The City jobs market is springing back slightly just in time for May.
Job vacancies in London's financial services industry increased to 3,455, a 9% increase from March, the FT reports. The figure is still a decrease from 27% a year earlier.
Recruiter Astbury Marsden, which put out the report, said investment banks are hiring staff in their fixed income units due to an injection of liquidity from the European Central Bank and the Bank of England.
Areas for hiring include interest-rate swaps desks and compliance and information technology, the latter of which are required to deal with reams of new financial regulations coming down from the government.
Still, U.K. unemployment is pretty at high at 8.3%. The London-based Centre for Economics and Business Research predicts that the jobless rate may increase to 10.7% next year.
Last year, London lost 27,000 financial employees. The city might be turning a corner, even if at glacial speed.
Barclays will open an online savings bank in the U.S., part of a plan to fund its American credit-card business. The firm has been expanding its cadre of executives based in the States.
The past year has been tough for Japanese brokerage firm Daiwa, culminating in about 500 job cuts, but its chief executive doesn't want to merge any time soon.
What Warren Buffett wants Warren Buffett gets. And this time he's set his sights on expanding his reinsurance businesses across Asia.
Just because you get fired from Goldman doesn't mean your life is over. Just ask Anthony Scaramucci.
Want an enjoyable work day? Sure you do. Then take constant breaks from checking your email.
Make sure you don't commit any crimes, starting 40 years ago! One woman was just fired from Wells Fargo for shoplifting in 1972.
Buzz Around the Office
Just in case you missed it this weekend.
List of the Day: The Informational Interview
The only way to get ahead is to get your foot in the door. Do it through an informational interview.
1. Don't be afraid to email strangers to ask for help.
2. Do your research on the person and company before you get to the meeting.
3. Don't forget to follow up periodically.
(Source: The Daily Muse)
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