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Wall Street investment bankers can expect bonuses to shrink 15%-25% this season

Wall Street investment bankers can expect bonuses to shrink 15%-25% this season

Good morning. Looks like this won’t be the year of big Wall Street bonuses.  An industry analysis released on Tuesday by Johnson Associates, Inc., a New York-based compensation consulting firm, finds bankers’ bonuses will decline or be mostly flat. But there are some exceptions, like high-performing wealth management professionals, who are in high demand. A […]

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Banking
Junior analyst’s lawsuit against top bank puts Wall Street hours on trial

Junior analyst’s lawsuit against top bank puts Wall Street hours on trial

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Kate Shiber wondered why there was so much hurry-up-and-wait in investment banking. “I would really appreciate if we could strategise how we/I can be more efficient earlier in the day,” she wrote in an August

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Banking
Vietnam Traveling Wall in Hendersonville, Veterans Day Ceremony

Vietnam Traveling Wall in Hendersonville, Veterans Day Ceremony

Hendersonville’s Ronald Cox, who served in the Vietnam War from 1969-70, pays his respects at the Traveling Vietnam Memorial Wall on Veterans Day at the Veterans Healing Farm in Hendersonville. Dean Hensley/ Times-News People pay their respects at the Traveling Vietnam Memorial Wall on Veterans Day at the Veterans Healing Farm in Hendersonville. Dean Hensley/

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Traveling
Wall Street Sees Glimmer of Hope for Investment-Banking Revival

Wall Street Sees Glimmer of Hope for Investment-Banking Revival

(Bloomberg) — After more than a year in the dealmaking doldrums, Wall Street giants are finally seeing signs of life in their capital-markets businesses. Bank of America Corp., Morgan Stanley, JPMorgan Chase & Co. and Citigroup Inc. all beat analysts’ expectations for equity-underwriting revenue in the second quarter, with all but Citigroup earning more than

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Banking
Wall Street investment bank Jefferies is ramping up its Canadian operation

Wall Street investment bank Jefferies is ramping up its Canadian operation

Wall Street investment bank Jefferies Financial Group Inc. JEF-N hired away most of the senior members of rival Barclays PLC’s Toronto office on Wednesday, dramatically boosting its Canadian operations as part of a global expansion strategy. The five Barclays dealmakers Jefferies recruited are a group that has ranked among the country’s top advisers on takeovers

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Banking
Wall Street bankers hope for dealmaking rebound after boom and bust

Wall Street bankers hope for dealmaking rebound after boom and bust

Wall Street bankers are eagerly anticipating that a rebound in dealmaking activity will raise bonuses and morale after more than a year in the doldrums, but fear that a return to the industry’s 2021 peak remains a long way off. Even for a business such as investment banking marked by feast-to-famine swings, the past four

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Banking
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