Hiring at Wells Fargo and JPMorgan, Bonus Overview
Tip: Wells Fargo Hiring for Investment BankingThe bulge-bracket banks probably didn't see this one coming: Wells Fargo is climbing the league tables of investment banking fees and capturing more fee...
View ArticleMore Cuts at BofA?
Bank of America may try to reduce annual costs by an extra $3 billion in the next phase of Project New BAC, the savings initiative the bank started undertaking last year. In a employee meeting last...
View ArticlePool of Women MDs Widens at Morgan Stanley
Morgan Stanley has named its 2012 class of managing directors and while the number is smaller than last year, there's a greater percentage of women who earned the title.The firm appointed 210 managing...
View ArticleWhen Your Boss is Also Your 'Friend'
It's probably a safe bet that most of us have used our work phones or computers for non-work-related business. If you knew your employer tracked your every electronic move, would you still want to work...
View ArticleBucking the Trend, Houlihan Lokey Still Hiring
In a financial climate like this, no one would blame you too much if you had to cut a significant percentage of your staff.Houlihan Lokey, the Los Angeles-based investment bank, has hired through the...
View ArticleWanted: Employees for High Frequency Trading Firms
Get ready for the ascendancy of high frequency trading and proprietary firms that have escaped the scythe and are profiting from banks' losses. High frequency trading firms, which use their own capital...
View ArticlePrivate Equity Experts Wanted at the SEC
If you want a job in private equity, forget Blackstone, try the Securities and Exchange Commission. SEC reps at the Dow Jones Private Equity Analyst Outlook conference in midtown Manhattan yesterday...
View ArticleAsia Beckons Finance Pros
After a late slump last year, financial institutions in Asia will gingerly resume hiring this year as the region leads an otherwise battered world job market.The main areas of growth include corporate...
View ArticleTough British Pay Rules Cut Cash Bonuses
Have you gotten your bonus yet?On both sides of the Atlantic, that's a question fraught with angst this year. U.S. firms typically announce bonuses before their European peers. Bankers at U.S. firms...
View ArticleFading India? Not Exactly
You can still find a job in finance in India, but you probably won't find it at larger multinational banks, which are cutting their teams. Instead, you may want to try your luck at domestic firms that,...
View ArticleCanada's BMO 'Prudent' About More Hiring in 2012
After going on a hiring spree last year, Bank of Montreal Capital Markets will be "prudent" about adding staff this year, according to Perry Hoffmeister, head of the bank's U.S. investment and...
View ArticleWhere the Finance Jobs Are in 2012
It's been a tough several months on the Street. After the financial crisis trampled everything in its path in 2008 and 2009, firms tentatively started rebuilding their teams in 2010 and continued...
View ArticleMaking it in Japan When You're Young, Female and American
When Kathy Matsui, then 25, moved from Washington, D.C. to Japan to join her husband 22 years ago, she had a few things working against her. Born in California, she was an outsider in the country of...
View ArticleParsons May Step Down from Citi
Richard D. Parsons, who as chairman of Citigroup Inc. helped steer the bank through its near-death experience in the financial crisis, is considering stepping down after three years in the post, said...
View ArticleSEC, Houlihan Lokey Hiring; Where the Finance Jobs are in 2012
Tip: Private Equity Experts Wanted at the SECIf you're looking for a job in private funds, try the SEC. The federal agency is hiring at least two experts: one to focus on hedge funds and private equity...
View ArticleHester at RBS Turns Down $1.5 Million Bonus
Royal Bank of Scotland Group PLC said its chief executive will waive his bonus for 2011, after a particularly fierce public and political outcry over the size and timing of the award. Stephen Hester...
View ArticleRetooling the Asia Outlook
While multinational banks will lay off staff in Hong Kong, there are still opportunities for the financial set in the city. About 180,000 people work in finance in the city, and the overall...
View ArticleMF Global Risk Chief No. 2 Worried About Euro Trades
The chief risk officer at the time of MF Global's collapse is expected to tell a congressional committee he sounded concerns about the firm's European sovereign debt trades in July 2011, three months...
View ArticleTokyo's Greek Cold
If you're looking to Asia for opportunities in finance, best skip Tokyo. Daiwa Securities Group and Mizuho Financial Group, both Japanese financial firms, will jointly cut 500 positions, the firms said...
View ArticleGoodwin at RBS Outguns Hester in Pay While Losing Knighthood
Sir Fred Goodwin may now be just plain Mister Fred Goodwin. But while his successor, Stephen Hester, has been forced to give up his bonus again, Goodwin at least has his money to console himself. Using...
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