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People News: Barclays, JPMorgan, Deutsche Bank

Italy Flag

Scott Wede, Barclays’ New York-based global securitized-products trading head, is retiring more than a decade after joining the British bank as foreign lenders used a wave of hiring to become competitors in the U.S. bond business.



Public Library

Trading rooms are depressingly quiet

Quiet trading floors are set to depress global investment banks’ second-quarter revenue 24%, with the underwriting and equities businesses facing the biggest drops, according to analysts at JPMorgan Chase & Co.

2016 Calendar

2016 front office bonus blues

Bonus pools could decline by as much as 20% for some Wall Street workers this year, with incentive pay falling at almost every type of financial-services firm, according to compensation consultant Johnson Associates Inc.