We’ve spoken before about the dangers of attractive interns. However, one JPMorgan associate did not heed the warnings.
during her unpaid internship at JPMorgan inNew York. She was in the adjacent cubicle.
Rausnitz, interned for free at JPMorgan during her degree at Duke University (where she appears to have been President of the Society for
Business Orientated Women). She received a job offer post-graduation.
When she returned in her (paid) graduate role, Rausnitz was apparently sexually harassed by a ‘senior banker’ at JPMorgan. She confided this to Gray, and – despite him being married – they had an affair, became ‘very much in love’ (so the court was told) and Gray contemplated leaving his wife.
Subsequently, however, Rausnitz decided Gray wasn't so great and arranged a transfer to London in order to get away from him. At this point, Gray appears to have become obsessed with her, pursuing her across the Atlantic, deluging with her texts and calls and putting a tracking device into her bag. The case continues, but could cost Gray his job. The moral is clear: when there are attractive interns, stay away.
HEC is the best business school in Europe. (PoetsandQuants)
Procurement specialists are getting huge bonuses. (Reuters)
UBS and Credit Suisse are still hiring private bankers in Asia (FinanceAsia)
British banks must award smaller bonuses and not increase salaries to compensate, says Association of British Insurers. (Telegraph)
HSBC is alleviating 330 people of their jobs in the UK. (Financial Times)
232 of the HSBC redundancies will be in the commercial bank; 20 will be in the retail bank in Northern Ireland; 58 will be in technology services. (AssociatedPress)
Michael Page directors sold £2.8m of shares weeks before its profit warning yesterday. (Evening Standard)
Advice to people planning to take the CFA for no real reason. (Dealbreaker)
Brazil’s economy grew 0% in the second quarter, which is not good given the correlation between GDP growth and banking revenues. (Financial Times)
Former MF Global staff are suing Corzine himself. (Financial Times)
The chief risk officer at MF Global had doubts about the strategy and challenged Corzine - who threatened to leave. The CRO resigned in March. (WSJ)
Unemployed Occupy protestor with Ph.D. in biomedical science specializing in pharmacology is offered job in brokerage by passer-by. (NY Post)
"Banks are not used to hiring people who love themselves more than they love money" (WSJ)
Although Mr Dossett admitted Mr Duffield called employees "morons" he said it was done in a paternal manner. (Telegraph)