Our Take: Desperate Measures and Their Effects
Last quarter, earnings season was punctuated by the demise of Bear Stearns. This quarter's marquee news revolves around public officials and regulators struggling to stave ...
In the wake of IndyMac's collapse, fears abound that Charlotte's big banks could be next. Plummeting stock prices at both Bank of America and Wachovia ...
Last quarter, earnings season was punctuated by the demise of Bear Stearns. This quarter's marquee news revolves around public officials and regulators struggling to stave ...
You're a private-client relationship manager responsible for $300 million in assets, but your employer is trimming both bonus allocations and back-office resources that support your ...
American Century Investments will restructure its bonus system for portfolio managers. The move will reward the firm's best performers with stock options and tie incentives ...
Newly launched hedge funds raised 40 percent more capital through June, but the number of launches fell 50 percent from 2007. London-based i-bank Collins Stewart ...
Goldman Sachs recently opened a hedge fund administration office in Toronto, Ontario's provincial government announced early this month. The number of jobs was not disclosed ...
Talk is heating up that State Street Corp. is planning to move some of its workforce to the Boston suburbs. The Boston Business Journal reports the ...
While compliance jobs at all levels abound in New York, San Francisco and other parts of the U.S., in Chicago the market remains sluggish. "Some (financial) ...
Employees at Washington Mutual, a key consumer and mortgage lender, face the prospect of more layoffs later this year. The Seattle Post-Intelligencer reports that Debora ...
Only half as many new hedge funds began trading in the first six months of 2008 as in the same period last year, with the ...
GLG Partners said it hired two Morgan Stanley veterans to shore up the group running its emerging markets hedge funds ahead of the pending departure ...
If you're a summer associate, it's tantalizingly easy to get diverted from what should be your first and only goal: convincing your summer employer to ...
The government's official employment data for the securities industry is belatedly catching up with the entrenched pattern of layoffs on Wall Street and elsewhere. But ...
While the credit crisis has produced a steady stream of layoffs as write-offs force Wall Street to prune headcount, a London-based bank is adding U.S.-based ...
Globalization of operations, products and services means multinational financial services firms must redefine the nature of their diversity programs. But morphing inclusion policies present benefits ...
Job prospects at credit-focused funds got a little bleaker after SAC Capital announced plans to shuffle its Sigma Capital Management LLC unit. Bloomberg reports SAC ...
The flow of people and capital into the distressed debt investing sector continues to swell, as both banks and hedge fund managers target bargains among ...
Goldman Sachs partner will replace GLG's emerging markets chief. More funds hire high-level distressed debt traders. A report says B of A may use lowball ...
An eFC user asks: To break into New York's top financial institutions, would a candidate do better to pursue the CFA designation, a CPA certification, ...
A pair of moves has London's second largest hedge fund replacing a top manager and Goldman Sachs losing another trader to run his own fund. ...