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Tag: bankers
Horror as philistine bankers crash the hipster art scene
Hipsterism should rank somewhere near the top of Maslow’s hierarchy of needs. Once you’ve achieved the apartment, the car and the girlfriend, cultural credibility comes next. Bankers want to be hipsters. Hipsters are not always cool about this. “When the Art Car Boot Fair started in 2003, it attracted a kind if huge extended family […]
Twenty money-saving tips from bankers and their wives
If you want ways of saving money, an investment banker may not seem the best source of advice. Believe it or not, however, bankers are changing their spending habits as their bonuses shrink and become allocated over several years. Both bankers and their once free-spending wives are suddenly becoming familiar with the art of thriftiness. […]
Five Shocks Bankers Get at Start-Ups
So you’ve decided that your post-investment banking career lies in the heady world of start-ups. Congratulations – welcome to the light! Whether you are voluntarily taking the plunge or have been forced to walk the plank, and no matter if you’re about to found the next big thing or join a team, you should take […]
Late Lunchtime Links: What really happens to bankers who lose their jobs
As we discovered yesterday, the vast majority of bankers who lose their jobs in the City of London don’t find comparable new ones. Only 28% of them reappear in similar roles. What happens to the rest? The Times has an excellent article today which offers some clues. Among others, the Times interviewed Luke Morley – an American banker […]
Valentine Heartbreak for Bankers No One Wants to Date
If clichés were true, the spouses and partners of investment bankers and hedge fund managers would be showered with expensive gifts on Valentine’s Day. Bankers, after all, can afford deliveries of Bollinger and blooms. The reality is less seductive and more sterile. Financial services is not a romantic industry. Bankers aren’t actually seen as desirable […]
The chart showing where new layoffs are likely at Credit Suisse
Credit Suisse’s fourth quarter results are out this morning. The investment bank performed reasonably well. Revenues across the business in 2012 rose 20% year-on-year, fixed income revenues were up 60% even though Basel 3 risk-weighted assets were down 31%, and a CHF593m loss for 2011 was converted into a CHF2bn profit for last year. Nevertheless, […]
Six things you need to know about this year’s bonuses at UBS
Today is the day that UBS has announced its fourth quarter results. The Swiss bank has also provided some very detailed information on the structure of this year’s bonus pool. This is what you need to know. 1. UBS is paying more cash than before and more cash than rivals UBS has slightly reduced the percentage […]
Credit Suisse bonuses capped at a lower level than rivals’
Credit Suisse’s bonuses were announced internally last week, but information is only just starting to emerge about the Swiss bank’s bonus structure. Headhunters and Credit Suisse insiders say the bank will be deferring an element of all compensation above CHF250k. In other words, cash compensation is capped at this level and once an individual’s combined […]
Seven things Deutsche Bank’s fourth quarter results say about pay and hiring
Deutsche Bank’s fourth quarter results are out for 2012. The full details aren’t available yet – Anshu Jain and Jürgen Fitschen are embarking on the conference call accompanying the results as we write. But even at this stage, there are several things that anyone working in Deutsche’s investment bank should be aware of. 1. Deutsche Bank […]
Ex-Nomura banker turned sex guru says banking is bad for sexual health
Seven years ago, Mike Lousada was just another investment banker working for just another bank in London. In a 20-year career in the City, Lousada worked in derivatives marketing for Barclays, SocGen, J.P. Morgan, Nomura and West LB. In 2004, he could be found opining about hedging strategies in Risk Magazine. Today he can be […]
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