US
Sector: Capital markets
Why You Should Not Take a Counteroffer
Layoffs may dominate the headlines in financial services, but beneath the job losses another phenomenon has developed: More firms are making counteroffers to keep star players. It’s no picnic trying to replace big revenue generators, says Neil Owen, global practice director with Robert Half Financial Services, so counteroffers have become the norm at banks and […]
Twenty Financial Services Firms That Will be Hiring in 2013
It’s been a turbulent year in finance, with layoffs, scandals and depressing balance sheets making most of the headlines. Large banks have cut tens of thousands of employees, hedge funds are closing on a daily basis and compensation is being cut across the board. Still, some finance firms are fighting through the regulatory red tape […]
Morning Coffee: M&A Market May Be Ripe for People Moves
Deal-making has been down this year, and for good reason. Big banks have been walking on eggshells, raising capital through safer channels while waiting for resolution of major political decisions in Europe and the U.S. But M&A deals picked up toward the end of the year, with the U.S. leading the way, setting the stage […]
Morning Coffee: Days of Our Libor: A Soap Opera
We’ve talked plenty of Libor lately, but the scandal is just too juicy to pass over. The final settlement total is what we’ve been hearing – roughly $1.5 billion – but that’s not the notable news. We now know why it’s UBS, not Barclays, that’s getting hit the hardest. Employees at the firm weren’t just […]
Morning Coffee: Libor Scandal Now a People Problem
The Libor rate-fixing scandal gets uglier and more complex with each passing day. Not only will UBS be forced to admit culpability, agreeing to pay as much as $1.6 billion for illegally massaging interest rates, the firm will also see dozens of its bankers and managers implicated as part of the deal. Details from the […]
Morning Coffee: Bonus Structure May Cost Barclays Top Bankers
If Barclays doesn’t allocate more bonus money to its thriving U.S. mergers and acquisitions division, the firm could see many of its top investment bankers head out the door. I-bankers at Barclays had the cash portion of their bonus capped at just over $100,000 last year, upsetting many within the group, and forcing some to […]
Weekly Minute: ECB Desperate for Talent, Top Banks Still Hiring
Here are the main job opportunities from the last week. Tip: ECB Desperate for Talent The European Central Bank (ECB) may soon need to hire as many as 1,000 new employees as it assumes its role as the next supervisor of European banks. Tools to get the job: How to Get a Finance Job Abroad […]
Morning Coffee: Libor Fine May Dry Up UBS Bonus Pool
UBS is expected to be fined more than $1 billion for its role in the Libor rate-fixing scandal. The biggest losers may be UBS bankers, who will likely see their bonuses slashed. The expected penalty will be more than double the $450 million fine Barclays agreed to pay in June, prompting questions whether it was […]
Morning Coffee: Bonus Caps: Fair or Foul?
Bankers throughout Europe may soon be asking for a higher base salary if an EU proposal becomes law. Under the terms of the draft, tentatively agreed upon by the European Parliament, a banker’s bonus would be capped at two times their base salary, and that’s if they’re lucky. The initial cap would be a 1:1 […]
Morning Coffee: The Next CEO of Goldman Sachs Is…
Goldman Sachs chief executive Lloyd Blankfein is 58-years-old, and, perhaps more importantly, has been on the job for more than six years. Forced to navigate the firm through some of the most trying times in its history, Blankfein may be aging in dog years. So is he ready to hang ‘em up? Nope, not yet. […]
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