Posts by Sarah Butcher

iPod touch

Tell us your graduate/internship interview questions and you could win an iPod touch

Have you interviewed for an internship or graduate position at an investment bank, fund manager, hedge fund, or other financial services organisation in the past 12 months? We want to know what you were asked in order to build our existing stock of financial services graduate interview questions. If you want to be entered, all you […]

Paranoia is stalking Credit Suisse's investment bank, but it may prove unnecessary. (Photo: BigTallGuy)

Paranoia stalks Credit Suisse’s investment bank

While Citigroup’s 11,000 dramatic redundancies are making the headlines, a more insidious form of job reduction seems to be taking place at Credit Suisse. The Swiss bank is in the process of implementing the additional $1.1bn of cost savings it announced in October and is cutting jobs in the process. Some of these cuts have […]

Mark_Carney

The Mark Carney method of absolute refusal, followed by a massive pay increase

Mark Carney is to become the new governor of the Bank of England. He will serve a five year term starting July 1st 2013, after no more than a month’s holiday after leaving his current role as governor of the Bank of Canada. “I am honoured to accept this important and demanding role, and to […]

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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’ […]

Compliance costs are ballooning at HSBC (Photo credit: drurydrama (Len Radin))

Late Lunchtime Links: 30,000 job cuts are not enough at HSBC. Big changes and hopefully good news for traders at Morgan Stanley

HSBC has already made a lot of redundancies: 30,000 to be precise. Some of these have resulted from business exits but others have resulted from so-called ‘organic’ culling. As we’ve noted before HSBC’s organic culling has focused on eliminating layers of middle management, although we understand a few equities bankers have also been trimmed. Unfortunately, […]

It's not just about big banks (Photo credit: Wikipedia)

4 financial services firms which you not be aware of, but which offer graduate training

It’s not all about big banks. There are plenty of other fish in the graduate hiring sea – they may not be as big, as prestigious, or hire as many people, but because they’re not very well known, they may also offer a better ratio of applications to graduate places. After all, the large investment […]

Actually, he was underpaid (Photo credit: Wikipedia)

Late Lunchtime Links: In the past year, Nomura has cut 112 people in the US, 552 people in EMEA. And its revenues have risen

Nomura’s results are out. As ever, the bank has provided a panoply of presentations, quarterly accounts and six monthly accounts, all of which are accessible here.  What you most need to know, however, is that Nomura is cutting staff. Its wholesale bank is now profitable – just.  And despite cutting staff, it has increased revenues. […]

There are a lot of square pegs, but banks have round holes to fill (Photo credit: rosipaw)

These are some of the front office jobs that can’t appear to be filled quickly now

It’s that time of year: the fourth quarter – when front office hiring managers take a rest and redundant bankers realise they may be out of the market until Valentine’s Day. With this in mind, we’ve had a look at the front office jobs that banks are still advertising on their own websites now. Believe […]

Spot the M&A banker selling his wares (Photo credit: Wikipedia)

Late Lunchtime Links: Lloyds may become the first to follow Deutsche in extending vesting periods. Who’s next?

When Anshu Jain and Jürgen Fitschen announced their plan to make senior managers at Deutsche Bank wait five whole years before they can get hold of any of their deferred bonuses, they admitted it was a risky move. No other banks have such widespread ‘cliff vesting’ for senior staff, conceded Jain. But he expressed the hope […]

Recently redundant equities salespeople and traders (Photo credit: James Cridland)

Late Lunchtime Links: A bad day for equities bankers as both UBS and Barclays add to the glut of people already on the market

No sooner have US banks reported their third quarter results and revealed generally weak performances in equities sales and trading than European banks are rushing to cut staff. UBS’s cuts emerged first. Bloomberg reported yesterday that the Swiss bank is cutting 400 people in Europe – 10% of its front office employees in the region. […]