Barclays cutting headcount by 30% in the investment bank? Bankers, analysts, headhunters react

On May 8th, Barclays will unveil yet another change to the strategy for its investment bank. Analysts are already trying to decipher the shape of things to come.…

What Thomas Piketty’s controversial book tells you about being a banker in the 21st century

A book is causing a sensation. ‘Capital in the 21st Century’ by Thomas Piketty, a French economist specializing in the study of inequality, has been celebrated for its…

Goldman succumbs, cuts pay per head to lowest level for five years

Goldman Sachs has succumbed. Today’s first quarter results reveal that Goldman is now paying its staff less than at any time in the past five years. Compared to…

The disquiet at Deutsche goes much deeper than coming FICC layoffs

Deutsche Bank is making redundancies. The German bank hasn’t officially commented about the layoffs (and declined to comment for this article), but is expected to dismiss 500 investment…

How bankers on less than £100k are playing the London housing market

The London housing market is a feverish thing. In the past year, prices in the City have risen 18% to an average of £363k ($609k). In the most up-and-coming…

Academic identifies the most toxic boss in banking

Daniel Beunza, assistant professor of management at the London School of Economics, has a good story for anyone who happens to be collecting anecdotes on the unpleasantness of…

Morning Coffee: A personality test that can predict your income. JPMorgan’s colourful attempt to attract staff

Which kinds of people earn the most? Try rational extroverts who make quick, decisive, logical judgments, who like to be in charge and who have no patience with…

Is Teach First really an alternative route into a graduate job at Goldman Sachs?

What do you do if you wanted to work at Goldman Sachs, JPMorgan, or another well known bank when you left university, but you didn’t get in? Of…

Six reasons why you might leave UBS’s thriving equities business

UBS’s equities business is doing immensely well. Its revenues increased by 60% year-on-year in 2013 and the Swiss bank increased its share of global equities sales and trading…

Sad quotes from ex-bankers working themselves to death in new industries

Bankers work hard. In some cases, they can seemingly work themselves to death. And as we’ve noted before, a few years of 80 hour weeks in a financial…

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