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More Heads Roll in 2011 than 2009
Last August, banking analyst Meredith Whitney said securities firms would lose as many as 80,000 jobs by early 2012. Her prediction has come true – and then some. According to data from Bloomberg,...
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Companies Searching Facebook, LinkedIn for Job Candidates
Companies are spending more this year on recruiting but are focusing their dollars on more high-tech methods than in the past, a new report suggests. Additionally, more companies are hiring their own...
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UBS to Shrink Investment Bank
UBS AG on Thursday provided long-awaited details on its plan to shrink its investment bank by unwinding risky assets and to put more focus on its profitable business of managing the wealth of rich...
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UBS Revamps: Will it Work?
It's a brave new world for UBS. Or rather, a brave old world. The Swiss firm is going back to its roots, abandoning plans to become a major investment bank and focusing on wealth management....
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The Evolution at UBS
It was a case of evolution, rather than revolution, at the Swiss bank yesterday, as UBS set out a restructuring of its investment bank that many thought might go further."It certainly does not feel...
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Goldman Names Fewer Managing Directors
Goldman Sachs Group Inc. named 261 managing directors, 19% fewer than last year as the company fights sagging revenue and new regulations that threaten to clip its wings. Last year, Goldman named a...
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Hunkering Down in Private Equity
Not every aspiring private equity executive can be as lucky as the guy married to Estee Lauder's granddaughter and get to start their own firm, particularly in a tricky environment for raising...
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The Best Paying Sales Jobs
The mathematics of a job in sales is simple: Sell more to earn more. But knowing what kind of product or service to sell to earn a lucrative salary is difficult. Residential real estate isn't any...
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Guggenheim Partners Scoops Up Former MF Global Team
Washington Research Group, a group of investment research analysts that provides research to institutional equity investors and was most recently owned by now-defunct MF Global, has been acquired by...
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Venture Industry Still Dominated by White Men
The more the venture capital industry changes, the more it stays the same. Or so it seems when examining the demographic composition of U.S. venture capitalists, specifically gender and race.A new...
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HSBC, SocGen Hiring and Recruiters Up Use of Social Media
Tip: HSBC Holdings Hiring in ChinaEven though HSBC is cutting 30,000 staff members around the globe, it's continuing to hire in China. The China unit hired 300 employees in the first half of the year...
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White Men Still Rule Venture Capital
If you're a black man or a white or Asian woman trying to make it in venture capital, your point of view probably isn't being heard.A new survey from the National Venture Capital Association and Dow...
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No Big Gains for Women MDs at Goldman Sachs
Fewer women made the cut to managing director at Goldman Sachs this year, as 19% of the new group were female compared to 24% last year.Fifty of the 261 MDs named last week are women, a review of the...
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Deutsche Bank Considers Options for Asset Management Arm
Deutsche Bank has placed its asset management arm under review and is considering all options including a sale of the unit, as the eurozone crisis and regulatory changes force European banks to change...
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Corzine Trades at MF Global Had Less Oversight
Wall Street traders who make bets with a firm's own money usually have at least several sets of bosses looking over their shoulder.At MF Global Holdings Ltd., where Jon S. Corzine made $6.3 billion in...
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Now We Turn To the Future of Jefferies
Increased scrutiny into Jefferies' operations hasn't let up in the wake of MF Global's collapse, and now there's new focus on what might happen next for the mid-sized firm.Charlie Gasparino at Fox...
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Standard Chartered Expands While Others Contract
Other banks may have announced widespread layoffs, but not Standard Chartered. Following its long tradition of investing in emerging markets, the British bank will have added a net 1,000 employees this...
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Just be Thankful You've Got a Job
Forget those retirement plans or that big promotion. Just feel lucky you've got a job.According to a survey from LinkedIn, 63% of professionals worldwide are "happy" or "very happy" in their current...
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MF Global Secures Space Downtown; Employees to Move Next Week
MF Global Inc. has completed its lease negotiations and will move to its new offices downtown next week after employees get back from the Thanksgiving break. The broker-dealer operations of bankrupt MF...
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How to Keep Your Job This Season
It's nearing the end of the year and companies are calculating bonus pools and budgets for the next year. That means your boss could be discussing the fate of your job at this very moment. Nothing is...
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