UPS Financial News
24.01 / 15:48
UPS
Art
Instagram
Inside
Department
International
Bank of America's cuts: "Compensation expectations have been butchered"
If you're looking for a way to moderate bonus expectations ahead of a tight bonus round, it helps to make people focus on something else. Like actually having a job.
24.01 / 15:48
markets
COST
UPS
Citi
International
New banking job in 2024? Hope that someone else leaves
If you couldn't find a new banking job in 2023, then good luck finding a new banking job in 2024. For all the hope that this year would improve the fortunes of financial services jobseekers, and by extension financial services recruiters, 2024 is not starting on a high note.
24.01 / 15:48
UPS
Reuters
CEO
Pool
performer
reports
Surprise as Bank of America cuts jobs three days before bonuses
Bank of America is cutting jobs.Headhunters told us yesterday that cuts were coming at the bank, and both Financial News and Reuters are reporting today that people have gone. The cuts are being made on the cusp ofbonus announcements, which are due this Friday.
24.01 / 15:47
markets
UPS
Citi
FIVE
students
reports
Goldman Sachs employees are in the office way more than Bank of America's
You can take Grade A students, the kind who never miss classes and take extra credit classes, and grind them into bankers. You can’t guarantee, however, that they’ll never break the rules.
24.01 / 15:47
markets
UPS
WhatsApp
Trade
love
2020
Morning Coffee: Trader laments his missing mojo in tragic investor letter. Barclays lost M&A bankers are finding some love
Global macro investing is a tough business. Your position sizes are big, and they’re often leveraged. And “relative value” trades have the nasty property that sometimes the “cheap” side gets cheaper while the “expensive” side gets more so, leaving you with a “hedge” position that’s losing money at double the speed.
24.01 / 15:47
24.01 / 15:47
markets
UPS
security
Inside
reports
The Credit Suisse traders busy until 2026
When UBStried, and failed, to sell Credit Suisse's $250m distressed debt business last year, it knew what to do. After dispensing with most of the traders in the unit, Bloomberg reports that UBS simply shunted the loans into the non-core unit charged with disposing of unwanted elements of the Credit Suisse carcass. There, the 30 or so positions will be unwound individually.
24.01 / 15:47
markets
UPS
Citi
Provident
JPMorgan
reports
NOT
As Bank of America cuts in Hong Kong, it's not the only one exposed
Bank of America has been cutting senior bankers in Hong Kong. Bloomberg reported yesterday that the bank has let go of a number of senior dealmakers in the city, including its head of Southeast Asian ECM, Sunil Khaitan, who joined from Deutsche Bank in 2018.
24.01 / 15:47
UPS
Mobile
WhatsApp
love
recommendations
International
"Internal mobility at my bank is just an excuse for favoritism"
I have spent eight years working for a major British bank and now I have lost my job. I feel that I've been treated unfairly and that the internal mobility scheme was a kind of scam.
24.01 / 15:47
24.01 / 15:21
UPS
community
Justice
reports
Courts
Supreme Court to get new judge as Centre approves elevation of Karnataka HC Chief Justice Prasanna Varale
Supreme Court of India," Arjun Ram Meghwal, Union Minister of State for Law & Justice said in a post on X. Justice Prasanna Bhalachandra Varale earlier served as the judge of the Bombay High Court for 14 years before his transfer to the Karnataka High Court as Chief Justice in October 2022.
24.01 / 15:21
UPS
Action
security
Research
Inside
International
Don't visit Ram Mandir now: Why PM Modi is urging Union ministers to defer their Ayodhya visits?
Ram Temple in Ayodhya to offer prayers to Ram Lalla, Prime Minister Narendra Modi has urged Union Ministers to delay their visits to the temple to avoid VIP and VVIP-related inconvenience to the devotees. While heading a meeting of the Union Cabinet on Wednesday, PM Modi expressed concern over the heavy rush of devotees and the inconvenience caused to the public by VVIP and VIP visits to the temple town along with elaborate security details, government sources told ANI.
24.01 / 15:07
24.01 / 14:53
UPS
Waters
Action
ICE
Adventure
information
3 men, 4 hours, 1 big catch: The incredible story of snagging a 109-pound halibut
Fishers have been known to spin a yarn or two, but three Quebec men out on a scientific ice fishing expedition in the Saguenay over the weekend made sure to document their adventures.
24.01 / 14:01
markets
COST
UPS
IPO
Target
love
Sky News
Klarna to debut $7.99 monthly plan as buy now, pay later firm seeks new revenue sources ahead of IPO
Swedish fintech firm Klarna is launching a monthly subscription plan in the U.S. to lock in its heaviest users ahead of an expected initial public offering this year, the company told CNBC.
24.01 / 13:55
UPS
security
country
testing
travelers
shock
England's off-spinner Shoaib Bashir gets visa to travel to India for Test series
Shoaib Bashir has now received his visa, and is due to travel to join up with the team in India this weekend. We're glad the situation has now been resolved in a post on X. Earlier, The delay in issuance of an Indian visa to rookie England off-spinner Shoaib Bashir snowballed into a major controversy on the eve of a much-hyped Test series between the two countries with visiting skipper Ben Stokes calling the turn of events "frustrating" and a British government spokesperson demanding "fair" treatment for the youngster.
24.01 / 13:55
Blockchain
UPS
Citi
community
stage
innovations
gatherings
Hong Kong Web3 Festival 2024: Asia’s Top Crypto Event to Unlock the Future of Web3
Following the unrivaled success of its record-breaking 2023 event, Hong Kong Web3 Festival is returning for its second edition on the 6-9 of April 2024 in the vibrant and dynamic hub of technology and innovations. Held at Hong Kong Convention and Exhibition Center (HKCEC), one of the world’s largest and most iconic venues in the heart of Hong Kong, the second edition of the event promises to set the stage for ground-breaking discussions and insights that are expected to shape the narrative around Web3 and blockchain.
24.01 / 13:55
Blockchain
UPS
Digital
Pool
Trade
Universities
innovations
The Technical Mastery that is CAGA Crypto: A Deep Dive into the Newest Web3’s Marvel
Attention, tech aficionados and crypto wizards! Prepare to be dazzled as we delve into the nitty-gritty of CAGA Crypto’s latest whitepaper. This isn’t just another blockchain project; it’s a groundbreaking leap into the future of Web3, engineered with precision, innovation, and a touch of genius.
24.01 / 13:55
COST
UPS
FIVE
security
Election
country
reports
Dalmia Bharat Q3 net profit up 22% as commodity prices ease
Dalmia Bharat Ltd on Wednesday reported a 22% year-on-year rise in its consolidated net profit for the fiscal third quarter (Q3) to ₹266 crore. This growth was attributed to easing commodity prices along with subdued fuel cost. Net profit was in line with estimates of analysts polled by Bloomberg Consolidated revenue of ₹3,600 crore was up 7.3% on year, led by an 8.1% increase in sales volumes.
24.01 / 13:55
24.01 / 13:55
UPS
Platform
security
Research
Trade
recommendations
Features
Kotak Securities launches Trade Free Pro plan for equity traders with ‘Pay Later’ at 9.75%; check features here
Kotak Securities introduced the Trade Free Pro plan designed for traders using its Kotak NEO and Kotak Stock Trader platforms. This comprehensive subscription plan includes the Pay Later feature, also known as Margin Trading Facility (MTF), with an annual interest rate of 9.75%.
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