Author: Lucas

Trading during the coronavirus: pay as a % of PnL

It’s only March but bonuses are already likely to be a touchy subject in investment banks this year: chances are that they’ll be cancelled or reduced dramatically, particularly as various banks are giving employees the sorts of employment assurances that usually come at a cost.  Although health considerations will […]

The death of Iowa

DES MOINES — There can be no doubting it now, not after so many years spent in the crosshairs, not after active presidential candidates began challenging its privileged position atop the nominating calendar, and certainly not after Monday night’s debacle […]