eFinancialCareers

Credit Suisse’s third quarter results presentation today contained some interesting information for anyone aspiring to work for the bank.

In a slide on page 17 (reproduced below), CS outlined the areas in which it plans to increase its market presence, and in which it says it’s hiring. According to CEO Brady Dougan, these amount to anything in the area shaded green. In particular, the bank would like to be a top five player in both commodities and FX.

Source: Credit Suisse (Click to enlarge)

“Even if markets become more difficult, we believe that Credit Suisse is still positioned to perform well.”(Financial Times)

"Contemplation of big bonuses in these conditions is nothing short of a market failure. We are willing to take action if necessary.” (Guardian)

Why we are worth our bonuses. (The Times)

Alistair Darling: Goldman Sachs has "manifestly" failed to appreciate how the City landscape has changed. (Guardian)

Goldman should be allowed to fail. (Financial Times)

“The City of London is sandwiched between Mervyn King at the Bank of England, who wants to break up the likes of Barclays and Royal Bank, and Adair Turner, who believes its activities should be fettered and constrained to an extent it hasn't experienced for almost 30 years.” (BBC)

Deutsche has so far accrued compensation costs at only 30% of investment banking revenues, compared to JPMorgan’s 37%. (Financial Times)

Recruitment of senior private bankers has “become fierce.” (Wealth Bulletin)

Who’s been hiring in London. (City Am)

Can you really use business school to re-brand yourself and break into finance? (Mergers and Inquisitions)