UPS Financial News

Bonus day is always a period of high emotions, and sometimes these come out as undignified behaviour.  Bad language, slammed doors and even smashed phones are all pretty common responses to a number that’s much lower than wanted.  But it’s unusual to see anything like the scenes at Aramco’s oil trading operations in Houston, where apparently some traders walked out and went on strike.

Both Citi and Barclays may have been seen recently trimming headcount across their investment banks, but Barclays is also hiring. Its new recruits include a Morten Eikebu, who is fresh from a 15 and a half year stint at Citi in London.

If you thought men being paid more than women in banking is becoming a thing of the past, then today's revelation that the gender pay gap at Goldman Sachs hasin fact expanded to its widest level in six years, will come as a terrible surprise.

Given that the average household income in the UK is £35k ($44k), sympathy for the families of financial services professionals struggling by on £200k is going to be thin on the ground. But according to the wife of one financial services professional writing in the London Times, the struggle is real. 

I worked with Gary Stevenson, the ex-Citigroup trader, YouTube anti-inequality campaigner and author who now claims he was the best trader in the world and who spends his time campaigning for a wealth tax. Like many of Gary's other former colleagues, I don't recognise the world he portrays in his book 

Achintya Mangla didn't stay long in New York. After moving from London to JPM's New York headquarters to become global head of equitycapital markets in September 2022, the bank today waved him on his way.

If you're an investment banker who's been waiting for deals and hiring to revive so that you can find a new job, your time may soon come. Figures from Dealogic indicate that the first quarter of 2024 wasn't bad, but the recovery is geographically patchy and sector specific.

It's often a feature of financial services careers that you encounter the same people at different employers. Matt Dratch, a macro portfolio manager at hedge fund ExodusPoint worked with Richard Rolnick twice: once when «Rollie» hired him from Morgan Stanley to work as an analyst at hedge fund Diamondback Capital in 2008, and once again when Dratch hired Rolnick to ExodusPoint in February 2023.

It's been a rough few months for Edward Ruff, a 40-year-old managing director at Citigroup in New York. 

There are a number of reasons why London bankers never got particularly excited about the post Brexit decision to remove the European regulation which capped bonuses at two times basic salary.  One of them is that it happened in 2023, a year in which bonuses of zero times basic salary were significantly more common.  And another is that some major employers like Barclays are keeping the cap anyway.

Narendra Modi has given us the «vision of a developed India in the Amrit Kaal», Uttar Pradesh Chief Minister Yogi Adityanath on Saturday said. «A new debate has started in the country. Every vote of the public can prove to be helpful in changing the destiny and picture of the country. The foundation of this is the continuous change that has occurred in the country since 2014,» Adityanath said. «We should vote not based on caste, religion, appeasement or any other agenda, but for the vision of a developed India and a bright future for the next generation,» he added addressing a public meeting here for BJP candidates Raghav Lakhanpal (Saharanpur) and Pradeep Chaudhary (Kairana). The chief minister highlighted the nationwide chorus echoing the slogan 'Fir Ek Baar, Modi Sarkar' for the Lok Sabha elections.

How fast you can run a mile and the number of push-ups you can crank out aren’t just good for fitness bragging rights. They’re indicators of how well you’re aging. You could be 48 but bike, ski or lift weights like you’re 38 or 58.

RR vs RCB IPL 2024: Rajasthan Royals and Royal Challengers Bengaluru are all set to go against each other at the Sawai Mansingh Stadium, Jaipur on Saturday. Sanju Samson-led Rajasthan are playing wonderfully in IPL 2024 as they clinched three crucial victories and are standing strong in second position at the IPL 2024 points table. Faf du Plessis-led Royal Challengers Bengaluru is still looking for their second victory in the current season as their batter struggles to find form, especially against pacers.

It has extended these special fixed deposit deadlines to June 30, 2024 from March 31, 2024. Utsav FD 300 days

DMK MLA from the Vikravandi constituency in the Villupuram district, passed away at the Government Villupuram Medical College and Hospital (GVMCH) in Mundiyambakkam after a brief illness. As per the available information, Mr. Pugazhenthi was hospitalized at the GVMCH a few days ago due to a health condition that he had complained of. On Friday, April 5, he was released from custody and went to the public gathering at Vikravandi where Chief Minister M.K. Stalin spoke. But on Friday night, his health deteriorated, and he was admitted to the hospital's Intensive Care Unit (ICU) for treatment. There, on Saturday morning, at 10.35 a.m., he passed away.

Ask more questions is advice that’s par for the course for a journalist, but best-selling author Charles Duhigg also believes it’s the single most important factor in communicating successfully. In his new book Supercommunicators: How To Unlock The Secret Language Of Connection, Duhigg writes that some people seem to “click" with others effortlessly, while most struggle to carry a conversation though we are connected and talking all the time—email, WhatsApp groups, Instagram, X, Slack channels, phone and video calls, meetings—in person and via screens.

₹1.10 lakh onwards (introductory, ex-showroom, Bengaluru), the bookings for the eagerly anticipated Rizta commence at an attractive ₹999, with deliveries slated to begin in July. Building upon the insights gained from the 450 Series, the Ather Rizta introduces a new platform and a more universally appealing design to attract a broader customer base. Its styling adopts a more conservative approach, characterized by softer lines, rounded panels, and modern features such as a mono-LED headlamp and a sleek LED taillight.

As the Magnificent Seven are downgraded to the Fab Four, perhaps the list of leading tech stocks should include an old-school name: Exxon Mobil. The oil company’s shares would come in fourth in the septet this year with a rise of 21%, after Nvidia and Meta and very close to Amazon. Behind Exxon’s surge to a new high on Friday is an important shift in the market, a new narrative that investors would be wise to pay close attention to—in case it changes again.

OpenAI is aiming to use its popular chatbot ChatGPT—it said 600,000 individuals pay for business versions of it—as a way to gain an entry into businesses and sell them its enterprise artificial-intelligence services. Those individuals are paying for ChatGPT Enterprise or ChatGPT Team, which make up what OpenAI calls its “business products," according to OpenAI Chief Operating Officer Brad Lightcap.

Tomorrow's IPL Match: Lucknow Super Giants (LSG) and Gujarat Titans (GT) will clash on April 7 at the Bharat Ratna Shri Atal Bihari Vajpayee Ekana Cricket Stadium, also known as Ekana Cricket Stadium, in Lucknow. This will be the second match of the day, which will start at 7:30 PM. Lucknow have played 3 matches so far and won 2 of those.