UBS has made a promotional video. Apparently it looks like Reservoir Dogs, but it also looks like middle aged men walking very slowly with transfixed smiles before talking earnestly about integrity straight to camera. Mice aside, you could be forgiven for wondering whether you really want to work for the Swiss bank after watching it. It all looks a bit intense.
The same cannot be said for the truly, truly excellent Barclays Capital recruitment video from 2006 which we’ve posted below. Lost to the world in the outer recesses of YouTube before it was revived on Twitter yesterday as a counterpoint to UBS’s dirge, it’s a reminder of a more happy, more fun, more lighthearted time in banking, when Bob Diamond ruled the world and everyone still thought that CDO-squareds were a terribly good idea.
Separately, Deutsche Bank is hiring. Bloomberg reports that the German bank has got some big recruitment going on in Florida, where it wants to add 250 people. To be honest, we flagged this back in March when Deutsche was hiring 350 people in Florida. but it’s seemingly found 100 of them since then.The 250 additional hires could be doing anything: Deutsche’s Florida office started as an operations hub but now houses all its major business lines.
ETFs are not the future after all. The amount of new money raised by exchange traded funds exposed to global stock markets has dropped 85% in the first half of 2016. (Financial Times)
Lloyds CEO António Horta-Osório could have some of his bonus clawed back after he was found to be having an affair. (The Times)
Where to work in ECM: Money raised by companies listing on London’s junior AIM market so far in 2016 is up 72% year-on-year to $1.2 billion. (Financial News)
A word from Kweku Adoboli, formerly of UBS: ” I am offering myself as lightening rod to help grow and change the industry.” (IBTimes)
A word from Greg Smith, formerly of Goldman Sachs: “I am very clear that I’m absolutely a capitalist – I believe banking is absolutely necessary.” (MoneyWeb)
Words Goldman Sachs suggests you add to your vocabulary. (CityAm)
A little Financial Transactions Tax wouldn’t really hurt, would it? (Salon)
You should’ve been a medic. (WSJ)
A motivational poem made entirely of corporate slogans. (Design Taxi)
Photo: Adam Smigielski/Getty