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Deloitte Ban Leaves Firm Vulnerable to Talent PoachingIn 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. […] |
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 […]
The science of manipulating recruiters into giving you a job
If you really want a particular job and you make it through to interview stage having done your preparatory power poses, equipped with a set of sensible questions to ask and ready with some pointers on charisma, you may think you stand a good chance of getting through. Maybe so. But you could probably improve your chances of gaining […]
Six rules for selecting a second spouse when you work in banking
It’s not just Rupert Murdoch – financial services professionals are also prone to undertake serial marriages – and suffer marriage breakdowns. Take Roger Jenkins – the 58 year old ex-Barclays banker who divorced his beautiful Bosnian wife Diana in July 2012 and has since been associated with first Elle Macpherson and then a Venezuelan beauty […]
Pressure on banks to hire Singaporeans for senior front-office roles
The Government of Singapore’s drive to pressure banks in the city state to hire Singaporeans was underscored last weekend when Deputy Prime Minister Tharman Shanmugaratnam said locals must be better represented in top front-office roles. Tharman and Tan Chuan-Jin, the acting Manpower Minister, started ’active’ discussions with the CEOs of all the major institutions about a year ago about […]
Nomura is Growing Fast, But Are the Hires Here to Stay?
Nomura, perhaps more than any other global bank, has a habit of entering new markets with aggression, hiring in droves where it see opportunities. That’s happening right now in the U.S., where the Japanese bank is poaching high-priced talent from bigger U.S. players in sectors like investment banking and fixed income, despite its pledge to […]
Late Lunchtime Links: Some MBA interns are making $20k a month in consulting
Forget investment banking: consulting is shaping up as the place to be, especially if you’re an MBA. The website Poets and Quants has looked through U.S. business schools’ records of student pay and identified that in 2012 consulting interns were better off than banking interns. The average consulting intern at Harvard or Stanford made $10.5k a […]
Competition: Want your CV assessed by graduate recruiters for free?
Here’s your chance to get feedback on your individual CV from people who are selecting graduates for next year’s intake in the banks BEFORE you submit your application in the autumn for real. This year’s Careers in Financial Markets student guide will once again include our highly popular article on CVs, featuring feedback from graduate […]
The new stealth-cap on City bankers’ pay: £425k
Sometime in the next few days, the British Parliamentary Commission on Banking Standards is expected to produce its much-anticipated report on the future of British banking. If rumours are accurate, the report will say that ‘top bankers’ in the UK should have their bonuses deferred for 10 years. This would amount to a cap on compensation in […]
Daily Dispatches – Over 100 traders lose jobs in Singapore interest rate fiasco
More than one hundred trading jobs could be up for grabs in Singapore after the country’s monetary authority, MAS, came down hard on 20 banks on Friday for trying to rig interest rates. MAS says that 133 employees across both local and foreign institutions had been identified, and three quarters of them have been sacked […]
BNP Paribas plans banking ‘campus’ in Singapore
BNP Paribas, France’s largest bank, is planning to build a banking university in Singapore to raise the level of financial services skills in Asia Pacific as it sets it sights on rapid growth in the region. A spokesman for the bank in Singapore said that no information has been released publicly about the proposed campus […]
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