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NYSE Derivatives Head Garry Jones Out
NYSE Euronext said Wednesday the global head of its derivatives business will leave next month as part of a broader restructuring.Garry Jones will depart in late June and his position will be...
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It's the Software, Stupid
Companies besieged with job applicants are increasingly relying on applicant-tracking systems -- software that helps hiring authorities manage high volumes of applicants to single job openings -- as a...
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Layoffs up 20% in First Five Months
Layoffs in the financial services industry increased last month as the sector struggled with global markets and new regulations.According to the monthly planned layoffs report from Chicago-based...
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Goldman Employees Need More Money
Cry for Goldman. Please.The firm's president, Gary Cohn, told a New York investor conference yesterday that it can't cut pay further for its 32,400 employees without risking its ability to do business....
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Finance Jobs at Risk With Global Slowdown
The U.S. economy added 69,000 jobs last month, the lowest figure seen in a year, with the unemployment rate rising to 8.2% from 8.1%. The jobs figure was significantly lower than economists'...
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Feds Focus on MF Global's Assurance Funds Were Safe
Federal investigators are scrutinizing a series of conversations among MF Global Holdings Ltd. employees shortly before the securities firm erroneously told regulators that its customer funds were...
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Corzine May Face Suit from MF Global Trustee
MF Global Holdings Ltd.'s management "seriously underestimated both the speed and extent" of the panic that overtook the securities firm in late October, a bankruptcy trustee said Monday, adding that...
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Storms Ahead in Finance
It's safe to say that last week's unemployment report from the Bureau of Labor Statistics left something to be desired.With the addition of just 69,000 jobs to the overall economy in the U.S. and a...
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Northwestern Mutual Hiring Up 20% This Year
Northwestern Mutual is on track to recruit more than 5,000 financial professionals this year, the company announced yesterday. As part of its largest-ever recruiting effort, the Milwaukee-based company...
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Citi's Harford Worked the Trading Floor and Got Ahead
Suni Harford didn't get to where she is at Citigroup by holding back. She played golf, asked for promotions and worked on the trading floor. At age 50, she's now the bank's regional head of markets for...
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Seven Tips for Success on Day One of a New Job
The first day at a new job is fraught with questions. Will it look bad if I can't remember everyone's name? When can I ask for my first assignment? Can I bring lunch from home? While the specific...
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Grim Times Ahead for the Street
June usually heralds the beginning of a carefree, slower-than-usual season, but for job seekers and employees alike, that may not be the case this summer. Several financial firms are reportedly...
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Finance Job Cuts May Start After Second Quarter, Survey Says
The crisis in the eurozone is sending a chill through Wall Street, with the possibility of job cuts looming after the second quarter and the likelihood of further cuts in compensation this year, a new...
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Brighter Job Prospects Ahead Outside Finance
Chief financial officers have become more optimistic about U.S. employment growth, expecting the unemployment rate to drop to just above 7% in the next year, but banking, finance and insurance...
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The Middle East Heats Up
While the finance industry is about to take a walloping in coming weeks, not all sectors will bleed. Private banking is still an attractive career option, especially if you've got the tolerance for...
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Six Ways to Deal with Criticism at Work
Criticism at work can affect every part of your life, adding stress during work hours and invading your thoughts outside the office. If you don't handle it well, negative feedback from your superiors...
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Accounting Hiring Holds Steady
Layoffs may be percolating throughout the Street, but accounting and finance departments are safe for the time being. The most recent Robert Half Financial Hiring Index says 93% of chief financial...
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Would You Turn Down a Job Without a Cash Bonus?
Deferred comp, clawbacks, restricted shares, this is the new currency of Wall Street. Employees, though, still prefer cash. So much so, that even in today's uncertain job market, some would turn down a...
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Slow Summer on the Street
Used to be that summer was the time to sit back, relax and enjoy a slightly less hectic atmosphere on Wall Street. No longer. The current doldrums, a mix of European catastrophe and weak deal flow and...
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Hiring for Financial Reps, Accountants and Private Bankers
Tip: Northwestern Mutual Hiring Up 20% This YearInsurance agencies aren't experiencing the same slump that most financial services companies are. Milwaukee-based Northwestern Mutual said hiring is up...
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