial and Commercial Bank of China (ICBC) in a $1.1 billion block trade. This is the last of six sell-downs over the past seven years. New RBS chairman for Asia Royal Bank of Scotland’s John McCormick will leave the bank’s Asia-Pacific operations later this year. He will […]
CFA Institute’s six steps to fix the global financial system
How do you even begin to fix a financial crisis that cost at least US$12 trillion and wiped out 20 million jobs? This is the task that the Chartered Financial Analyst (CFA) Institute has taken on, unveiling a a six-step solution drawn up by an advisory committee under the the leadership of Professor John Kay, visiting Professor of […]
FCA chief: The EU bonus cap is not a good idea. The rise of the ethical banker
The EU bonus cap will do little to rein in pay or reduce the poor behaviour of investment bankers believes Martin Wheatley, the chief executive of the newly created Financial Conduct Authority. Speaking at the London Business School Global Leadership Summit in the City today, Wheatley said that capping banker bonuses to 100% of salary […]
Bankers advised to seek ‘toilet cleaner job descriptions’
If you work for an investment bank, you may feel that a grandiose job description is your due – particularly now that pay is being restricted by the likes of the European Union. However, bankers are being warned against seeking overly important job descriptions. If you’re a banker, it’s far better for your job to […]
The inexperienced 20-somethings every bank wants to hire
The life of an athlete isn’t always the glitz, glamour and huge pay days associated with football, the NFL and basketball. Many competing at an elite level do so in sports that offer little financial reward, but still require the same focus, commitment and sacrifice. Career planning can fall by the wayside, but financial services […]
Daily Dispatches – Foreign banks appointed for Yanzhou bookrunning
China’s Yanzhou Coal Mining Company has appointed a clutch of foreign banks to sell its dollar-denominated subordinated securities, and starts a roadshow for institutional investors today. Deutsche Bank Ag and UBS AG are the joint global coordinators for the proposed issue, while Barclays Plc, Citigroup Inc. and Goldman Sachs Group Inc have also been appointed joint bookrunners. […]
Ageism as longest serving traders and salespeople leave Barclays?
True to its promise to disproportionately target its most senior staff for layoffs, it seems Barclays has been clearing out long serving rates traders and salespeople. “Barclays let go of a whole raft of senior people from its rates desk,” said one London-based headhunter, speaking on condition of anonymity. “They were mostly people who’d worked […]
Late Lunchtime Links: EU to go after bankers earning more than £420k; how to succeed in M&A at J.P. Morgan
Bad news for any European bankers who are earning huge amounts of money but had hoped to sidestep the European Union’s bonus cap by claiming they weren’t ‘regulated employees’: the EU’s definition of regulated employees has just been expanded. The Financial Times reports that the EU has broadened the category of regulated employees to include anyone earning […]
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