Eurozone fear hammers FTSE May 23, 2012 BRITAIN’S top shares fell sharply yesterday, wiping out their gains from the start of the week on mounting fears Greece will leave the Eurozone. The FTSE 100 slid 2.5 per cent to 5,266.41, its biggest one-day percentage drop since 21 November and its lowest close since 25 November, when markets were similarly beset with worries [...]
Stocks boosted in late day rally May 23, 2012 US stocks staged a late-day reversal yesterday, rallying into the close in another volatile session as a sharp rise in materials shares boosted the S&P 500 and gains in Apple helped lift the Nasdaq. The action shortly before the market’s close was a mirror image of Tuesday when stocks gave up gains in the last [...]
Advisers will have to be more trustworthy May 23, 2012 You won’t be misinformed because of commissions after 2013 THE financial regulator, the Financial Services Authority (FSA), is shaking up the way financial advice is being provided in the UK. New rules – the Retail Distribution Review, or RDR for short – come into force on 1 January 2013. The new rules incorporate three new [...]
Eagle-eyed firms are set to fly high in 2013 May 23, 2012 REGULATION is as dull for consumers as it is frustrating for businesses. This is why the average man or woman on the street hasn’t heard of the retail distribution review (RDR), which revolutionises the regulation of financial advisers. However, it does matter. For better or worse, it will change the way that financial advice is [...]
Banks are prioritising tech talent to drive innovation May 23, 2012 THE GLOBAL financial services market has seen continued instability, particularly across the Eurozone, creating an extremely challenging operating environment. This has had an understandable knock-on effect on the hiring market. IT hiring on the whole, however, has held up, largely because of new emerging technologies within banks. The current omnipresence of technology in finance, from [...]
JOBS of the WEEK May 23, 2012 SENIOR QUANTITATIVE STRATEGIST NEW YORK $200k-$250k pa, plus bonus & benefits A rapidly growing hedge fund is looking to build its infrastructure and technology team. Candidates must have excellent C/C++ development skills and PhDs are preferable. http://www.cityamcareers.com/job/9754 TEST ANALYST LONDON £60k-£90k pa, plus bonus & benefits A prestigious Tier 1 bank is seeking an agile [...]
An MBA versus an MSc is not a straight battle May 23, 2012 ONE OF the rising movements in professional education is the growth of business masters courses (MSc), whether in general management or in a host of specialisms – from real estate investment to shipping. Over the last few years, many schools have expanded their range of masters courses and have made a real push to recruit [...]
Choosing your MBA: Location is a critical part of the decision May 23, 2012 WHY SHOULD the location of a business school be a factor in choosing one MBA programme over another? It’s not immediately obvious. Many potential students will select by the educational value of a course, and how specific features of that MBA programme might impact on career progression. Many others will go by a school’s position [...]
Miners push up FTSE 100 May 22, 2012 Britain’s leading share index jumped yesterday, driven by gains in mining stocks as the demand picture for metals was brightened by hopes of fresh moves by China to boost its economy. At the close, the FTSE 100 index was up 98.80 points – or 1.9 per cent – at 5,403.28 points, adding strongly to Monday’s 0.7 per cent [...]
Wall Street flat after volatility May 22, 2012 AMERICAN stocks closed mostly flat yesterday after volatilility late in the session, with weakness in materials and energy shares offsetting strength in financials. Shares traded higher for much of the session following unexpectedly strong figures on existing home sales, which lifted banks. But those gains dissipated in the last half hour of trading. Facebook shares [...]