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Asset managers with £6.5tn sign up to tackle diversity greenwashing
Schroders, Legal & General Investment Management and Aviva Investors are among 15 asset managers that have signed up to a…
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Goldman Sachs slashes London banker pay by 66% during the first quarter
Goldman Sachs reduced the amount it spends on pay for London-based staff by 66% during the first quarter as dealmaking fees…
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Fed can cool inflation this year and economic growth will continue, Williams says
The Federal Reserve can bring inflation down while maintaining a strong economy this year, said New York Fed President John…
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FCA staff committee co-chair steps down over pay changes
A co-chair of the staff body that represents employees at the City regulator has resigned after the Financial Conduct Authority did…
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FCA strike sees staff picket Stratford HQ: ‘Hey, hey, FCA much more work and much less pay’
Around 40 staff picketed the Financial Conduct Authority’s headquarters in Stratford this morning as employees began the first industrial action…
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Trading Places: JPMorgan poaches Aviva’s Singh, FCA hires ex-Goldman MD, BofA nabs Ansorg
Big hires continued apace this week, starting with Jefferies, which hiredMorgan Stanley dealmaker Richard Gostling to head up its coverage of…
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U.S. gains 428,000 jobs in April, and wages rise again — but labor force shrinks
The numbers: The U.S. added a solid 428,000 new jobs in April, but an acute labor shortage showed little improvement…
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KPMG UK hikes staff pay — salaries boosted between £2,000 and £4,000
KPMG UK has given all of its staff overnight pay rises of between £2,000 and £4,000. The firm’s chief executive…
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The decline in the U.S. birth rate bounced back from the early days of the pandemic
When the pandemic hit, the stay-at-home orders didn’t give American families more babies, instead, it generated a “baby bust.” Now,…
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SEC to Hire More Crypto Cops to Fight Digital Frauds
WASHINGTON—The Securities and Exchange Commission will boost the size of its special unit devoted to investigating cryptocurrency frauds and other…
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US Labor Department has ‘grave concerns’ about Fidelity’s bitcoin pension plan
Labor Department officials believe Fidelity Investments’s plan to allow investors to put bitcoin in their 401(k) accounts risks the retirement security of…
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U.S. employment costs accelerate in first quarter, adding to inflation worries
The numbers: The U.S. employment cost index rose 1.4% in the first quarter, up from a 1% gain in the…
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Amazon looks to cut costs after first loss in seven years sends stock careening lower
Amazon.com Inc. reported a loss of nearly $4 billion in the first quarter of 2022 as inflationary pressures added costs,…
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Robinhood lays off 9% of full-time employees as it drives plan to end duplicate roles
Robinhood Markets said it was laying off 9% of its full-time workers and is cutting back on duplicate roles it…
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Robinhood to lay off 9% of workforce as its stock hits new low
Robinhood Markets Inc. is cutting 9% of its workforce, the online-trading platform’s chief executive announced Tuesday afternoon, as the company’s…
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First bankers, now lawyers: cryptocurrency industry’s latest hiring frenzy
The cryptocurrency industry is ramping up efforts to recruit more legal talent as it faces increased regulatory pressure while looking…
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Crypto Industry Can’t Hire Enough Lawyers
The cryptocurrency industry is ramping up efforts to recruit more legal talent as it faces increased regulatory pressure while looking…
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Goldman Sachs keeps intern pay at $85,000 as Wall Street rivals raise salaries
Goldman Sachs has decided not to up pay for its interns, despite hiking salaries for other lower-level roles as an…
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Tie banker pay to diversity, says author of Diary of a Black Man on Wall Street
Firms must be more transparent around hiring practices at middle management and tie diversity goals to compensation if they want to…
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Tech Wage Inflation Puts Pressure on Companies
Wage inflation in the technology sector is accelerating, pressuring companies to boost compensation for key roles by 20% or more…
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Hot hiring market for London lawyers continues into 2022 despite M&A slump
The booming recruitment market for lawyers in London has stayed hot into 2022, despite a slowdown in deal flow and…
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City workers moving jobs see 22% salary bump as competition for talent intensifies
City workers changing jobs in the first quarter of the year have received a typical salary bump of 22% amid…
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Dechert hires director from Bank of America in hot legal hiring market
Dechert has hired Bank of America director and assistant general counsel Richard Pugh as a partner in its London office.…
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Is the stock market open on Good Friday?
It’s a shorter week for markets heading into Easter weekend, with U.S. stock exchanges closing a day early, ending the…
Read More » - Entrepreneurs
Seso Wants To Help Solve A $3.1 Billion Farm Labor Crisis Through Automation
Jordan Taylor (left) and Michael Guirguis (right) founded Seso in 2019 to make it easier for U.S. farmers to recruit…
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Neurodiverse Candidates Find Niche in Remote Cybersecurity Jobs
Cat Contillo remembers how uncomfortable she felt during an office internship a few years ago because of colleagues’ reactions to…
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HSBC plans hiring spree in bid for Asian wealth
HSBC will hire rapidly in its Asian wealth business in 2022, building on last year’s brisk expansion, and remains open to…
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Rothschild hikes analyst pay a second time to £65,000 as junior talent battle rages on
Independent investment bank Rothschild has raised analyst salaries for the second time, as smaller players look to match their bulge…
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UBS hikes pay for Wall Street analysts to $110,000
UBS has hiked salaries for its junior bankers for the second time in a year, bringing it in line with…
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JPMorgan, Bank of America advance pay to Russia staff as more firms pull out
Wall Street banks are handing employees in Russia salary advances, part of efforts to reassure anxious staff as more firms…
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Accenture mulls handing Russia firm to local staff as parent pulls out
Accenture’s Russian management is rushing to set up a local successor firm after the consulting giant said it would close down its…
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Credit Suisse relocates staff, stops new business in Russia
Credit Suisse is relocating staff out of Russia and not pursuing any new business in the country, as global banks…
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Big pay raises and chance to work from home drive record job-hopping
A record number of Americans are switching from one job to another and in many cases getting big pay raises…
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Citigroup sells Indian retail arm to Axis Bank in $1.6bn deal
Citigroup is selling its Indian retail banking business to Axis Bank for $1.6bn in CEO Jane Fraser’s latest move to…
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Why Wol Kolade is looking at China and Taiwan, not Russia and Ukraine
As the crisis in Ukraine deepens, Wol Kolade, the boss of mid-market private equity firm Livingbridge, fears that the Russian invasion could…
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U.S. jobless claims drop to 54-year low of 166,000
The numbers: New filings for U.S. unemployment benefits fell to a 53-year low of 166,000 in mid-April during a period of…
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FCA drives fresh recruitment to tackle rogue firms
The Financial Conduct Authority is creating 80 new roles as part of a new recruitment drive to crack down on…
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Jamie Dimon says just 50% of JPMorgan’s employees will work in the office full-time
Only around half of JPMorgan’s 270,000 staff will work from the office full-time, as the US banking giant has overhauled…
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FCA taps former TP ICAP, Barclays Capital staffers in latest hiring push
The Financial Conduct Authority has tapped up senior private sector staff as it creates two new directors in its critical authorisations…
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Major London law firms hiring ‘anyone with a pulse’ as soaring salaries aren’t enough to keep junior lawyers
City law firms are struggling to retain junior lawyers in the wake of Covid-19, despite soaring salaries netting newly qualified…
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JPMorgan leads Wall Street banks in blockchain hiring craze
JPMorgan is still Wall Street’s biggest blockchain fan, as the lender continues to outpace its rivals with a global hiring…
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Goldman Sachs bolsters pay for London dealmakers by 34% in 2021
Goldman Sachs has paid its City employees an average of 34% more so far this year, as Wall Street investment…
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