eFinancialCareers

Forget the financial crisis, forget unprecedented infusions of government cash into the banking system: JPMorgan’s investment banking business appears to be thriving. The US bank, which just reported its third-quarter results, achieved a 37% increase in investment banking revenues between Q307 and Q308 and nearly tripled investment banking profits. Rising profits were admittedly attributable to deferred tax liabilities, but the revenue increase was entirely down to soaring revenues in equity underwriting, credit trading, emerging markets, commodities, and rates and currencies. It was a little unfortunate, therefore, that the investment bank was also hit by another $3.6bn of markdowns and that Q3 net income across the bank as a whole fell by 84% (Bloomberg).

Dimon: “We suck less.” (The Times)

Bank stock rally left JPMorgan behind. (DealBook)

Credit shows signs of easing on bank rescue. (Wall Street Journal)

“In 1825 the authorities belatedly succeeded in quelling the panic in that incident by borrowing money from France and distributing a stash of old banknotes found in the vaults of the Old Lady.” (FT)

Meet the UK’s bailout bankers. (Wall Street Journal)

Savills moves into distressed real estate. (Financial News)

It is much better to be a banker in the US than in the UK. (FT Alphaville)

New York to lose fewer jobs than London. (Bloomberg)

Are UK’s bailout conditions too onerous? (FT Alphaville )

Caps on Wall Street pay will be a ‘modest hindrance’. (Wall Street Journal)

The evolution of Hank Paulson. (Wall Street Journal)

“…the resumes/CVs that have passed my desk in the last 3 months are very impressive indeed. Question is how to get rid of my existing staff...” (Fintag)

Where have all the Lehman bankers gone? (The Deal)

The compleat Nouriel Roubini. (Clusterstock)

Nouriel Roubini Halloween face mask. (Clusterstock)

No blogging, commenting on articles, no contributing to wikipedia, no talking to outsiders at Goldman Sachs. (Dealbreaker)