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JUNIOR BANKERS
Epstein files reveal ongoing ties with this one wealth managerDespite the allegations surrounding Jeffrey Epstein, Bank of America wealth adviser Paul V. Morris maintained connections with Epstein for ...- Artificial Intelligence: Why it’s a productive, not destructive, force for capital marketsArtificial intelligence is rapidly transforming capital markets by automating trading, research and portfolio management functions once han...
- Mass layoffs at Goldman Sachs? President John Waldron says "digital agents will be our robots, human assembly lines to be more digitized"Goldman Sachs is integrating generative AI 'robots' to automate tasks, aiming to boost productivity and cut costs without mass layoffs. Pre...
- Who is Lorna Hajdini? JPMorgan executive faces shocking abuse claims by married colleagueA lawsuit against a JPMorgan executive has raised serious claims of workplace harassment and abuse. A junior Indian employee has accused a ...
- Sequoia Capital invests in AI tool that could replace junior bankersSequoia Capital is making a bet on the future of Wall Street, leading an investment in Rogo Technologies Inc., a startup developing artific...
- OpenAI looks to replace the drudgery of junior bankers’ workloadOpenAI is enlisting over 100 former investment bankers to train its AI on financial modeling through a secretive project codenamed Mercury....
- JPMorgan CEO Jamie Dimon threatens to fire job-hopping analysts, says 'if you accept a position with another company...'JPMorgan Chase CEO Jamie Dimon is cracking down on junior bankers, threatening termination for those who accept other job offers within 18 ...
- Dream job no more? AI is coming for Wall Street’s entry-level Junior Analyst roles, and experts say it’s just the startAI is starting to take over entry-level jobs on Wall Street, like junior analyst roles. Big banks may hire fewer people as AI handles more ...
- How dream job at bank ended in pancreatic failure for employee: 'Was treated like scum'A viral X post ignited a global conversation about workplace communication styles, particularly contrasting European bluntness with more in...
- Address me just as Governor, drop the Honourable prefix, says Shaktikanta DasRBI Governor Shaktikanta Das has requested a junior to address him without the "honourable" prefix and instead use "Governor." This comes a...
- JPMorgan cuts investment banking jobs in Asia Pacific: ReportJPMorgan Chase & Co. is letting go of about 30 investment bankers in Asia-Pacific this week, with a majority of them based in Greater China...
- A Sachdeva's YouTube video raises Wall Street Gen P's thorny issues about work cultureThe work-till-you-drop culture of global finance has come to the fore in new and surprising ways as Covid-19 has emptied office towers in N...
- Zooming into zen: Citigroup declares 'Zoom-free Fridays' to beat work fatigue during WFHThe CEO also encouraged employees to take their vacations.
- Two years after a Wall Street intern suddenly died, bank rookies are still putting in insane hoursInvestment banks are typically known for grueling 90-100 hour workweeks, filled with fruitless busywork assigned on very tight deadlines.
- Slowdown fails to stop incentives and bonuses for top performers at Indian units of investment banksBonuses have largely been 100-150% of the base compensation amid lower revenue, although some good performers have seen this go to 200%.
- Junior investment bankers may get hefty bonus, but seniors face a cutHead hunters said junior bankers from analysts to VPs will be rewarded better, mostly through payments deferred over the year or in stock, ...
- Refuse verbal loan orders and curb NPAs: Indian Bank's Association"During some vigilance complaints it was reported that loans were initially sanctioned on verbal orders," a senior government official said.
- Wall Street considers pay freeze on junior bankersWall Street's biggest firms, facing a slump in investment-banking revenue, are considering freezing compensation levels for some junior ban...
- Falling dollar may spoil investment bankers’ partyInvestment bankers in Europe may lose a chunk of this year’s record bonuses because the dollar’s drop against European currencies will erod...
- Europe may take a hitInvestment bankers in Europe may lose a chunk of this year’s record bonuses because the dollar’s drop against European currencies will erod...
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