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Staffing

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UBS Preparing To Cut Over Half Of Credit Suisse Workforce

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Staffers have been told to expect three rounds of cuts this year.

Wall Street's Intern Pay Is Surging With Citadel At $120 An Hour

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Wages have increased for summer jobs in finance as the industry tries to get talent in the door.

Goldman Sachs Is Cutting About 125 Managing Directors Globally

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The moves are part of a deep cost-savings drive at the bank.

BlackRock Announces Job Cuts Affecting Less Than 1% Of Staff

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The firm said in January that it would dismiss 500 employees, or roughly 2.5% of its global workforce.

UBS CEO Suggests 'Massive Downsizing' Might Come To Credit Suisse's Investment Bank

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CEO Sergio Ermotti has declined to comment on figures for potential job cuts.

Working From Home Becomes A Once-A-Week Perk For Some Office Goers

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Companies are testing what has emerged as the post-pandemic norm of two to three days in the office.

Remote Work Pay Cuts Send The Wrong Message

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Studies have shown remote workers to be more productive and satisfied, according to Sarah Green Carmichael.

UBS Culls Credit Suisse's Top Leaders After Historic Deal Closes

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Only a fifth of the 160 leadership positions in the combined bank are coming from Credit Suisse.

Goldman Says More Job Cuts Coming In 'Tougher Environment'

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The bank's trading business is trending down more than 25% this quarter compared with a year ago.

Wall Street Braces For Big Changes Over The Next Five Years

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AI is going to descend upon the financial services sector "and never leave," according to one analyst.

LPL Hires Advisor AI Specialist Away From Merrill Lynch

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In his previous roles, Vivek Pappu launched a suite of AI-infused advisor tools.

JPMorgan Tells 1,000 First Republic Employees They'll Lose Their Jobs

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The bank offered full-time or transitional roles to almost 85% of the nearly 7,000 employees still working at First Republic.

Goldman Shows Small Gain In Black Executives Amid Diversity Push

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Black employees made up about 3.7% of senior officials and managers at the bank in November.

Morgan Stanley CEO Gorman To Step Down Within 12 Months

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CEO James Gorman said in January that there are three finalists to take over as CEO when he leaves.

Even A 'Mild' Recession Comes With Steep Price In Lost Jobs

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Wall Street projects that a drop in payrolls could reach 3.4 million.

NYC Skyscrapers Sit Vacant, Exposing Risk City Never Predicted

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Office vacancies hit a record 22.7% this year as many workers continued to do their work from home.

Goldman Banker Wins Promotion, Then Leaves For Rival Two Weeks Later

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Troy Broderick's move is another sign that boutique firms are still on the hunt for top dealmakers.

Remote Work Comes With Daytime Drug And Drinking Habits

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Cocaine, benzodiazepines and other drugs are no longer after-hours activities.

Certuity Expands Services For Wealthy Clients With First Republic's Lee

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Daniel Lee has been appointed to fill a new role as partner and chief revenue officer.

Finance Professionals See Biggest Pay Rise In 10 Years, Survey Finds

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The average base salaries for treasury and finance professionals climbed to a decade high last year.

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