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Europe Begins 2012 Layoffs
The new year isn't beginning on a cheerful foot, at least in Europe.Societe Generale, which said earlier this week that it would cut 880 jobs in the French investment banking division, plans an...
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Finance Sector Gained Jobs in December, But Don't Rejoice
The finance sector gained 2,000 jobs last month, according to the Bureau of Labor Statistics, but continued fears over the eurozone crisis will drive job cuts over the coming months, economists say....
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Back to Work for Lloyds Chief
Rise and shine, António Horta-Osório, it's your first day back to school after winter vacation. Or, more appropriately, the first day back to Lloyds Banking Group after taking time off to treat...
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Head of Index Trading Out Among Morgan Stanley Equity Cuts
Morgan Stanley has wasted little time in the New Year in carrying out some of the job cuts it proposed last month, letting go of a number of staff in its European equities division late last week,...
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Bank Pay to Be Lowest since 2008
A dismal year means Wall Street is about to take a big hit to its wallet.As banks prepare to report fourth-quarter results and make final bonus decisions for 2011, total compensation is likely to be...
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If Your Boss Can't Hold a Job, Can You?
Constant turnover at the top can be distressing, but is it problematic enough to turn down a job? In FINS' informal Sign or Decline survey, 36% of 691 respondents said they'd turn down their dream job...
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Hedge Fund Hiring, Asia and Financial Adviser Jobs
Tip: Hedge Fund Hiring to Increase in 2012It's going to be a good year for some hedge funders. Employees are expected to bring home 15% to 20% more in total pay than last year. What's more, hedge funds...
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Lumps of Coal for Wall Street
It's no surprise, but Wall Street workers shouldn't be expecting fat envelopes this bonus season. According to The Wall Street Journal, total compensation, about $159 billion, will most likely be the...
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Morgan Stanley Rewards Ted Pick for Equities Performance
Morgan Stanley has added Ted Pick, global head of equities, and Jeff Brodsky, global head of human resources, to its operating committee, boosting its key corporate governance group to 12 executives...
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Top Former Lehmanites Exit Nomura
Tarun Jotwani, who was named head of global markets at Nomura in March last year in changes instigated by ex-wholesale banking division chief Jesse Bhattal, has today followed his former boss out of...
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MF Global Employees Take a Whack at Corzine
Former MF Global employees in Chicago recently had the chance to vent their frustration against Jon Corzine -- by smacking him with a small wooden bat. At a post-Christmas party Dec. 29, former...
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Nomura Resignations Sparked by Strategy Differences
The former Lehman Brothers banker who was hired to salvage Nomura Holdings Inc.'s ambitious global expansion resigned after he was unable to garner support from Tokyo for an overhaul of the global...
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A New World Order at Nomura
Nomura may cut a new path with the departures of former Lehmanites Jesse Bhattal and Tarun Jotwani. Bhattal, 55, the head of wholesale banking and the firm's highest-ranking foreign executive, is...
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Fannie Mae CEO Michael Williams Out
Fannie Mae Chief Executive Michael J. Williams resigned Tuesday, saying he will depart as soon as the mortgage-finance giant's board names a successor. His exit leaves the government scrambling to find...
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CEO Turnover Lowest Since 2004
Volatile markets, changing regulation and a weakened global economy led to 123 departures of chief executives at finance firms last year, the third highest among all industries, according to a report...
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The Gulf of Opportunity
You've heard that Asia is the place to be when it comes to getting a job, but now that recruiting there is starting to slow, consider a destination a little less east: the Middle East.Retail banking is...
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RBS to Lay Off 3,500 More Over Three Years
Royal Bank of Scotland PLC, the mostly government-owned U.K. bank, Thursday unveiled a broad-ranging restructure to prune back large parts of its investment banking operation, which will see the unit...
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JP Morgan Names New Risk Officer
J.P. Morgan Chase & Co. shuffled some of its management ranks once again Thursday, naming a new head of its commercial bank and a new chief risk officer, according to a memo from Chief Executive...
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Entry-Level Business Jobs See Salary Growth
College graduates taking entry-level business jobs in 2011 got paid more than the Class of 2010, according to the National Association of Colleges and Employers, based in Allentown, Pa.Average starting...
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Can't Work at Google? Try This Insurance Company
Marsh & McLennan Companies, the New York-based professional services and insurance brokerage firm, has had a tough few years. Until 2010, the company was busy restructuring its core operating...
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