Not sure if this is funny - or just frightening!
Here's a little cool something.
As it's Friday we thought we'd have a bit of fun today. We found this great old clip on YouTube. Any resemblance to the recruitment practises of a famous Wall Street securities firm, renowned for multiple interviews and no job offer at the end, is purely coincidental.
Here's a JPMorgan promotional video. Fact or fiction ? Glamour or bullsh.t ?
Our American friends may well have seen this screened during the Super Bowl. For everyone else, here's a great ad that will amuse everyone who works in the financial markets.
Don't try this in the morning!
UBS is said to be the latest firm to be busy chopping IT heads. Our sources have revealed that over 100 IT staff will be made redundant over at UBS in London early next week. Investment banks have put off a number of large IT projects in order to save on costs, and are squeezing IT support as headcount generally shrinks. Citi CEO Vikram Pandit told analysts last month that he is looking to reduce his firm's cost base by up to 20%, and that IT costs are very much in the line of fire.
Remember Andrew Tong ? He was the former SAC Capital trader who claimed that his boss urged him to get more in touch with his feminine side as, allegedly, he thought that Tong would be able to make more money for the firm by being less aggressive.
Here's an interesting view sent in by one of our readers:
Here's a selection of the comments we received on 'The Confessions Of A Cowboy Recruiter' item we ran last week.
The Court of Appeal ruling on a dispute between 104 London-based bankers and Dresdner Kleinwort (now part of Commerzbank) over a guaranteed minimum bonus pool of $521m has been handed down, says GQ Employment Law, the specialist employment law firm.
Commerzbank must pay $65m to 104 bankers at its now-defunct Dresdner unit after a U.K. appeals court refused to overturn a judge’s decision that the German lender must honor its promises on bonuses.
100 straight quarters of profits!