GF
Company: RBS
Arguably the safest banks to work for in Middle Eastern M&A and DCM
The volume of debt capital markets (DCM) deals in the Middle East has been steadily increasing for some time now, but investment banks have still largely been reluctant to increase their headcount in this area. This could change if the current surge in activity continues. In the first quarter of 2012 debt issuance in the [...]
Investment banks’ graduate interview questions – UPDATED
What will you be asked if you interview with an investment bank, either as a graduate or as an intern? We’ve updated our list of sample interview questions for you (the new entries have ‘NEW’ written alongside them). The list below has been sent to us by eFinancialCareers readers. We can’t totally verify the questions’ [...]
People are leaving RBS in Dubai – and Nomura is hiring some of them
RBS’s redundancies have started. The Financial Times said last year that the bank wanted to close down some of its middle east operations. This was never confirmed by RBS, but it emerged this week that the British bank is ending its equity research tie-up with Rasmala Investment Bank as it pulls out of equity sales [...]
A simple test that will tell you whether you are going to lose your job
Rare is the bank that is not undergoing some sort of cost cutting procedure in the current market. Credit Suisse, Barclays, HSBC, Nomura, UBS and even Deutsche (which purports to be seizing market share and seems to be hiring) are in the grips of efficiency programmes aimed at driving down costs. Some are doing so with the [...]
£4m at Goldman Sachs, £3.1m at Citigroup, £2.4m at JPMorgan, £2.4m at BarCap, £1.1m at RBS and new constraints on cash bonuses at Morgan Stanley
It is a morning of bonus news; some retrospective and some contemporary. In retrospective bonus news, various banks have been obliged to make regulatory filings clarifying how much they paid their code staff. These filings clarify to the extent to which some banks not only pay more than others, but pay a lot more cash [...]
Does BarCap need to make a lot of redundancies too?
BarCap and RBS have a few things in common. They are both British banks. encumbered by the UK’s banking levy and Vickers legislation. They both have investment banking arms. And they have both engaged in building up those investment banking arms very considerably in recent years. Global banking and markets (GBM) headcount at RBS went [...]
Equities jobs aren’t only disappearing at RBS. But, somewhere is hiring and wants to double headcount (across the bank)
RBS isn’t the only bank cutting in equities. We understand that Morgan Stanley’s job cuts have begun and that various of its senior equities professionals are being let go, including some of the heads of its equities business areas in London. BNP Paribas is said to be trimming its equities professionals too. So, what hope is there [...]
Not 4,000, not 5,000, not 9,000, but 10,000: the ever-increasing number of redundancies at RBS. And what it means for you
Six months ago, there was no intimation that RBS would be eviscerating its investment bank. Last June, John Hourican, CEO of Global Banking and Markets, made a presentation at the Deutsche Bank Financial Services Conference. There, among other he things, he: – said RBS was a flow engine with leadership in fixed income and an [...]
2012: What will go up and what will go down in Gulf financial services recruitment?
This year was one of upheaval for the Middle East as a whole, yet one of relative inaction in the financial services recruitment sector as most firms remained cautious because of regional concerns and escalating problems elsewhere in the world. Comparatively speaking, the Middle East financial sector has remained resilient in the wake of turmoil [...]
Not 4,000 redundancies, not 5,000 redundancies, but 9,000 redundancies at RBS? Plus, £2k bonuses?
Last week, someone wrote here that they wished they’d accepted an offer from RBS instead of Goldman Sachs. This week, it seems an offer from RBS wouldn’t be so great a thing after all. The Telegraph says RBS is thinking of shutting half its Global Banking and Markets division. McKinsey &Co. have apparently been brought in to [...]
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