UK
Company: Goldman
Goldman says Barclays needs more restructuring
Goldman Sachs is not impressed with chief executive Antony Jenkins’ plan for restructuring Barclays. Having previously suggested that Barclays might want to close its investment bank entirely or cut 3,500 investment banking jobs, Frederik Thomasen, an analyst at Goldman Sachs, released a note today suggesting that Jenkins’ strategy is over-optimistic tinkering and will need to be […]
Barclays Bankers May Walk if Bonuses Capped at $100K Again This Year
After having the cash portion of their bonuses capped at just over $100,000 last year, Barclays investment bankers in the U.S. are looking forward to a more bountiful Christmas. If they don’t get their wishes fulfilled, many may exit the firm, according to recruiters and sources within the bank. Last year’s bonus cap forced some employees […]
GUEST COMMENT: People keep asking me to join their start-ups. I’m not sure
There was a time when I would never have left banking. Maybe I won’t still, but the temptations are coming thick and fast. It’s not the wacky exit strategies from City-life I’m being drawn towards (like the ex-Goldman trader who left the firm to set up his own bespoke c*ndom business and was quoted as saying […]
Lunchtime Links: Investment bankers need hugs too; why future job cuts may be focused on Asia
With all the headline figures about thousands of redundancies, articles about how it’s not before time, and ongoing hounding by the popular press, has anyone actually thought how this is affecting the psyche of your average investment banker? Well, the Evening Standard has; pointing to how stressed out financial services employees feel like the victims […]
Night Links: Is this a genuine photograph of Bruno Iksil? JPMorgan wants forceful risk staff
Lunchtime links are very late today. They are not lunchtime links. They are late, late links. Sorry We bring you, however, what may or may not be a photograph of Bruno Iksil – whom it emerged today has lost his job at JPMorgan along with Achilles Macris and Javier Martin-Artajo. Having had his compensation clawed back […]
These are the four cheap locations where Goldman Sachs will be doing much of its future hiring. None are in Europe
Gary Cohn is presenting at the Bernstein Strategic Decisions Conference today. The full text of Gary’s presentation can be access here. And Gary’s big presentation can be found here. All, however, that you really need to know is contained in the following important slide: These are the support-focused locations where Goldman plans to hire lots of staff […]
Late Lunchtime Links: This is the perfect personality type for investment banking. And this is the perfect personality type for management consulting
A question on Quora has attracted some insightful comments on the personalities most drawn to investment banking and the personalities most drawn to consulting. It boils down to this: if you’re incredibly ambitious you’ll go for investment banking; if you’re not, you’ll go for consulting. If you’re a graduate, the Quora respondent (who claims to […]
Late Lunchtime Links: Bob Diamond declares things are much better now and two firms intimate big hiring
It’s sunny. It’s nearly Easter. The Queen has been Queen for nearly 60 years. And banks might be hiring. Bob Diamond is feeling so enthused that he’s made a statement on the bank’s website to the effect that BarCap Barclays has experienced an, “increase in volumes,” both quarter-on-quarter and year-on-year. Everyone at BarCap is, “encouraged” […]
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