UK
Company: SAFE
Most banks would still dearly love to hire for their FX desks
While most divisions of investment banks are facing an uncertain future currently, those working on FX desks are in a relatively safe position and some firms are even hoping to expand. It’s no secret that the fixed income currencies and commodities divisions have taken a hammering over the last two quarters and that these divisions [...]
Redundancies at BNP Paribas suggest that M&A jobs are almost completely safe and that it helps to be a member of a French union
Among the 200,000 banking job reductions announced so far, are 1,396 cuts at BNP’s corporate and investment bank, announced yesterday. Helpfully, BNP has broken out where these will take place, both geographically and by division. Of the 1,400 cuts, a mere 373 will happen in France, with a further 1,023 happening elsewhere. Insiders suggest that [...]
It pays badly, but would you now consider a role at Standard Chartered?
To many investment bankers, the prospect of working for Standard Chartered has never been overly appealing, largely because of its reputation for being prudent with pay. However, it is one of the few institutions still hiring, so is it now worth considering? Standard Chartered has released its Q3 interim management statement this morning. As is [...]
Slowly but surely, investment banks are hiring techies to develop iPad apps
With every man and his dog offering some sort of mobile or tablet application, it’s safe to say that – outside of the retail space – the financial sector has lagged behind. This is changing, and some investment banks are even taking on techies to develop them. The iPad is increasingly the gadget of choice [...]
Lunchtime Links: In this market, your job will be safe only if you are working for a continental European bank in its home country
As Dexia is backstopped by French and Belgian governments (again), banking leaders have been standing up at the Bank of America Merrill Lynch 16th Annual Banking & Insurance CEO Conference in London and saying what they think is coming next for their businesses. As finance blogger Ian Fraser points out, this is precisely the conference [...]
Is it even worth applying to an investment bank this year?
2012 is shaping up to be an unfortunate year to graduate if you want to work in an investment bank. Three disruptive forces are at work. In the first, banks have made comparatively few offers to last year’s interns. In the second, some (but not all) banks have filled all their front office graduate places [...]
Why you may or may not want to work for one of the Chinese banks that’s hiring in London
Chinese banks have big plans for London; they’re currently examining the plausibility of hiring hundreds of investment bankers in the UK. As we’ve mentioned previously, there are a number of Chinese banks already in the UK – Bank of China, China Construction Bank and the Industrial & Commercial Bank of China (ICBC), while the Agricultural [...]
Time to get out of BarCap, RBS and HSBC?
The Independent Commission on Banking’s final report is out. On cue, shares in British banks are down. But they’re not down by much. So is everything ok for investment bankers at UK banks? Yes. And no. Yes, it’s ok · It’s ONLY ringfencing Given that the Liberal Democrats were going for a full separation of [...]
US EDITOR’S TAKE: My story from September 11th 2001
It’s been 10 years since the planes came in and changed the landscape of lower Manhattan forever; 10 years since two commercial passenger airliners were turned into weapons of mass destruction by a small army of terrorists and flown into the North and South Towers of the World Trade Center. That attack on September 11, [...]
Lunchtime Links: The incredibly compelling game indicating whether you’re good enough to work at Barclays Capital
Fancy working at Barclays Capital, near Bob Diamond, in Canary Wharf? Or simply so tired of the volatility in the markets that you’re looking for a little distraction? Barclays Capital has just the thing for you. Located on the firm’s campus recruitment website, it’s known as Mindmap and is a game professing to, “challenge your [...]
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