The Wall Street Job Reporttag:typepad.com,2003:weblog-18687092011-01-13T16:29:54-05:00The financial services industry is currently undergoing a series of transformative events which will create dramatic and long-lasting changes.
It appears that we are entering into a new era.
Our goal at The Wall Street Job Report is to provide articles regarding companies hiring and firing, important company events, regulatory matters that will impact companies, earnings, mergers, acquisitions and more.TypePadUBS Warns of Costs of Battle for Talent in Asiatag:typepad.com,2003:post-6a00e553d6cb2b88330147e18c7732970b2011-01-13T16:29:54-05:002011-01-13T16:29:54-05:00Alison Tudor, Wall Street Journal, January 13, 2011 HONG KONG—The battle for financial-services talent in Asia is causing costs to spiral and will lead to a shakeout in the industry, UBS AG's joint chiefs for the region warned in an interview. Banks such as Barclays PLC, Deutsche Bank AG and...Jack KellyMoelis Hires Garcia for Financial Institution Clientstag:typepad.com,2003:post-6a00e553d6cb2b88330147e18c7296970b2011-01-13T16:27:01-05:002011-01-13T16:27:01-05:00Gavin Finch and Brett Foley, Bloomberg News, January 11, 2011 Moelis & Co., the investment bank founded by Kenneth Moelis, hired Guillermo Garcia as a managing director to work with its clients in Europe, the Middle East and Africa’s financial-services industry. Garcia joined from Richmond Park Partners LLP where he...Jack KellyJP Morgan downgrades Goldman Sachs on Volcker ruletag:typepad.com,2003:post-6a00e553d6cb2b88330148c795dbfe970c2011-01-13T16:25:19-05:002011-01-13T16:25:19-05:00Matt Turner, Financial News, January 13, 2011 JP Morgan analysts have downgraded Goldman Sachs to a neutral rating, arguing that its US rival will be more impacted by the Volcker rule than any other bank with more than half of its expected investment banking revenues set to be affected by...Jack KellyBarclays Capital Said to Eliminate About 200 Jobs in U.K. Following Reviewtag:typepad.com,2003:post-6a00e553d6cb2b88330147e18c6a81970b2011-01-13T16:22:56-05:002011-01-13T16:22:56-05:00Gavin Finch and Ambereen Choudhury, Bloomberg News, January 12, 2011 Barclays Capital, the securities unit of Barclays Plc, has cut about 200 jobs following an internal review, a person familiar with the matter said. The cuts hit investment bankers and support staff in the U.K., said the person, who declined...Jack KellyTrader Pay Tops Brain Surgeons' and Shows Gap Weathers Crisistag:typepad.com,2003:post-6a00e553d6cb2b88330148c795d47e970c2011-01-13T16:21:08-05:002011-01-13T16:21:08-05:00Danielle Kucera and Christine Harper, Bloomberg News, January 13, 2011 Wall Street traders discouraged by declining bonuses this month can take solace: They still earn much more than brain surgeons and top U.S. generals. An oil trader with 10 years in the business is likely to earn at least $1...Jack Kelly