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job
Latest Headlines
Latest Headlines
Citigroup slashes 4,500 jobs, $400 million
The holiday season in the banking industry has been marred by a lack of good cheer brought on by lots of job anxiety.
Bank executives are in a mood to cut expenses, and the axe fell at Citigroup this week. The bank announced it would slash 4,500 jobs over the next few quarter, about 1.7 percen
The state of IT recruitment
Given the massive layoffs that have swept the financial services industry, you might be tempted to think that IT hiring would be a non-issue, but that would be a bit too simplistic, notes Bank
Wall Street back in hiring mode
And just like that, hiring at top Wall Street banks has picked up. You can't really say the floodgates have reopened. But business in a lot of areas--trading and energy, among others--has really picked up. Reuters says that a lot of TARP banks are now "trying to catch up with hiring earlier th
From hedge fund head to delivering pizza
Ken Karpman was never a big name in the industry. But he did make $750,000 one year as an institutional sales trading type, which emboldened him to start his own hedge fund, which didn't last long. But by the time it went kaput, he had the luxury home in Florida and a high-end lifestyle. Now the h
Administration launches mortgage plan
The next wave of home owner relief comes in the form of mortgage modification. The Obama Administration kicked off a plan that it hopes will help up to 9 million Americans. The program has two parts: First, to work with lenders to modify the loan terms for up to 4 million homeowner, and second, to
How to get started on Wall Street these days
You've got to feel for all the recently minted--or about to be--MBAs out there who hoped to get started on Wall Street. The chances of landing that plumb job, while not zero, are a lot lower than they've been in years. You're really going to have to stand out to nail down that Goldman Sachs offer.
A scapegoat at the SEC?
The New York Post has run a few pieces on Meaghan Cheung, who was the branch chief of the New York office's enforcement division. In January 2006, the New York branch of the SEC opened an enforcement case on Madoff based on Markopolos' claims. The SEC--laughably in hindsight--found no evidence
Madoff trustee seeks unusual powers
The New York Times reports that the trustee charged with making sense of the Bernard Madoff scam has asked a court for unusual subpoena powers. There's a sense of urgency attached to the request; allegedly Madoff was making plans to accept large amounts of money very near the time he was confe
How to transition your career with grace
Chances are you know a lot of hurting people right now. The industry is in one the worst down cycles of the past 20 years, and it's going to get worse before it gets better. Most of you do not have time to sulk, but hopefully you've been wise with your money and given yourself some time. Let's fac
More stock to Wall Street employees?
The troops are no doubt restive at top Wall Street firms. It's tough to get any work done when the job axe is swinging. The Financial Times reports that Lehman Brothers has given shares to all remaining employees, representing about 20 percent of their projected equity compensation for the
