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MF Global Risk Officer Warned Against European Trades
The chief risk officer who was brought in to install risk management systems at MF Global after a rogue trading incident in February 2008 is expected to tell Congress Thursday he outlined his concerns...
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The Ultimate Wealth Adviser
Sometime around 2006, when Facebook Inc. was little more than a collection of T-shirt-clad 20-somethings in a sparsely populated office, Goldman Sachs Group Inc. private-client adviser Divesh Makan...
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Northwestern Mutual Hiring 2,400 Insurance Reps
Northwestern Mutual Life Insurance Co., based in Milwaukee, Wis., said it will hire 2,400 commissioned salespeople this year, the most since it was founded in 1857.The reps will sell risk products and...
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MF Global Risk Chiefs Had Same Warning, Different Styles
When the former risk chiefs of MF Global testify today at a congressional hearing, they are expected to defend their tenure under Chief Executive Jon S. Corzine and say they warned him about the risks...
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Morgan Stanley Invests in Indonesia
Morgan Stanley is going long on Indonesia. The firm just got a brokerage seat in the country, which means it will be able to trade securities and offer research. James Brewis, former head of sales at...
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When Did the Trades Start?
Much of the discussion focusing on MF Global over the last few months has centered (quite understandably) on where the missing $1.2 billion in customer funds is.But another important question sometimes...
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Layoffs Keep A'Comin
The finance sector announced roughly the same number of layoffs in January as in December, reflecting continued shrinking of the industry, according to a report by Chicago-based outplacement company...
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Finance Unemployment Dropped to 4.9% in January
While employment in financial activities dropped by 5,000 jobs in January, the unemployment rate dropped markedly over the year, bringing a glimmer of hope to the battered finance sector.The overall...
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RBS Misread Anger Over CEO Bonus
The Royal Bank of Scotland Group PLC's chairman on Friday acknowledged that the bank had miscalculated the public and political reaction to the £963,000 (around $1.5 million) bonus in shares awarded to...
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Accenture's First Female CFO Got Ahead by Staying Put
Hopping between companies can boost your career prospects, but not always. Consider Pam Craig, the first female chief financial officer at management consulting company Accenture. Staying put took her...
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No More Mistakes on the Lake
New York may be experiencing a hiring crunch but just a few states away hiring in retail banking is strong. Both regional and international banks are hiring workers by the dozens or hundreds in Ohio....
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Lazard Pays Its Bankers
Lazard's bottom line was hit hard by the weak M&A market last quarter. But that hit did not extend to its bankers, thanks to Lazard's bet on a big 2012.The bank's fourth-quarter revenues from...
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High Times at Lazard
Lazard may have missed its fourth quarter estimates, but employees will probably be happy with the compensation decisions at the boutique investment bank.While many firms are deferring pay by giving...
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Hiring for Insurance and in Asia
Tip: Northwestern Mutual Hiring 2,400Wisconsin-based Northwestern Mutual Life Insurance Co. is hiring 2,400 salespeople this year, the most since its founding more than 150 years ago. Representatives...
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Lloyds to Cut 990 Jobs
Lloyds Banking Group PLC on Tuesday said it is cutting close to 1,000 U.K. positions and closing some offices, as the bank continues to reduce costs and streamline its business. The bank, in which the...
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UBS Sharpens the Knife
Several months after a rogue trading incident forced the resignation of UBS's chief executive and an expedited overhaul of its investment bank, the firm said it would cut the investment bank's bonuses...
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Ten Ways to Keep from Flipping Out at Work
You know the feeling. That co-worker of yours has been driving you nuts all day with constant chatting. Or perhaps it's a subordinate who can never get it right. Or maybe that last demand from an...
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UBS Claws Back
UBS is taking back what it considers to be rightfully its.The bank will claw back some of the bonuses that were given out last year to the highest-paid investment bankers. Many firms are deferring...
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Accounting Firms Are Hiring
Amid the detritus of layoffs and slashed bonuses in banking and finance, there's one profession still actively looking for talent: the more placid vocation of accountancy.Public accounting firms, such...
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So You Want to be a Foreign Exchange Trader
The first thing Jeffrey Ransom does each morning at 6 a.m., before he takes a shower, brushes his teeth or makes a cup of coffee, is turn on CNBC to check the markets. As he walks to work, he taps open...
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