In February 2014, London’s Underground was partially shut down by a strike that forced many commuters to find new ways to get to work. The disruption lasted just 48 hours, but when three economists (Shaun Larcom, Ferdinand Rauch and Tim […]
What a difference a couple of weeks makes. In mid-December, I asked a collection of wise guests on my BBC radio programme How to Vaccinate the World about the importance of second doses. At that stage, Scott Gottlieb, former head of […]
Here’s a holiday quiz question for you: what do puzzles, poker, and misinformation have in common? The answer is at the bottom of this column. Let’s try an easier question first. In Santa’s workshop, if it takes five elves five […]
Tom Kelley is a sensitive soul. Shortly after sending the manuscript of his first book, The Art of Innovation, to his publisher, he visited Kepler’s, his local bookshop in Menlo Park in Silicon Valley. “I literally started to cry,” he confessed […]
One consequence of working from home is that mistakes are made. People miss messages; spinning plates fall to the ground; the falcon cannot hear the falconer; a New Yorker journalist broadcasts his genitals to everyone else on a Zoom call. […]
Pinkies up, folks. The best bars in Beverly Hills are glitzy, glamorous and—let’s be honest—probably in a hotel. Welcome to the 90210, a neighborhood where steakhouses and swanky Italian restaurants abound. But cocktail bars? They’re few and far between. If you’re looking for a great […]
That isn’t your Postmates delivery at the door—it’s a towering rabbit with a mustache and a boombox and paisley ears, and it’s here to sing you a song. One person’s singing telegram is another’s nightmare fuel, or some combination thereof this […]
Finance is an industry with long hours, where unexpected termination is rife. To survive, most people abide by the moto: work hard, party hard (and sometimes harder). Junior bankers in particular have mastered the art. I’ve seen people who’ve had very little sleep during […]
Si vous aspirez à travailler pour Goldman Sachs, ne vous attendez pas nécessairement à porter un costume. Aujourd’hui, vous y croiserez davantage de banquiers portant un pantalon en coton plutôt qu’une paire de mocassins Ferragamo et des chemises avec leurs initiales brodées sur les manches. Ainsi, seulement […]
1- Mangez un petit-déjeuner israélien Commencez votre journée à Tel-Aviv par un petit-déjeuner chez Manta Ray, à deux pas de la mer. Les locaux viennent ici pour l’incroyable mezzé fait maison, qui se compose d’une sélection de salades israéliennes. Mais aussi pour […]
More banks have announced their analyst bonuses for 2022. More analysts are disappointed. Following last week’s complaints about analyst bonuses at Morgan Stanley, there appear to be similar complaints about analyst bonuses at JPMorgan. JPMorgan isn’t commenting, but a post […]
It’s HSBC results day and more than two years into the bank’s program of 35,000 job cuts there are signs that the pace of extraction has slowed but that all the previous cuts at the bank were a fine idea. While […]
JPMorgan is in the metaverse. One day soon, an augmented reality version of Jamie Dimon could manifest itself in your front room. The US investment bank has hired Blair MacIntyre, a professor at the Georgia Institute of Technology as a managing […]
La startup française Sorare, l’une des mieux valorisés en France à 4,6 milliards d’euros, se trouve dans le viseur du régulateur qui estime que son activité se confond sous certains aspects avec des paris sportifs. Sorare a jusqu’à l’automne pour […]
It’s bonus day for analysts at Morgan Stanley and things don’t seem to have turned out as expected. This year’s payouts appear to be considerably lower than hoped. Morgan Stanley didn’t immediately comment on the generosity (or not) of its […]
It’s not easy to get a job at Blackstone. Last year, the fund received 29,000 applications for 103 junior (analyst) positions – an acceptance rate of 0.4%. Unusually high pay is the main attraction. Blackstone announced its second quarter results today. They […]
It’s not just investment banks that use India for their technology staff. Millennium, the multi-strategy hedge fund has discovered the subcontinent too. Millennium is currently advertising 16 technology jobs at a new India Technology Centre in Bangalore. In May it […]
It’s not just Ken Griffin who’s hiring in Miami. Millennium Management, the hedge fund founded by Izzy Englander is also building out its Miami technology hub, and is massing some of its most senior engineering staff in Florida in the process. […]
Given the collapse in revenues across M&A, and equity and debt capital markets this year compared to last, the general expectation is there will be job cuts. They might not be big job cuts – David Solomon at Goldman Sachs said yesterday […]
If you’re a developer in the financial services industry, you may not want to embrace remote working with too much enthusiasm. Credit Suisse’s research team suggests that the trend for working from home is likely to expedite a move to the […]
