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Who Will Succeed Buffett?
Who can fill Warren Buffett's shoes?The chairman and chief executive of Berkshire Hathaway, who has run the conglomerate since 1965, announced this week that he has prostate cancer. The disease was...
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Hiring in Dubai, at BofA and for Accountants
Tip: Russian Bank to Hire for EquitiesRussian investment bank VTB Capital, which has gone on a hiring spree in recent months, will continue to hire in M&A, equities, trading and advisory in its...
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They're Coming for Investment Bankers
In the second half of last year, traders in fixed income, currency and commodities were rightfully fearful of layoffs. Volatile markets resulted in continued slashing across the Street that's only just...
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JP Morgan Places Bet on Asia Pacific
HONG KONG—J.P. Morgan Chase & Co.'s head of investment banking, Jeff Urwin, will move to Hong Kong and add the role of chief executive for Asia.This marks the first time the New York bank has based...
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Woe, The Investment Banker
Wall Street's latest problem: too many bankers and not enough deals.Amid new regulation, lower profits and a dreary market for mergers and acquisitions, several banks are planning to trim...
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Death of a Money Manager
B. Robert Williamson Jr. was no ordinary money manager.Williamson, one of the key members of a family of movers and shakers in the hedge fund world, died last weekend in a car accident in North...
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BofA Strikes Back at Rival UBS
HONG KONG—Bank of America Merril Lynch has hired Alex Wilmot-Sitwell, a veteran banker at UBS AG, striking back after a series of senior defections to its Swiss rival. The Charlotte, N.C., company has...
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HSBC Set To Slash 2,000 U.K. Jobs
LONDON—HSBC Holdings PLC is set to cut 2,000 jobs in the U.K., as the lender looks to slim down its operations ahead of regulatory changes in coming months, according to a person familiar with the...
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No More Additional Cuts at Credit Suisse (For Now)
Credit Suisse is in the clear for now when it comes to job cuts, but you may want to reconsider the business you try to join there.Discussing first-quarter earnings yesterday, Chief Executive Brady...
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All Around the World
Japanese lender Mitsubishi UFJ Financial Group is expanding its retail banking business—and hiring thousands.The firm wants to hire 3,000 people around the world to help generate 40% of the bank's...
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CME CEO To Step Down
CME Group Inc. Chief Executive Craig Donohue will step down and leave the company in the coming weeks, months earlier than previously planned as part of a low-key exit from the world's largest futures...
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JP Morgan Hires Former Morgan Stanley Exec In Hedge-Fund Push
J.P. Morgan Chase & Co. said Friday that it has hired former Morgan Stanley executive Michael Fitzgerald to help lure hedge-fund clients to the bank's prime-brokerage arm.Fitzgerald had served as...
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Say on Pay Becomes Shout on Pay
First the average Joe. Now the sophisticated investor. We wonder who will be next to be upset about compensation at banks.Many shareholders at Credit Suisse and Barclays are not happy with those banks'...
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The Next 10 Female CEOs
Companies are grooming more women for the corner office.With a growing pool of highly qualified women and intensified investor pressure on boards to diversify corporate management teams, companies "are...
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Mitsubishi, J.P. Morgan Hiring in Asia and the Next Female CEOs
Tip: Mitsubishi UFJ HiringJapanese lender Mitsubishi UFJ will hire 3,000 people for its retail banking operations outside of Japan. The bank will hire in China, India and Indonesia, among other...
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Private Equity Strikes Back
As private-equity firms grow more optimistic about the industry and the prospects for deal closings in the first half of 2012, they're ready to bring on more staff to help with the increased pulse of...
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BofA Moneymakers Face the Ax
Amid the banking industry's relentless belt-tightening, even Bank of America Corp.'s moneymakers aren't safe.The Charlotte, N.C., company is planning about 2,000 staff cuts in its investment banking,...
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More Cuts at BofA
The time has come for investment bankers to feel the pain.Up until now, it's been their trading brethren who have born the brunt of layoffs in the wake of last summer's volatile markets. Consumer...
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Genworth CEO Resigns After Rocky Tenure
Genworth Financial Inc. said its chief executive, Michael Fraizer, had resigned Tuesday, abruptly ending a rocky tenure.Genworth named Martin Klein, the company's chief financial officer for the past...
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Turning Toward Africa
U.K. banking behemoth Standard Chartered plans to invest some heavy resources into its African and Asian business lines this year and will bulk up branch staff accordingly.The bank will open 50...
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