UK
Sector: Investment
GUEST COMMENT: CFA – never again…
You remember that scene in I-Robot where Will Smith chases “Sonny the killer robot” into a warehouse of 1,000 look-alike robots waiting in rows? You do? You now understand the vista at London’s Excel centre on CFA exam day. To continue this metaphor, you might recall that the 1,000 “ordinary robots” were mindless automatons, with [...]
GUEST COMMENT: The first 48 hours of redundancy are critical
Have you ever had a sporting injury? If so, you’ll know that taking some key actions in the first 48 hours plays a key part in minimizing damage and speeding your recovery. Whether you’ve strained a muscle, damaged some ligaments or incurred something more serious, it will help if you rest, apply ice or compression, [...]
Late Lunchtime Links: How the Volcker Rule could bring prop trading jobs to London
As an antidote to all the news about jobs moving from London to Asia and London to Switzerland, Douglas Landy, a solicitor at Allen & Overy in New York, has looked at yesterday’s draft copy of the Volcker Rule and implied London might be a beneficiary. Writing in the New York Times, Landy points out [...]
Results to our bonus survey suggest many bankers have become divorced from reality
Despite what are evidently very challenging market conditions, the threat of redundancy and rumours of zero bonuses in the front office, people working in financial services are optimistic! They expect to be paid more for 2011! Quite a few of them also think salaries will increase again in 2012. Such are the results to our [...]
An important trick for getting your CV seen
How do you get your CV seen in a market where hardly any banks are hiring and every job is attracting innumerable applications? The answer, according to banks’ in-house recruiters is simple: look for the keywords pertaining to skills and experience in the job description and repeat those words in your CV. Although heads of [...]
Lunchtime Links: Another sign that European banks are pulling back from overseas?
As we’ve already noted, European banks (like Deutsche) appear to be scaling back their overseas empire building aspirations. Now, it looks like the Middle East could be one of the areas to suffer. Yesterday, Bloomberg reported that Deutsche is moving Christopher Laing, its head of ECM for the Middle East and Africa, back to London [...]
Revisiting the reasons you may not want to be working at RBS
As we pointed out on Friday, things are not looking good for RBS. It’s starting to look seriously like the bank might need more capital. The source of the concern is the Breaking Views Eurozone bank stress test model. As we pointed out last week, at a target rate of core tier one capital of [...]
XENIA TCHOUMITCHEVA : Why I decided that a career in financial services was not for me
Firstly, let me say that I am aware of how much controversy and discussion an article of this type can create (yes, I am young and my experience is limited) and I’m not a big fan of self-centered articles (I have already enough pictures of myself, so when I write I’d rather be talking about [...]
How quantitative easing will feed your bonus – or not
It’s happening again. The Bank of England is re-engaging in quantitative easing. 75bn is being injected, starting next week. Analysts at Citigroup are predicting the final injection could be closer to 500bn. The last time big QE happened in the UK was around two years ago. Starting in March 2009 and ending in early 2010, [...]
GUEST COMMENT: A bank failure does not stop the work for its bankers
As anyone with any understanding of financial reality knows, a Greek default is sadly inevitable. This week, that inevitability was underscored by Greece’s inability to maintain its budget deficit below the 7.6% it needs to keep receiving money from the Troika. When the Greek default occurs, the ‘beefed up’ €440bn European Financial Stability Fund will [...]
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