eFinancialCareers

Buoyed by the strong Canadian dollar, banks are on the hunt for acquisitions. Unfortunately for job seekers, they are finding their best deals in the U.S. Royal Bank of Canada, the country's largest bank, reportedly held acquisition talks with embattled Wall Street firm Lehman Brothers Holdings, indicating the continuing interest of Canadian banks in snapping up distressed companies in the U.S. In April, shares of Bank of Nova Scotia tumbled after... Read more

Jessi Walter loved her job as vice president of credit strategy at Bear Stearns. The work was interesting, she enjoyed her colleagues, and she was well compensated. But she also loved cooking with her boyfriend's two young daughters. In June, when Walter, 27, found herself one of the 10,000 people laid off after Bear Stearns was acquired by JPMorganChase, she didn't panic. She started a business. Cupcake Kids!, which provides cooking events... Read more

The move by Goldman Sachs and Morgan Stanley to become regulated bank holding companies effectively unites U.S. finance into a single sector. "This fundamentally alters the landscape," a Goldman Sachs spokesman told The Wall Street Journal. "By becoming a bank holding company and being regulated by the Federal Reserve, we have directly addressed issues that have become of mounting concern to market participants in recent weeks." Along with investment banks, Wall... Read more

While hiring is slow among Chicago's financial firms, a number of sell-side equity analyst positions have opened up recently. "These are replacement searches," says Edward Storm of Comprehensive Recruiting, a Phoenix -based executive search firm that focuses on various sectors of the global financial markets. Top-tier firms are terminating analysts who have had poor performance and are replacing them with established, senior equity analysts, he observes. Some of these candidates are being... Read more

If you're a financial services professional hoping to land a job in a bulge-bracket institution, your prospects just nosedived. And if you've been aiming for a slot in a hedge fund or in one of the many boutique banks that are still hiring, get ready for a flood of new competition. Monday's bankruptcy filing by Lehman Brothers Holdings and the surprise deal for Bank of America to acquire Merrill Lynch will... Read more

Despite plummeting investment banking revenues, Canadian securities companies probably won’t cut jobs deeply, according to the Investment Industry Association of Canada. In its second-quarter report, the association said 175 additional jobs were added in the securities industry during the quarter. The industry gained jobs even while investment banking revenues plunged 33 percent to $1.7 billion for the first six months of 2008, compared with $2.5 billion in the first half... Read more

Goldman Sachs recently opened a hedge fund administration office in Toronto, Ontario's provincial government announced early this month. The number of jobs was not disclosed either in the announcement or media coverage of it. "Goldman Sachs has opened its newest Goldman Sachs Administration Services (GSAS) office in Toronto with Fund Accounting and Investor Servicing areas of its hedge fund administration operations," said the statement from the Ontario Ministry of Economic Development... Read more

Buoyed by the strong Canadian dollar, banks are on the hunt for acquisitions. Unfortunately for job seekers, they are finding their best deals in the U.S. Royal Bank of Canada, the country's largest bank, reportedly held acquisition talks with embattled Wall Street firm Lehman Brothers Holdings, indicating the continuing interest of Canadian banks in snapping up distressed companies in the U.S. In April, shares of Bank of Nova Scotia tumbled after... Read more

Jessi Walter loved her job as vice president of credit strategy at Bear Stearns. The work was interesting, she enjoyed her colleagues, and she was well compensated. But she also loved cooking with her boyfriend's two young daughters. In June, when Walter, 27, found herself one of the 10,000 people laid off after Bear Stearns was acquired by JPMorganChase, she didn't panic. She started a business. Cupcake Kids!, which provides cooking events... Read more

The move by Goldman Sachs and Morgan Stanley to become regulated bank holding companies effectively unites U.S. finance into a single sector. "This fundamentally alters the landscape," a Goldman Sachs spokesman told The Wall Street Journal. "By becoming a bank holding company and being regulated by the Federal Reserve, we have directly addressed issues that have become of mounting concern to market participants in recent weeks." Along with investment banks, Wall... Read more

While hiring is slow among Chicago's financial firms, a number of sell-side equity analyst positions have opened up recently. "These are replacement searches," says Edward Storm of Comprehensive Recruiting, a Phoenix -based executive search firm that focuses on various sectors of the global financial markets. Top-tier firms are terminating analysts who have had poor performance and are replacing them with established, senior equity analysts, he observes. Some of these candidates are being... Read more

If you're a financial services professional hoping to land a job in a bulge-bracket institution, your prospects just nosedived. And if you've been aiming for a slot in a hedge fund or in one of the many boutique banks that are still hiring, get ready for a flood of new competition. Monday's bankruptcy filing by Lehman Brothers Holdings and the surprise deal for Bank of America to acquire Merrill Lynch will... Read more