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Barclays CEO Diamond Resigns
The chief executive of Barclays PLC, Robert Diamond, resigned Tuesday amid intense political and investor pressure from the British bank's involvement in rigging an important interest-rate...
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Barclays CEO Diamond Out Amid Rate Scandal
The scandal involving efforts to manipulate a key interest rate continued to tear through the top ranks of Barclays PLC, as its chief executive and chief operating officer resigned a day after its...
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Job Growth at a Snail's Pace
It looks like deja vu all over again.The monthly Employment Situation report released today by the Bureau of Labor Statistics showed little growth over May, the latest in a string of disappointing...
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More Power to the ECB
The European Commission's proposed banking union, which is intended to stabilize the banking sector in the eurozone, may have some unintended consequences, according to an analysis from Reuters.Under...
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Hiring at Cantor Fitzgerald, Bank of America and at Mortgage Lenders
Tip: Cantor Fitzgerald to Hire 1,000 Having hired 100 people so far this year, New York private firm Cantor Fitzgerald isn't slowing down. Because it won't be bound by international regulation like...
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Hedge Funds Back on the Map
After being scared off from hedge funds in 2008 when the financial world imploded and investors couldn't get their money back, wealthy individuals are again investing. As a result, funds are hiring...
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Peregrine Employees to Join the Unemployed Pool
Stop me if you've heard this one before: A futures firm with a large Chicago office runs through customer money and as it's being liquidated, is forced to lay off its employees.It's not MF Global, but...
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PFG Employee Files Lawsuit for Wages
A former employee of Peregrine Financial Group, the Cedar Falls, Iowa-based commodities firm that moved to liquidate on Tuesday, filed a WARN (Worker Adjustment and Retraining Notification)...
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Where the Wild Opportunities Are
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...
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Leon Cooperman On How to Succeed in Business (By Really Trying)
Leon Cooperman, 69, is, by all accounts, a successful hedge fund manager. After spending more than 24 years in the research and asset management departments at Goldman Sachs, Cooperman started his own...
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Omega's Cooperman Backs Romney, Assails Dodd-Frank, Volcker Rule
What does pulling teeth have to do with building a multi-billion-dollar hedge fund? Apparently not much. While a college student, hedge fund honcho Leon Cooperman thought he was going to be a dentist...
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Moelis India Open for Business
New York-based investment bank Moelis & Company is expanding into India, the company said yesterday. Manisha Girotra, India country head at UBS, joins to run the office."As we expand our global...
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J.P. Morgan Claws Back Comp on 'Whale'
J.P. Morgan Chase & Co. threw the book at the traders behind the "London Whale" blunder, seizing millions of dollars of compensation in what it called the "maximum permitted clawback" under its...
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J.P. Morgan Still Growing
Despite the weak economy and a huge trading blow up in London, Jamie Dimon is still growing parts of his empire.On a conference call with analysts Friday to discuss J.P. Morgan's second quarter...
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Hiring at Moelis, at Hedge Funds and in Healthcare Banking
Tip: Moelis India Open for BusinessNew York-based investment bank Moelis & Company is opening its first office in India. The country is a priority for the company and the office will grow to double...
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Goldman Goes West Down Under
The Australian investment banking community is getting a little bigger.Goldman Sachs will open an office in Perth, Australia, on August 1, according to Deal Journal Australia. It will be run by Peter...
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The Makeup of Goldman
Call it "Extreme Makeover: Banking Edition," and get a look at the latest contestant.Goldman Sachs is changing both inside and out. First, the company is building a private bank that will lend to...
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Laid Off? Banks Want You
Good news for those who have been laid off in the financial sector: Banks are more willing to hire you these days, as opposed to yesteryear, when being laid off was a huge obstacle to finding a new...
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You Got the Accounting Job. Now What?
Accounting has remained one of finance's few safe havens for employment with Big Four firms such as Deloitte and KPMG hiring thousands every year. But getting a job at an accounting firm is only the...
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And the Layoffs Continue
Second quarter earnings are revealing a persistently weak financial industry and the necessary steps banks must take: more layoffs.Over the past year, the six largest U.S. financial institutions have...
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