UK
Company: Barclays
Ageism as longest serving traders and salespeople leave Barclays?
True to its promise to disproportionately target its most senior staff for layoffs, it seems Barclays has been clearing out long serving rates traders and salespeople. “Barclays let go of a whole raft of senior people from its rates desk,” said one London-based headhunter, speaking on condition of anonymity. “They were mostly people who’d worked […]
This Screenshot Typifies the Life of an Investment Banker
Investment bankers make plenty of money, but it often comes at a price, for the banker and their family. This screenshot, taken by an investment banking source at Barclays, paints this picture with clear strokes. The bank is hosting an upcoming event called “The Nanny Factor,” which will cover the “challenges and benefits” of someone […]
Perfect profiles for careers at Goldman Sachs, J.P. Morgan and others
If you want to work in banking but are uncertain as to what the biggest banks look for when they hire, we may have some answers for you. We’ve combed through the eFinancialCareers database to look for the commonest features of people who work or have worked in nine of the biggest banks in the […]
Stephen Hester and the art of appearing posh in banking
If you work in the City of London – and arguably on Wall Street – there is a trick to gaining the immediate respect of your peers. And that is to speak in a certain kind of international accent which underlines your cosmopolitanism. “It’s a kind of louche continental accent with an American twang,” said […]
Late Lunchtime Links: How brokers expense traders’ ‘treats’; Bob Diamond says it was never about the money
It’s been a good day for revelatory articles about the lives of financial services professionals. Firstly, the Wall Street Journal has an article about the outrageous happenings in the world of broker entertainment in London. Secondly, the New York Times has a heartfelt piece about Bob Diamond’s new life. The Wall Street Journal’s article is […]
Late Lunchtime Links: Another early ‘retirement’ at Barclays. Meredith Whitney says banks will slowly bleed staff all over the street
Barclays is losing people. First Rich Ricci, ‘retired’ aged only 49. Now Sigurbjörn “Siggi” Thorkelsson is retiring too. Financial News reported Siggi’s exit without citing is age. However, he certainly doesn’t look ready for the bowling green yet. Insiders told us Siggi was fed up and had lost support of Barclays’ management. Separately, Meredith Whitney, the US […]
Lunchtime Links: How a thirty five year old blonde ex-model turned banker made herself £30m
Remember Amanda Staveley, the beautiful blonde ex-girlfriend of Prince Andrew who brokered the transaction with Sheikh Mansour Bin Zayed Al Nahyan of Abu Dhabi which helped save Barclays after the financial crisis? Euromoney has been party to some emails showing that Staveley was very well rewarded for her part in the deal: she made £30m. At […]
Investment banks in the Middle East turn to Western expertise over local connections
It used to be that the ticket to getting an investment banking job in the Middle East required close personal relationships with the region’s huge sovereign wealth funds (SWF). Not anymore. Banks are focusing more on technical skills than on relationships as Middle Eastern funds begin to value their connections with an institution rather than […]
What Barclays’ new analyst class says about breaking into investment banking
Investment banking may have lost some of its lustre for students, but it’s still an incredibly attractive industry for many. Any graduate hoping to secure a place needs to be switched on even before they start university. After a period of training, analysts recruited into front office roles at Barclays investment bank formally started their […]
Credit Suisse and Barclays confirm the supremacy of investment bankers
Investment bankers are not the most popular fruit in the banking bowl. Reckless, entitled and liable to be rotten, they are being asked to change their ways. However, today’s first quarter results from both Barclays and Credit Suisse underscore the extent to which big European banks need to keep their unpalatable investment bankers happy. At Barclays, […]
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