UK
Company: JP Morgan
These are the investment banks that can’t afford their staff. And these are the banks losing share in ECM, DCM and M&A this year
As a follow-up to yesterday’s look at JPMorgan’s deteriorating predictions for investment banking revenues in the second half of this year, we’d like to highlight two further elements of Kian Abouhossein’s latest oeuvre: employee affordability and IBD performance for the year to date. Who’s spending too much on their staff? Abouhossein’s report contains the table [...]
The investment banks winning and losing in EMEA so far this year
It’s not been a good quarter for investment banking fees. Globally, they’ve slumped by 14% year-on-year, but in EMEA they’ve tumbled by nearly 22% compared to the first quarter of 2011, according to new Thomson Reuters figures. In terms of sectors, hot spots include financials, energy & power, industrials and materials, which accounted for 64% [...]
Our best read articles of 2011
1. Real life interview questions 2. Life lessons from the strikingly beautiful blonde model interning at JPMorgan this summer 3. Bonuses and salaries for associates in M&A, bank-by-bank 4.Six financial services qualifications which could substantially improve your employability 5. XENIA TCHOUMITCHEVA: A survival kit for a woman starting in investment banking 6. Has Jan Sramek quit Goldman [...]
Why BarCap’s contractor rate cuts will produce a domino effect
Until recently, the IT contractor 10% rate cuts had largely confined to a handful of investment banks which were retrenching in the UK anyway. Now, however, BarCap’s decision to slash contractor pay could prove to be the tipping point for universal rate cuts. From 5 December, BarCap (and Barclays Wealth) will cut rates by 10% [...]
INTERVIEW QUESTION: JPMorgan, associate interview, M&A
Question: You look at the clock. It’s 3.15pm. What’s the angle between the clock hands? Answer: 7.5 degrees. Question: What is the sum of the numbers from one to 100? Answer: 5,050. You have to pair up the numbers into groups of 101 (1+100; 2+99; 3+98, etc), getting 50 pairs of 101, so 50 x [...]
JP Morgan, sales, trading and research (Spring Insight Programme)
Question: What is the current oil price? Answer: $77 per barrel. Question: What is the current stock price of JP Morgan? Answer: $40.03, the stock price increased by about 3% yesterday due to the positive news of J.P. Morgan acquiring RBS Sempra Commodities assets Question: Why J.P.Morgan? Answer: I have read the 2009 full year [...]
Banking competitions can open career doors
A summer internship isn’t the only way to get an advanced taste of i-banking. You could also try pitching your wits against other students in competitions which replicate the real world of finance. J.P. Morgan runs two of these contests each year, in which student teams simulate the management of either a portfolio or an [...]
Private equity: global trends
Back in the halcyon days of 2006 and 2007, private equity funds were the ‘it girls’ of the financial services scene. In those two years alone, The Economist says funds bought companies with an enterprise value of $1.4 trillion. Everyone wanted to be their friend, particularly the investment banks, who both helped them raise the [...]
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