A certain sort of banker can step aside. A new person is occupying the space commonly associated with crass materialism: the greedy employee of big tech. They’re making the sorts of statement reminiscent of Barclays’ Roger Jenkins in 2008. While Jenkins’ bonus conversations occurred in emails to his colleagues, Facebook’s employees have been spotted expressing […]

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What should you study at university? What should you study at university if you come from a comparatively low income household and you want to be a high earner? – And where should you go to study it? Not sociology, and not to Edinburgh University in Scotland. Researchers at the London Institute for Fiscal Studies […]

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If you’re a junior investment banker with less than two years’ experience (say, an analyst working for a major U.S. investment bank) and you fancy a move to the buy-side, a U.S.-based alternative asset manager with an enormous $125bn in assets under management may hire you. At least, it’s just taken on three juniors – […]

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You can usually tell when someone has been paid like sh*t. They’ll walk straight out of the office after their compensation conversation, sit back down at their desk and stare at their screen. Sometimes, they’ll go to the bathroom and cry. When your bonus is bad, there are a few things you can do about. […]

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Blame the, “challenging market conditions.” Blame the, “DB specific newsflow.” Blame the “strategic decisions,” the “strategic repositioning.” Blame the weather. Deutsche Bank’s fourth quarter was in keeping with the rest of its year: weak. And Deutsche Bank’s bankers and traders will see this reflected in their pay during the coming bonus round. You can see Deutsche […]

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It’s Deutsche Bank results day, and things aren’t too bad (the first net profit since 2014, a fourth quarter revenue drop of just 5% in the corporate and investment bank) but the quarterly performance might not be the most important thing to think about.  If you take a step back and think about the most […]

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In April 2019 it will be three years since Nomura did the deed – since that one weekend in late spring when it unexpectedly decided to pull the plug on its European equities business and eliminate 500 people almost overnight. “We did let people go back to their desks. We did let people say goodbye to […]

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With Theresa May flying to Brussels to scenes of accidental World War II imagery on the BBC News as she endeavours to renegotiate a deal she herself previously said was non-negotiable, and with March 29th drawing ever closer, banks are getting on with it. Bank of America is preparing to move people to Paris; Goldman Sachs […]

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If you’re an emerging markets trader in search of something new and exciting, you might want to hit-up Uberto Palomba, an EM trader with a long pedigree. Palomba is about to start something new and we understand that he will be looking for a few people to join him. Palomba’s new gig is at Millennium Management, the […]

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These days, it’s become normal for banks to curtail the hours their juniors work and for juniors to be empowered to push back against senior staff who dump work on them late at night. At JP Morgan, the average young banker now works a ‘mere’ 72 hours a week, according to Wall Street Oasis. At […]

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