With summer in the Northern Hemisphere officially over on August 31st, summer internships in investment banks are firmly in the rear window. – Unless you interned in the investment banking division (IBD) at Goldman Sachs; Goldman’s ex-IBD interns still have summer very […]
If you had been wondering what the balance between fear and greed was among young people today, the statistics on graduate applications to investment banks might shed some light. On the one hand, since this time last year the banks […]
I work in audit for a Big Four firm in London. All the messaging here is about how diverse we are, and how important diversity is, but it’s all hot air. The diversity in my team is all at junior […]
I’m a portfolio manager with a long only investment fund. My parents are first generation immigrants to the UK. My father worked in a factory; my mother was a housewife. No one in my family went to university, nor did […]
As analysts in investment banks are informed of their bonuses this summer, there is more than a small degree of disgruntlement. Revenues in M&A divisions held up better in the first half of this year than revenues in capital markets, […]
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 […]
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 […]
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 […]
