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Daily Dispatches – Read the small print
It was hardly a surprise to markets when Federal Reserve chairman Ben Bernanke said yesterday that the Fed’s economic stimulus plan – known as quantitative easing (QE) – could be tapered off. There has been speculation in recent weeks, which has been driving global market volatility, that the Fed could change its buying strategy soon. […]
Standard Life goes on Asian hiring spree
Standard Life is expanding its Asian operations, and expects to add up to 33 jobs in Hong Kong and Singapore by the end of this year, with further planned as the business spreads its wings across the region. Standard Life, which has been in Hong Kong for about a decade, received a license to operate […]
Seven career lessons for bankers from Machiavelli
Can bankers take a leaf out Niccolò Machiavelli’s eponymous book The Prince? It’s 500-years’-old in 2013, but it can still provide some handy hints on how to survive in the cut-throat world of investment banking. Getting to the top in banking is a notoriously political affair, so what can he teach us on how to […]
Look to old firms for new jobs in wake of electronic trading slowdown
The electronic trading market making phenomenon may not be able to withstand too many more punches and the firms that once paid handsomely for top talent are now struggling to hang onto dwindling market share. But new opportunities are on the horizon, including slapping a hefty price tag on access to market moving data minutes […]
Coming to London: toilet cleaner jobs and the most punitive bonus regime in the world
After nearly 12 months of relentless interviewing and detailed research, the U.K.’s Parliamentary Commission on Banking Standards has finally spat out an enormous 568 page report full of recommendations for improving banks. There’s no guarantee the Commission’s recommendations will be adopted, but they’re likely to become the clothes horse for future regulatory outfits. Arlene McCarthy, the […]
Three charts suggesting you shouldn’t work for a European bank in Europe
European investment banks are having a tough time. In the U.S. they’re suffering as a result of new ‘Foreign Banking Organisation’ rules requiring that U.S. subsidiaries are capitalised more heavily. In Europe, American banks are eating their dinner. European banks’ loss of market share in their home territory is laid bare in the charts below, from U.S. […]
How to reject a promotion without torpedoing your career
Turning down a promotion in the current climate might seem insane, but sometimes there are very good reasons to reject advancement. The trick is how to do it without it being a career-limiting move, resulting in you vanishing into corporate obscurity, never to re-emerge. How can you ensure that turning down one job doesn’t mean […]
Deloitte’s FSA Ban Leaves Unit Vulnerable to Talent Poaching
In an industry-altering move, state authorities have banned Deloitte’s financial-advisory services unit from working for select New York state financial institutions for a full year following its botched investigation into Standard Chartered’s money-laundering protections. The move is a landmark victory for prosecutors who have long maligned the consulting industry’s cushy relationship with the very banks they’re […]
Ladies: Your Rock May Be Sinking Your Career on Wall Street
Billionaire hedge-fund manager Paul Tudor Jones found himself with his foot squarely in his mouth last month when he called motherhood a career “killer” for macro traders, noting, rather graphically, that “as soon as that baby’s lips touched that girl’s bosom, forget it.” Sadly, Jones doesn’t appear alone in his thinking; some Wall Street bosses […]
Five tips for winning a new job after you’ve been fired
Half of my two-decades-plus career has involved managing people in some capacity, and one of the most grueling and important tasks has been recruiting the best reporters and editorial staff. While jobs in editorial pay a fraction of what people expect to earn in finance, they are equally coveted by those who want to report, […]
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