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UBS Ousts Risk Boss Miskovic, Names Lofts as Replacement
Sergio Ermotti, the new chief executive officer of UBS AG, made his first high-profile management changes, ousting the bank's risk-control officer and bringing back a veteran who helped clean up...
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Barclays Wealth to Boost Hiring by 50% in Asia
Barclays Wealth, the wealth-management unit of Barclays PLC, is planning to increase staffing in Asia by 50% by the end of next year, Chief Executive Thomas Kalaris said, but acknowledged that the...
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Barclays Wealth to Hire in Asia
The story is an oldie but a goodie: Large bank will hire dozens of wealth managers in, where else, Asia. This time the bank is Barclays Wealth, and it will increase its 100-member staff in Hong Kong,...
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Finance Sector Adds Jobs in November
The finance sector gained 8,000 jobs last month, according to the Bureau of Labor Statistics, but economists expect the sector to lose jobs over the next several months as banks' layoff announcements...
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White Men Still Get Most of Wall Street Pay
There are fewer white men in the increasingly diverse financial industry, but they still take home the bulk of Wall Street's money, according to a report set to be released Friday.In some cases, white...
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The GMAT Gets Harder
Anxious business-school applicants have something to add to their to-do list: preparation for the new "integrated reasoning" section of the GMAT.Although the new section was initially announced a year...
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Carbon Trading Runs Out of Gas
As if European debt talks weren't enough to hammer banks this holiday season, the do-gooders trying to profit from stemming global warming are also losing their jobs.JPMorgan, Commerzbank, UBS and...
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Hiring at Barclays Wealth, BNY Mellon and for Mortgage Experts
Tip: Barclays Wealth to Hire in AsiaBarclays Wealth will add 50 employees to its 100-member roster in Hong Kong, Singapore and India by the end of 2012. The bank is looking for senior bankers with 10...
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Seeking Private Equity in Asia
As if you haven't heard this enough, Asia is the place to be in finance. The latest firm to join the Asia herd is Carlyle, which sees boundless possibilities in private equity in the region. In an...
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China's Chosen Few
As banks cut staff around the world, they are fighting in China over a rare commodity: a banker licensed by the government to do stock and bond deals.Chinese securities rules require that every...
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Corzine, Directors Sued by MF Global Employees
Two former employees of MF Global have filed a class-action lawsuit against the firm's former Chief Executive Jon Corzine, other senior executives and board directors on behalf of themselves and...
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Risk Chief Warned Corzine, Board of Dicey Trades
MF Global Holdings Ltd.'s executive in charge of controlling risks raised serious concerns several times last year to directors at the securities firm about the growing bet on European bonds by his...
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The Evolution of Lazard
Lazard used to be rife with plotlines ripped straight from the movies, wherein chief executives stomped mightily around the globe to put their mark on the firm and bankers were rumored to make grown...
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How to Sell an Annuity
With their retirement nest eggs shrinking, more baby boomers are buying annuities as a hedge against declining returns. The industry expects sales to rise 5% a year for the next three years, reaching a...
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Fewer Finance CEOs Lost Jobs in November
Finance chief executive turnover decreased in November, according to a report by outplacement firm Challenger, Gray & Christmas. Last month, nine CEOs, led by MF Global Chief Executive Jon Corzine,...
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Interested in PE? Consider Asia
Jobs in private equity are out there, but you have to know where to look.If your first instinct was Asia, you're correct. If your first instinct was Europe, you may want to recalibrate your thinking....
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Corzine Speaks
A contrite Jon S. Corzine will express both sorrow and a firm defense of his actions Thursday in his first public appearance since the collapse of MF Global Holdings Ltd. in late October. "Recognizing...
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Private Equity a Bright Spot in Hiring and Pay
Private equity hiring and compensation are expected to increase next year, according to industry experts. Speakers at Dow Jones' webinar, "Avoiding the PE Comp Squeeze," said that PE investment...
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The Risk Taker in Jon Corzine
Jon Corzine broke his silence yesterday for the first time since he resigned as chief executive at now-bankrupt MF Global. Testifying in front of the House Committee on Agriculture, Corzine...
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Who Needs Health Insurance?
When it comes to having health insurance, FINS readers don't seem to care. U.S. Census figures indicate that 16.3% of Americans aren't covered by any health plan. Our informal Sign or Decline survey...
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