The Rise of Chinese Banks
People have been talking about the rise of the Chinese banking industry for quite awhile, but here's more evidence it's actually happening. Chinese firm Citic Securities is taking over CLSA...
View ArticleHiring at J.P. Morgan, Goldman Sachs and for Accountants
Tip: J.P. Morgan Still GrowingLooking for a stable bank? J.P. Morgan is still expanding parts of its empire. The firm is gaining market share in small business banking and commercial banking and added...
View ArticleJulius Baer's China Move
Ka-ching! Julius Baer has hit the big time with a new arrangement with the Bank of China, which will allow the banks to refer clients to one another. That will give the Swiss private bank access to...
View ArticleRothschild: The Bank You Haven't Thought About
Just in time for the Olympics, you may want to consider London-based bank Rothschild in your job search. Between its combined British and French businesses, Rothschild generated nearly $1 billion in...
View ArticleAsia Cools Off
Less than a year ago, everyone, including this publication, was telling you to get a job in Asia. While some economies in the region are growing faster than the U.S. or Europe, companies are beginning...
View ArticleTroubled Times at Nomura
Falling on your sword isn't unique to Swiss or British banks. You can add a Japanese chief executive and a chief operating officer to the list of bigwigs who have ceded their thrones to stave off...
View ArticleAt MF Global, Barclays' Carnwath Stepped Down for Corzine
Before Alison Carnwath, who stepped down from Barclays' board earlier this week, reportedly tussled with directors over management compensation, she helped build a firm that's seen problems of its own:...
View ArticleWells Fargo Seizes Its Opportunity
Whenever there's a macro-trend taking place, say, all the big banks are scaling back plans to hire aggressively in Asia, there's always one firm that's just a bit contrarian. In the U.S. and Europe,...
View ArticleHiring for Private Banking, the Rise of Chinese Banks
Tip: The Rise of Chinese BanksChinese firm Citic Securities is taking over CLSA Asia-Pacific Markets, the brokerage unit of French bank Crédit Agricole. Citic wants to become a "world-class,...
View ArticleCFPB Increases Staff Numbers
The Consumer Financial Protection Bureau, the relatively new federal agency charged with overseeing loans, mortgages and other consumer-related products, has been expanding over the past year and will...
View ArticleDividing Up Deutschland
Deutsche Bank, which said in April it didn't expect to cut jobs, has jumped aboard the second quarter earnings bandwagon and yep, made a dent. The German bank will cut 1,900 jobs in total, most of them...
View ArticleNothing Standard About Standard Chartered
Like we noted last year, there's something about Standard Chartered that is worth looking into. After its profit in the first half the year rose 9%, the firm has money to play with. And it intends to...
View ArticleTurning Up the Heat
The numbers are in, and they're not pretty.Announced job cuts in the finance industry doubled since last year, according to a new report by Chicago-based outplacement company Challenger, Gray &...
View ArticleFinance Sector Inches Back and Forth
Finance gained 1,000 jobs in July, according to the Bureau of Labor Statistics. Not a loss, which is a good thing, but also not much to celebrate, either.Finance and insurance, a subsector within the...
View ArticleStandard Chartered, CFPB Keep Hiring
Tip: Nothing Standard About Standard CharteredWith profit on the rise, U.K. bank Standard Chartered is expected to add between 1,000 and 1,500 positions in the second half of 2012. The firm also plans...
View ArticleLondon's Identity Problem
You don't need multiple surveys to tell you that London is a top financial center. But that status might be in jeopardy if the City doesn't start hiring, and soon.A new report from headhunter Astbury...
View ArticleA New Standard for Standard Chartered
Standard Chartered was busy talking about how great it was with compliance, no issues here thank you very much, and then a New York financial regulator came out Monday and said oops, the bank actually...
View ArticleMorgan Stanley Consolidates
Morgan Stanley, which recently said it would cut hundreds of jobs as part of a firmwide cost-cutting initiative, is now turning its attention to the retail brokerage. And things are going to be bloody...
View ArticleA Swiftly Tilting Planet
Dear Readers: The industry has changed much over the past three years, no doubt about it. During the financial crisis, firms laid off thousands. After it was over, they began bulking up again in 2009...
View ArticleTen Habits of Bad Bosses
It's one thing to have a bad boss. It's an entirely different story when your bad boss is one of many at your firm. That could indicate a deeper problem suggesting your company's management culture...
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