UK
Company: BNP Paribas
Twenty five people who can get you a job in banking
If you want a job in banking, you will need to network. A failure to properly engage and to direct applications to named individuals is one reason why your attempts to land a job in banking may fail. With this in mind, we’ve provided a non-comprehensive, non-alphabetical, sort of off-the-cuff list of some of the […]
Outrage as senior trader let go after a tiny $10m-$25m loss
In a sign that French banks are becoming extraordinarily risk averse, BNP Paribas is said to have let go of a senior trader after a loss that would barely merit a mention at rival banks. The Financial Times says that Lionel Crassier, the former head of U.S. equities for BNP Paribas, has left the French bank after […]
Fearful of returning to France, French bankers sit it out in South Kensington
Things are not going well in France. Michael Hintze, founder of hedge fund CQS, has pointed to a recent spate of car burning as a leading indicator of French social unrest. A report from the Pew Research Center found that the French were particularly dispirited within Europe: 91% of them say their economy is doing […]
Late Lunchtime Links: Further signs that French banks are unfeasibly poor payers
French banks are not known for being super-generous to their investment bankers. Yes, some senior bankers at the top of the pile are said to earn gigantic amounts, but the average Parisian investment banker is likely to be less well off than his or her counterpart at a U.S. bank in the City of London. […]
Lunchtime Links: The RBS investment banking downwards-spiral? Ermotti admits there may be crazy people at UBS
Today was RBS results day. Things didn’t look good for the markets division, where revenues fell 40% and profits fell 64% compared to the first quarter of last year. As with other banks, the rates business seems to have been at fault: RBS rates revenues fell 65%. Profits and revenues aside, there are some signs that […]
JPMorgan: All banks should pay like BNP Paribas
Analysts at JPMorgan think BNP Paribas has one of the best pay models among investment banks. BNP Paribas is the ‘best in class’ for ‘compensation management of Tier II IBs’, JPMorgan’s analysts said in a report today. They praised the French bank for its low bonuses as a percentage of compensation (84% of pay at BNP […]
The lone Irish firm on the over-subscribed €5bn government bond deal
International investment banks have flocked to Ireland since the financial crisis hit to gain a foothold in what was expected to be a lucrative supply of government bond issuance. One local player stands alone in securing a mandate for the first deal since 2010 – Davy – and it has the biggest local team. This […]
Private banks hire to serve rich Asians with $10 trillion to invest
Buoyed by the growing wealth of Asia’s rich, firms like BNP Paribas, Coutts, J.P. Morgan and UBS are expanding their private banks in Singapore. But they are fussier than ever about the people they take on. The Asia Pacific region has some 3.37 million people with at least US $1 million in assets to invest, […]
Late Lunchtime Links: Where bond traders can still get hired in Asia
It’s not all gloom in Asia. BNP Paribas is belatedly hiring 1,400 people on the continent. A Chinese bank is also hiring fixed income traders and salespeople. Bloomberg reports that the overseas investment banking arm of Agricultural Bank of China is seeking a bigger share of the Dim Sum debt market and will therefore be hiring […]
Most City bankers who left jobs in the past year haven’t resurfaced
It’s become a cliché, but if you work in banking and are dissatisfied with the state of your bonus feel thankful that you have a job. An examination of the re-employment rates of people leaving nine major banks in London since January 2012 reveals that 72% of them have yet to resurface in comparable roles in the […]
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