Clik here to view.
No Bonuses for Top Jefferies Execs
New York-based investment bank Jefferies cut 10% of the jobs at its equities arm last quarter, but has "no plans for any meaningful other changes" when it comes to headcount reductions, the firm said...
View ArticleClik here to view.
JPMorgan's $20-a-Head Holiday Party
Everyone knows that Wall Street has been acting a bit Scrooge-like ever since the 2008 financial crisis hit. Nowhere is this new belt-tightening more evident this year than at the annual holiday...
View ArticleClik here to view.
The 1% Speaks
Bankers of the 1% have heard the cries of the 99%, and several of them have decided it's time to fight back.JPMorgan Chief Executive Jamie Dimon, hedge fund manager John Paulson and John Allison,...
View ArticleClik here to view.
Former Fannie Mae Head Mudd Takes Leave from Fortress
Daniel Mudd, the former head of Fannie Mae, is taking a leave of absence from his job as chief executive of Fortress Investment Group, and the alternative-asset manager has appointed co-founder and...
View ArticleClik here to view.
MF Global Equity Head Hired by UBS
UBS AG has hired Peter Forlenza, former global head of equities for MF Global Holdings Ltd., to run the Swiss banking group's equities business in North and South America, marking one of the...
View ArticleClik here to view.
HSBC Out of Japan Private Wealth
U.K.-based HSBC announced its plan to sell off its Japanese private-banking unit to Credit Suisse, with the deal set to close in the middle of next year. The sale of the business, which caters to...
View ArticleClik here to view.
Hedge Fund Marketing Pay, Jobs Set to Increase
Hedge-fund marketers can expect to pocket 15% to 20% more in total pay this year than last, according to a report released last week. In addition, hedge fund hiring for several types of positions will...
View ArticleClik here to view.
Tech Companies Target Youth Labor
Robbing the Cradle (WSJ)In the war for tech talent, you've got to get 'em young. That's why big companies like Google are ramping up their internship programs and smaller companies are following their...
View ArticleClik here to view.
From Beauty Queen to Mortgage Bond Lawyer
Kathy Patrick has been a beauty queen, a Harvard law student and a singer with a Christian rock band. Lately she also is the secret weapon for big bond investors seeking to recover billions of dollars...
View ArticleClik here to view.
How to Find a Job in Two Hours or Less
Unless you're unemployed, job-hunting eight hours per day is unrealistic. Even if you do have all day to look for work, it can be demoralizing and tiring. Luckily, two hours may be all you need.Many...
View ArticleClik here to view.
The Pitfalls of Commodities Trading
It turns out that commodities trading isn't a no-brainer, after all.Barclays is making adjustments to its base-metals trading team after a number of bets the firm made on copper, nickel and aluminum...
View ArticleClik here to view.
The Year Wall Street Blinked
What a year for Wall Street. With the exception of a few firms, most of the Street announced plans to lay off thousands of employees. The year-end total came to more than 200,000, up from the 174,000...
View ArticleClik here to view.
How Not to Confront Your Boss
In May of 2008, four members of Lehman Brothers' senior-level management received a letter from a 14-year company veteran, Matthew Lee, who at the time was a senior vice president."I have become aware...
View ArticleClik here to view.
How to Keep Your Job, Boost Your Pay and Other Career Pointers
Over the past year a growing number of readers have come to us to find out the best ways to elevate their careers, whether they are just starting out in their industries or have worked at their...
View ArticleClik here to view.
Best Career Books for 2012
With 2011 a distant memory, it's time to reassess your career and job prospects. Regardless of your career resolutions for the New Year, you're bound to need help achieving them. Narrowing your fields...
View ArticleClik here to view.
Unlike Everyone Else, JPMorgan Expanded in 2011
JPMorgan, the biggest bank in the U.S., was able to add thousands to its ranks in 2011 despite a year that saw "hostility toward our industry," according to Chief Executive Officer Jamie Dimon.In an...
View ArticleClik here to view.
Cordray to Head Consumer Bureau Despite Opposition
President Barack Obama will install Richard Cordray as head of the new Consumer Financial Protection Bureau on Wednesday, administration officials said, bypassing Senate Republicans who had blocked his...
View ArticleClik here to view.
Uprisings at Jefferies
Sometimes when a group of executives bands together to demand changes, the firm listens. At least half a dozen executives and employees in the prime-brokerage unit at Jefferies threatened to leave the...
View ArticleClik here to view.
Finance Layoffs Accelerated in December
The finance sector announced nearly seven times as many layoffs in December than in October, reflecting continued turmoil in the industry, according to a report by Chicago-based outplacement company...
View ArticleClik here to view.
B-School Applicants Must Speak English
This admissions season, business school alumni are the ones facing rejection.Graduate schools including University of Pennsylvania's Wharton School are bypassing alumni in admissions interviews to meet...
View Article