Sector: Corporate banking

This is where you should be working, bank by bank, market by market

If you aspire to work for a bank that’s the global market leader in your product area, but for some reason are ignorant as to which bank that is, we have the answers. Derived from figures from analysts at JPMorgan, who last week released a detailed analysis of each banks’ revenues, by product, for 2010 [...]

When bankers get trapped in the Gulf

The ordeal of David Proctor, a British banker held in Qatar for 14 months at the behest of his employer, finally came to an end last week. However, it provides a stark warning to expat financiers of the potential pitfalls of the Middle East’s employment law. Locally, Proctor’s story has gone relatively unreported. The full, [...]

Some very good news for anyone at RBS

The problems RBS has faced attracting and retaining staff (particularly in its investment bank) over the last year or so is no secret. The fact that a large proportion of bonuses are being paid in paper at a time when its share price is languishing probably doesn’t exactly add to its appeal. But things are [...]

The surprisingly rosy picture at Bank of America

Here’s some bright and colourful graphics to cheer you up on a Friday afternoon (provided you work for Bank of America Merrill Lynch). It’s just posted an income of $3.2bn for Q1, driven largely by strong results in its investment bank. First a nod to its fixed income, currency and commodities income, which brought in [...]

JPMorgan (and others) will be fighting for UK corporate bankers

JPMorgan’s decision to launch global corporate banking unit is likely to benefit the City job market initially. However, it could face some competition for talent as the move comes at a time when other key players a looking to bolster their ranks once again. The bank intends to employ 300 bankers in the new division. [...]

My 750 bonus has been deferred over three years

One consequence of today’s Walker report is that banks will be required to reveal the number of employees on their books who earn more than 1m. According to some estimates, this figure is around 1,000 in the City of London. Cue your average Sun/Daily Mail reader foaming at the mouth, just waiting for another opportunity [...]

Irish bankers look to UK as jobs dry up back home

If you that though the City jobs market was tough, spare a thought for those in Dublin. So scarce are front office opportunities, that increasing numbers are making their way to the UK in an attempt to secure a new position. The Irish financial sector’s two largest employers in terms of wholesale banking – Bank [...]

Working for nothing can be really good for your CV

VSO might not want you, but there’s another element of the charity sector eager to enlist volunteers from the banking and financial sector. Away from the organisations providing water to villages in Africa, there are charities which provide business consulting and coaching services to other charitable organisations. They need people to help with financial planning, [...]

Don’t forget Islamic finance

More Islamic investment banks are tipped to enter the UK this year, and existing players are likely to grow their front office teams. However, places are likely to be extremely limited. Globally, the Islamic finance sector is expected to grow at an annual rate of 10-15%, according to a recent Moody’s report. This is down [...]

Could you (would you) be a corporate treasurer?

With liquidity set to remain tight in 2009, it seems reasonably certain that treasurers who help manage cashflow for corporates will find their skills highly sought after next year. Fortuitously, there is also a possibility that debt capital markets bankers, for whom 2009 looks set to be quiet as the grave, could reinvent themselves in [...]