We're almost at the midway point of summer, and the news is bleak. Second quarter results come out starting Friday and no one's expecting great news in the hiring department.
Two areas, however, are seeing some action. The first is health care banking, which, as you might have guessed, is in demand in light of the U.S. Supreme Court decision to uphold the Obama administration's health care plan.
Firms including UBS, Perella Weinberg and Leerink Swann have made senior hires in recent weeks. Since the June 28 ruling, more than $20 billion of mergers and acquisitions have been announced in the health care sector, according to Financial News.
If stethoscopes and stents don't do it for you, consider Asia. Investment bank Jefferies said in a filing on Monday that a "significant portion of the additional increase" in headcount is due to its expansion in Asia. The firm had 3,809 employees as of May 31, up nearly 20% from the same point last year, Financial News highlighted.
A former employee of Peregrine Financial Group has filed a WARN lawsuit against the company, arguing it didn't give him 60 days' notice he was about to be terminated.
A casualty of the job cuts being made by Morgan Stanley is Harald Gegenwart, the firm's head of German equity trading. The firm says it's letting go fewer than 100 employees.
Ina Drew, the former head of J.P. Morgan's Chief Investment Office, is one of several executives who will hand back a portion of their stock-based compensation.
If "working from home" sounds synonymous to "Facebook stalking" and "online shopping," you might want to reconsider. Many companies are employing new software to track the browsing habits of remote workers to ensure they aren't slacking off when off-site.
A pack of New York City financiers attended a battle of the bands fundraiser on Tuesday night in an effort to raise money for military veterans and their families.
Leon Black, come on down. The financier paid -- gulp -- nearly $120 million for Edvard Munch's "The Scream."
Buzz Around the Office
Struggling with motorists cruising through its toll booths without paying, the North Texas Toll Authority has released the names of its worst offenders. Topping the list is Amber Young of Dallas, who owes nearly $180,000 in unpaid tolls.
List of the Day: When to Quit
If you've experienced any of the below, you want to consider leaving your current gig.
1. If you dread Monday morning, and not for the usual reasons everyone dreads Monday morning.
2. Your company is going to go under.
3. You're underperforming and you don't think you're going to improve.
(Source: Glassdoor.com)
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