How to reject a promotion without torpedoing your career

Turning down a promotion in the current climate might seem insane, but sometimes there are very good reasons to reject advancement. The trick is how to do it without it being a career-limiting move, resulting in you vanishing into corporate obscurity, never to re-emerge. How can you ensure that turning down one job doesn’t mean […]

Deloitte Ban Leaves Firm Vulnerable to Talent Poaching

In an industry-altering move, state authorities have banned Deloitte from working for New York state financial institutions for a full year following its botched investigation into Standard Chartered’s money-laundering protections. The move is a landmark victory for prosecutors who have long maligned the consulting industry’s cushy relationship with the very banks they’re asked to investigate. […]

Fünf Gründe, wieso Sie im Biergarten produktiver arbeiten

Home Office gehört zur modernen Arbeitswelt wie süßer Senf zur Weißwurst. Mit Leichtigkeit lassen sich echte oder vorgeschobene Gründe finden, wieso Sie – unbedingt – in den eigenen vier Wänden arbeiten müssen. Doch angesichts von Temperaturen von bis zu 36 Grad in dieser Woche stellt sich die Frage, wie Finanzprofis die Arbeit vom Beergarden Office […]

Ladies: Your Rock May Be Sinking Your Career on Wall Street

Billionaire hedge-fund manager Paul Tudor Jones found himself with his foot squarely in his mouth last month when he called motherhood a career “killer” for macro traders, noting, rather graphically, that “as soon as that baby’s lips touched that girl’s bosom, forget it.” Sadly, Jones doesn’t appear alone in his thinking; some Wall Street bosses […]

Five tips for winning a new job after you’ve been fired

Half of my two-decades-plus career has involved managing people in some capacity, and one of the most grueling and important tasks has been recruiting the best reporters and editorial staff. While jobs in editorial pay a fraction of what people expect to earn in finance, they are equally coveted by those who want to report, […]

Le rapport qui vous dit tout sur le devenir des banques françaises

160 pages pour faire un 360° du secteur bancaire en 2013 et ses pistes de développement. C’est l’ambition affichée d’une étude réalisée par 25 consultants du cabinet de SterWen Consulting mobilisés pendant 6 mois. Intitulé Quel avenir pour le modèle bancaire français ?, ce rapport (payant), édité par édité par Les Echos Etudes n’est pas de […]

Late Lunchtime Links: $5m trader may be made to retrain as a builder

Tom Hayes, the ex-RBS Libor trader who was poached by Citigroup for $5m in 2009, could be in for a dramatic career change if the criminal fraud charges brought against him this morning by UK authorities prove successful. Hayes is being charged with eight counts of conspiracy to defraud in connection with the Libor-rigging scandal. […]

Is the Fed Driving Veteran Money Managers into Retirement?

The number of hedge funds that closed their doors increased for the third straight year in 2012. Same song, different tune this year. It seems a different big-name fund closes each day, with clients redeeming billions from once high-profile money managers who just can’t seem to beat the S&P. There are plenty of valid reasons […]

The big bank which quietly lost 80% of its staff

If the threat of job loss is a measure of trauma (which it seemingly is) then the bankers who once worked for Dresdner Kleinwort in the City of London are among some of the most traumatized around. After being shunted over to Commerzbank in mid-2009, their numbers have progressively dwindled. Very few ex-Dresdner bankers are […]

Immobilienkreditfonds drängen auf den deutschen Markt: Welche Jobprofile gesucht sind

Der Rückzug von Banken aus dem Kreditgeschäft lässt neue Player auf den deutschen Markt drängen: Immobilienkreditfonds. So hat die zur Münchner Hypo Vereinsbank zählende Fondsgesellschaft iii-Investments Ende 2012 einen ersten Fonds mit einem Zielvolumen von 200 Mio. Euro lanciert; schon im März folgte ein zweiter mit 250 Mio. Euro. Leider stand iii-Chef Reinhard Mattern nicht […]