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Posts by Paul Clarke
Could Scala be the hot skill-set for technologists in 2012?
We’ve mentioned previously that some top tier investment banks have been looking to increase the use of comparatively new programming languages, but some recruiters are predicting that the use of Scala could really take off next year. A number of banks currently use their own proprietary programming languages to develop certain applications, particularly Goldman Sachs, [...]
Morgan Stanley is cutting 1,600 jobs (but will at least wait until after Christmas)
The festive season is upon us, but – as State Street has proved – that doesn’t mean that financial service firms are refraining from redundancies. Morgan Stanley has now succumbed to the need to pare back headcount, but is at least waiting until the new year to implement the cuts. Morgan Stanley has told us [...]
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 [...]
Banks are losing oil traders, but not replacing them
Commodities trading houses are poaching banks’ oil traders with promises of larger, or at least non-regulated, bonuses. However, despite the departures, most banks are still reluctant to recruit. In recent months, banks have seen something of an exodus of talent from their oil trading desks. Both Gareth Walsh and Grant Williams left BarCap, with the [...]
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