Citi Investors Approve Comp Plan, Corbat’s Strategy

Citi Investors Approve Comp Plan, Corbat’s Strategy

Citigroup Chief Executive Michael Corbat made one point clear when he succeeded former CEO Vikram Pandit last year: The bank will answer the call of investors, not its…

Investment banks are starting to share technology. How can IT pros survive?

Investment banks are starting to share technology. How can IT pros survive?

If you work in technology, are you in danger of becoming commoditised? As more investment banks are encouraged to share IT functions that don't give them a competitive…

Bonus Ceilings Trimmed as Fed Pressure Looms

Bonus Ceilings Trimmed as Fed Pressure Looms

Who said bonus caps were a Euro problem? At the behest of regulators, U.S. financial services firms have begun to rein in performance-based pay for executives, establishing lower…

Lunchtime Links: Belgian MEP Philippe Lamberts sets up stylish banker-bashing website

Lunchtime Links: Belgian MEP Philippe Lamberts sets up stylish banker-bashing website

French (speakers) are stereotypically superior in matters of taste, so it should come as no great surprise that the new banker-bashing website set up the Belgian Member of…

Credit Suisse and Barclays confirm the supremacy of investment bankers

Credit Suisse and Barclays confirm the supremacy of investment bankers

Investment bankers are not the most popular fruit in the banking bowl. Reckless, entitled and liable to be rotten, they are being asked to change their ways. However,…

Singapore recruitment rises by up to 35% as banks replace staff

Singapore recruitment rises by up to 35% as banks replace staff

Banks in Singapore expect double-digit hiring growth this year and aren’t planning any large-scale layoffs, according to 13 senior human resources professionals from international and local banks who&hel

Late Lunchtime Links: New brokerage appears in London; HSBC shifts 2,000 people into far less exciting jobs

Late Lunchtime Links: New brokerage appears in London; HSBC shifts 2,000 people into far less exciting jobs

A new agency brokerage has manifested itself upon the London sales and trading scene. Financial News  reports that BNY Mellon Capital Markets EMEA has begun operations, offering electronic…

Deutsche suggests Goldman is nearing the ‘risk zone’ for a FICC exit

Deutsche suggests Goldman is nearing the ‘risk zone’ for a FICC exit

Analysts at Deutsche Bank have issued a report on the future of investment banks' fixed income currencies and commodities (FICC) businesses. They said that it doesn't look great…

Second-Tier Banks Risk FICC Firings

Second-Tier Banks Risk FICC Firings

UBS, which walked away from fixed income, currency and commodities (FICC) trading last year, took plenty of heat from pundits following its decision. Now it appears UBS may…

Unemployed bankers accept contracts on 25% less pay

Unemployed bankers accept contracts on 25% less pay

If you’re unemployed in Asia, now may be the time to swallow your pride and consider a fixed-term contract role. Your compensation could be cut by a quarter…

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