As banks slowly nudge staff back into their offices, it turns out that it’s not just toilet plumes that are causing stress: having people in COVID-proofed buildings is also very expensive. Deloitte Consulting puts the ‘seat’ cost of a banker in an office […]
Tag: virus
How to survive as a junior banker in the time of the virus
If you’re a junior investment banker now you’ve probably been through a pandemic adjustment process along with the rest of us. – As an industry we’ve swung from macho face-time and staying late in the office to being (institutionally) afraid to […]
Citi reassured graduate hires they’re still wanted despite virus
When the financial crisis struck in 2008, some banks cancelled graduate hiring altogether or asked students who were due to join in the summer to defer joining for a whole year. So far, there’s little sign of that happening with the crisis induced by […]
“20 hours a day of absolute misery”
The week has barely begun, but some people in finance are already exhausted after another day of plunging stocks and circuit breakers despite huge policy interventions from central banks. Some have had enough. “People look exhausted from all the drama today,” says a senior emerging […]
Bankers say too little is being done to protect them from the virus
Before the coronavirus, ‘wellness’ was a big issue in banks. Whether it was ‘Talks at Goldman Sachs’ or client cycling events at Barclays, the emphasis was on nurturing employees in both body and mind. However, the past few weeks have shown […]
Virus means junior bankers now working until 2am on their own at home
However harsh the hours as a junior working in M&A in an investment bank, there was always the upside of Seamless deliveries and the camaraderie of 2am pitchbook revisions. In the time of the coronavirus, young bankers are still working equally long […]
Grounded by the virus, senior bankers risk losing their mystique
If nothing else, the coronavirus should at least save banks a small fortune in travel costs. Although no other bank has gone as far as JPMorgan in advising against all non-essential travel, others are almost certain to follow soon – not […]
Banks delay virus restrictions on New York & London staff returning from China
Today is Chinese new year. However, thanks to the coronavirus that has so far officially infected around 2,700 people and killed 80, many in China are not celebrating. Yesterday, China’s health minister Ma Xiaowei said the virus is infectious during its one to fourteen […]
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