Banking technologists in Singapore are sounding the alarm about the number of young tech professionals leaving the finance sector to join big tech companies. Google, Amazon, Facebook, Alibaba, Tencent, ByteDance and Grab are using Singapore as a beachhead into Southeast Asian […]
The Review
Bonus rivalry in Hong Kong as Chinese and US banks offer bumper payments
Mainland banks in Hong Kong remain competitive in the bonus stakes even as US firms pay bumper Asian bonuses for 2020. As we reported last week, Asian revenues at Morgan Stanley, Goldman Sachs, JP Morgan, and Citi (within its Institutional […]
Winners and losers in a “brutal” bonus season
Good years in banking are usually good for everyone, and bad years are usually bad for everyone, but every now and then you get a year like 2020, which looked like it ought to have been great, but which came […]
Bank of America had good and bad news on bonuses
Bank of America announced its bonuses on Friday. There was good and bad news for people who work there. The good news, reported already by the likes of CNBC, is that Bank of America is making extra payments to employees earning below $500k. […]
Five questions for Goldman Sachs on bonus day
Thursday is the day that Goldman Sachs announces its bonuses for 2020. If it gets them right, people will stay in situ throughout 2021. If it gets them wrong, there will be exits to rival banks and hedge funds. Most […]
Everything we know about U.S. banks’ bonuses this year
If you already know the dimensions of your bonus for 2020, you work for one of a handful of banks. – The Canadians and Jefferies, which reported before Christmas, Citi and Morgan Stanley, which reported last week, or JPMorgan which told some of […]
“Bankers are inferior to consultants”
If you work in banking you probably thinking you’re kind of special. Maybe you are. But as a consultant who encounters bankers frequently I’d say that people in my industry have a lot more appealing traits. Consultants are intellectuals and […]
Is It Safe to Go Back to Work? 8 Questions to Ask If Your Company Is Planning to Reopen the Office
Silicon Valley giants like Twitter and Facebook may have announced that employees can work from home indefinitely, but plenty of companies are expecting folks to come back to the office at some point. Your own office might be open already, or reopening […]
Salaries and bonuses at Goldman Sachs in Hong Kong: the reality
Not everyone starts a career at Goldman Sachs in Hong Kong because of its reputation for paying good salaries and bonuses – there’s the kudos of having the GS logo on your business card to impress clients, friends and family. And there’s […]
Court says sexual conduct between partner and associate not unprofessional
It reads more like something from 2005 than 2016, but the drunken events that led to Ryan Beckwith, a former partner in restructuring at law firm Freshfield Bruckhaus Deringer having sex with an associate who’d recently left his team, have not been deemed […]