If you’re a banker or trader who’s lost your job in the past few months, you might feel apprehensive about the future. Thousands of people have been let go from banks since October. Thousands more are expected to go by […]
Tag: Banks
The greenest banks to work for in 2023
Are you a young, environmentally conscious, young financer? Want to make your career decisions based on your contributions (or rather, your lack of contribution) to *checks notes* the fossil fuel life cycle? Welcome to the banking climate change hall of […]
Chinese bankers are losing their jobs as banks reverse growth strategies
China is taking a beating from investment banking job cuts as firms reduce headcount in the Asia-Pacific region. Credit Suisse has become the latest bank to cut heavily, with around 20 China-focused bankers understood to be losing their jobs, according […]
“A generation of very average MDs in banks will be wiped out in London”
For most people in the UK, the removal of the EU cap on banking bonuses is a signal that bankers’ pay is being unleashed to levels last seen over a decade ago. “It feeds into a clear them-and-us narrative,” says Larry […]
Banks spied cutting juniors despite talent shortage
It’s not just Revolut that’s decided it can do without some of its juniors, we understand that some banks in the US have done the same. Both Jefferies and RBC Capital Markets have been spotted releasing analyst talent onto the […]
How Bank of America became the best paying bank for juniors
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, […]
Summer interns are disguising banks’ job cuts
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 […]
U.S. banks are looking for a new kind of generalist in Hong Kong
US banks are on the hunt for bankers to lead advisory teams specialising in environmental, social and governance (ESG) as they play catch up with European peers. US banks want senior bankers with ESG expertise, with at least one big […]
“Banks are desperate. There’s a shortage of talented people”
Where is the pent-up hiring demand in the front office of investment banks after the first quarter of 2022? If you’ve been paying attention it will come as little surprise that the activity is mostly on rates and FX desks. […]
Students who discovered a back door into elite banks face reality
As Wall Street goes back to the office, it looks like the next round of graduate interviews are going to be conducted in person rather than online. That’s apparently quite a disappointment to a lot of students, because it means […]
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