John Purcell News
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Three of the U.K.’s highest-grossing law firms raised salaries for London lawyers, who can earn as much as 65,000 pounds ($99,000) in their first year after qualifying to practice.
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JPMorgan Chase & Co. was the top payer among investment banks last year, awarding its senior employees a fifth more than Goldman Sachs Group Inc., according to a report that also highlights a growing divide between firms based in the U.S. and Europe.
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U.S. hedge funds Pine River Capital Management LP, Millennium Management LLC and SAC Capital Advisors LLC are taking advantage of the struggle of European startup funds to grab their pick of the region’s traders.
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Leeco Steel LLC’s fortunes rose even during the Great Recession thanks to a single customer: the burgeoning U.S. wind-energy industry.
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Bankers in London, the hub for securities firms in Europe, are bracing for lower bonuses compared with New York counterparts as earnings from the region plummet and pressure to tighten compensation mounts.
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John Brady, co-head of MF Global Inc.’s Chicago office, was having a vodka cocktail at the Ritz- Carlton in Naples, Florida, overlooking the Gulf of Mexico, on the day his company reported its largest-ever quarterly loss.
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Fund managers are facing a push by European Parliament lawmakers to limit their bonuses, hours after Britain failed to water down planned EU banker-pay rules that are set to take effect from 2015.
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BTIG LLC, the broker-dealer that’s grown from five employees to more than 400 since 2002, hired Dan Castro , the former top-ranked head of asset-backed research at Merrill Lynch & Co. to be a strategist as the New York-based firm expands its fixed-income business.
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Bond-trading boutiques are being squeezed out of the market as Wall Street’s biggest banks recover from the financial crisis that caused almost $2 trillion in losses worldwide.
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UBS AG’s plan to pay part of top employees’ bonuses in bonds that can be wiped out will give traders and bankers an unfamiliar incentive: limit risk.
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