UK
Company: CreditSights
The safest and least safe banks to work for now
If you’re a banker looking for a job, safety has become the equivalent of a three year guaranteed bonus. When bankers decide where to work, headhunters tell us they are no longer prioritizing pay and perks, but instead placing a premium on safety and steadiness. No one wants to join a high-paying, gung-ho bank that […]
How the Spanish bailout will assist your efforts to find and retain a job in financial services
Yes, Spanish banks have been bailed out. Yes, markets are rallying. Yes, risk is suddenly back on. Yes, JPMorgan thinks that this has stabilised the Spanish banking sector. Yes, Goldman Sachs thinks €100bn is absolutely more than enough to cover the Spanish banking problem. But is it enough to stabilise the situation in Europe, to […]
Goldman Sachs’ business model is in a state of transformational change. This is what you need to know
When analysts at Bernstein Research put out a note on Goldman Sachs’ business model after Goldman Sachs’ first quarter results, they said the firm was “modifying” itself but was afraid to say so publicly for fear of upsetting some of its most powerful employees. Goldman’s “partnership culture – whose shared values and cultural traditions have […]
A simple graph showing why pay for fixed income traders is falling. And why it will almost certainly fall further still
If you work in fixed income trading, you are almost certainly earning less than you were two years ago. A graph from research firm Coalition illustrates why. Whilst revenue per producer has been remarkably stable in equities and origination/advisory businesses, in fixed income it has fallen – substantially. It was (artificially) inflated in 2009 and […]
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