Daily Dispatches – Foreign banks appointed for Yanzhou bookrunning

China’s Yanzhou Coal Mining Company has appointed a clutch of foreign banks to sell its dollar-denominated subordinated securities, and starts a roadshow for institutional investors today. Deutsche Bank Ag and UBS AG are the joint global coordinators for the proposed issue, while Barclays Plc, Citigroup Inc. and Goldman Sachs Group Inc have also been appointed joint bookrunners. […]

Money Managers, Underwriters Prepping for Bountiful Bonuses

If you’re looking for job security and a growing paycheck, money management appears to be the place you want to be. Wall Streeters working at asset managers, hedge funds and firms concentrating on high net worth clients will see a 10% to 15% jump in incentivized compensation in 2013, according to a new study. The […]

The seven mental disorders most prevalent in financial services

Financial services professionals are under pressure. In an environment where bankers are vilified, job prospects are increasingly limited and the prospect of redundancy looms large, mental health issues are becoming ever more common in the financial sector. In fact, according to research released this week from Legal & General, depression and anxiety in the financial […]

Eight Ways to Maximize Your Relationships with Financial Recruiters

Financial services recruiters can be a great resource, but if you don’t pick the right ones or fail to work with them strategically, you’ll end banging your head against a wall and going home jobless. Here are some hints from recruiters themselves on how to get the most out of the relationship and make the […]

Ageism as longest serving traders and salespeople leave Barclays?

True to its promise to disproportionately target its most senior staff for layoffs, it seems Barclays has been clearing out long serving rates traders and salespeople. “Barclays let go of a whole raft of senior people from its rates desk,” said one London-based headhunter, speaking on condition of anonymity. “They were mostly people who’d worked […]

EU-Bonuscap betrifft mehr Banker als erwartet: Ab 500.000 Euro wird es ernst

Der von der EU angestrebte Bonuscap wird wohl mehr Banker treffen als bislang erwartet. Wenn es nach den Plänen der europäischen Bankenaufsicht EBA geht, sollen der Deckelung sämtliche Banker mit einer Gesamtvergütung ab 500.000 Euro unterliegen. Dies berichtet die Financial Times in ihrer Online-Ausgabe. Bislang sollten nur die sogenannten „Key risk taker“ betroffen sein, wobei […]

Late Lunchtime Links: EU to go after bankers earning more than £420k; how to succeed in M&A at J.P. Morgan

Bad news for any European bankers who are earning huge amounts of money but had hoped to sidestep the European Union’s bonus cap by claiming they weren’t ‘regulated employees’: the EU’s definition of regulated employees has just been expanded. The Financial Times reports that the EU has broadened the category of regulated employees to include anyone earning […]

How to Get a Job in Wealth Management at Goldman Sachs

In late 2009, Goldman Sachs Chief Executive Lloyd Blankfein planted the company flag in a sector that wasn’t the firm’s main focus: wealth management. “That should be bigger than it is,” he said of the unit at the time. Goldman has been methodically adding people since, and has been crawling up the rankings. Goldman’s wealth […]

Wieso immer nur die anderen einen besseren Job finden

Der US-Schriftsteller Gore Vidal sagte einmal: „Immer wenn ein Freund einen Erfolg feiert, stirbt ein kleiner Teil von mir.“ Das gleiche spüren viele Leute, wenn ein Freund – oder ehemaliger Kollege – einen neuen Job findet und sie nicht. Das gilt besonders für Finanzprofis, die schon seit längerem arbeitslos sind. Doch anstatt sich zurückzuziehen und […]

Outrage as senior trader let go after a tiny $10m-$25m loss

In a sign that French banks are becoming extraordinarily risk averse, BNP Paribas is said to have let go of a senior trader after a loss that would barely merit a mention at rival banks. The Financial Times says that Lionel Crassier, the former head of U.S. equities for BNP Paribas, has left the French bank after […]