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- Finance
Jefferies tells staff to get Covid-19 jab before coming back to the office
Jefferies will only allow employees back into its offices if they have been vaccinated against Covid-19, as executives raise concerns…
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Should office returners be paid more? Goldman Sachs looks at the future of hybrid working
Firms could end up hiking pay for employees who have to come into the office every day, according to a Goldman…
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Goldman Sachs hikes junior banker pay to $110,000 as salary battle sweeps Wall Street
Goldman Sachs is raising salaries for junior bankers, following the vast majority of its main rivals as Wall Street’s focus on burnout…
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Fidelity pledges 45% of board roles to be held by women by 2024
Fidelity International pledged to bolster the number of women in senior roles across its business over the next three years…
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New COVID-19 cases in Florida break single-day record
ORLANDO, Fla. (AP) — Florida reported 21,683 new cases of COVID-19, the state’s highest one-day total since the start of…
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‘It feels like we are getting hit by a train’: Florida’s coronavirus cases jumped 50% this week
FORT LAUDERDALE, Fla. (AP) — Florida’s coronavirus cases jumped 50% this week, the state Health Department reported Friday, continuing a…
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Lazard CEO Jacobs set for 12 star dealmaker hires amid record second quarter
Lazard is continuing to hire senior dealmakers amid an M&A boom that has pushed the independent investment bank to a record…
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Morgan Stanley hikes junior banker salaries to $100,000
Morgan Stanley has raised base salaries for entry-level bankers to $100,000, leaving Goldman Sachs as the last remaining Wall Street bank…
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Hire ‘poor, hungry kids’ instead of ‘entitled’ grads to solve banker talent crisis, Xavier Rolet says
Investment banks should hire “poor, hungry” graduates if they want to stave off a crisis among junior bankers, which are rebelling…
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Google delays workers’ return to the office until mid-October, and will require vaccinations
SAN RAMON, Calif. (AP) — Google GOOG, -0.30% is postponing a return to the office for most workers until mid-October…
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FCA looks to force companies to explain board-level diversity
The City watchdog has launched a consultation on changes to its listing rules which would require companies to publish “comply…
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Feds sell one-of-a-kind Wu-Tang Clan album forfeited by ‘Pharma Bro’ Martin Shkreli
A one-of-a-kind Wu-Tang Clan album that had been owned by jailed pharmaceutical executive Martin Shkreli has been sold by the…
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These banks now pay 20-somethings starting salaries of $100,000 or more
The world’s largest investment banks have hiked junior banker pay to six figures over the course of the past month…
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The restructuring hiring rush is on, despite a flat market
An injection of private equity cash into the restructuring market via new spin-offs from Deloitte and KPMG has stoked frantic hiring…
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Slaughter and May boosts first-year lawyer salaries to £100,000
Magic Circle law firm Slaughter and May has bumped salaries for its first year lawyers to £100,000. Salaries for newly…
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Martin Gilbert-backed AssetCo takes stake in thematic ETF firm
The deals company set up by former Standard Life Aberdeen co-chief executive Martin Gilbert has acquired a 63% stake in…
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UBS hikes junior banker salaries as banks battle for talent
UBS has increased salaries for its juniors, weeks after a special bonus for its younger bankers and following a bumper…
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Berenberg’s Janssens on women in banking: ‘Judge an organisation on how it treats its mothers’
When Laura Janssens joined Berenberg in 2011 after 12 years in senior roles at bulge bracket investment banks, she was…
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UBS targets women-only hedge funds with new portfolio launch
The world of hedge funds is one that is well-known to be male dominated. Now, UBS is looking to spot…
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Nomura hikes junior pay to $100,000 as talent war heats up
Nomura bolstered entry-level investment banker salaries to $100,000, mirroring moves by Wall Street banks in recent weeks as the battle…
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Women in City boardrooms jumps 39% since 2016
Women now hold almost a third of positions on financial services firms’ boards, five years on from the start of…
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Trading Places: BlackRock’s 8% pay bump; Barclays hires JPMorgan’s Ward in trading push
As the world of finance still struggles with the fallout from the pandemic, a clear trend has emerged; big players…
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BlackRock boosts pay for juniors and middle managers
The world’s largest money manager is set to give its junior employees up to director level an “off-cycle” pay rise “after a period…
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U.S. unemployment claims drop to new pandemic low of 360,000
The numbers: New applications for unemployment benefits fell last week to a new pandemic low, as companies sought to hire…
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City watchdog to recruit 100 staff to toughen up entry requirements for UK markets
The Financial Conduct Authority is set to toughen up its regulatory requirements for new entrants to UK markets. The watchdog…
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Women set to lag men on City boards for another 15 years
Seventy per cent of companies on the FTSE 350 still have no female executives on their main board, as the coronavirus pandemic looks…
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This is the ‘best place’ to live in America — and it isn’t on the coast
The East and West Coasts can stop duking it out over which is the better place to live — because…
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Boutique Bacchus Capital launches technology unit with van Wyk hire
A boutique advisor set up by the former head of European investment banking at Jefferies is launching a new technology…
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U.S. unemployment claims rise slightly in early July, but layoffs remain near pandemic low
The numbers: New applications for unemployment benefits rose slightly last week, but the number of people losing their jobs remains…
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Citigroup’s 240 London interns set to come into the office this summer
Citigroup has opened its Canary Wharf office to 240 interns arriving at the bank on Monday, following Wall Street rivals…
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JPMorgan and Citi lead the charge in post-lockdown hiring frenzy
JPMorgan and Citi have topped a chart for the banks with the most vacancies in England and Wales amid a…
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Lanistar UK staff plea to be paid: ‘People are genuinely suffering’
Current and former UK staff of Instagram-hyped fintech Lanistar say they are owed thousands of pounds in late or missed…
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Credit Suisse offers pay hikes to stem exits amid Archegos fallout
Credit Suisse is hiking salaries and increasing bonuses for senior dealmakers in a bid to retain talent and stem departures…
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Pandemic hits gender pay gap reporting as 76% miss original deadline
Only a quarter of companies met the initial deadline to report their gender pay gaps this year, as the pandemic forced…
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UBS sheds light on diversity in its UK operation for the first time
Nearly 40% of UBS’s UK graduate population in 2020 are from ethnic minority backgrounds, according to the firm’s first ever diversity report in…
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House sends Juneteenth bill to Biden’s desk
WASHINGTON (AP) — The United States will soon have a new federal holiday commemorating the end of slavery in the…
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Morgan Stanley boss James Gorman hints at widespread office return
Morgan Stanley chief executive James Gorman has said that the bank’s employees will do their work “inside Morgan Stanley offices”,…
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PwC plans $12bn investment for 100,000 new jobs to boost ESG expertise for clients
Big Four accountancy firm PwC has said it will invest $12bn to create 100,000 new jobs globally over the next…
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Linklaters hits back at sexual harassment claims as employment tribunal begins
A barrister representing City law firm Linklaters and one of its former senior staff members has denied accusations at an…
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Deutsche Bank shakes-up junior recruitment to diversify from MBA hires
Deutsche Bank is overhauling the way it hires junior bankers, expanding jobs typically reserved for elite MBAs to professionals with…
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