Lunchtime Links: RBS is hiring lots of equities analysts
No sooner had RBS promoted Chris Sloan as global head of cash equities, and no sooner had Sloan declared his intention of, building 'an equity broking capability on the institutional investor side in... Australia, Asia and European product,' than it appears that RBS is ramping up in equity research.
According to Financial News, RBS has hired 15 equity researchers since September and wants to hire another 15 equity analysts this year; it will be apparently be announcing "a handful" of hires over the coming weeks.
If working at RBS as an equity analyst doesn't appeal, Morgan Stanley, Nomura and Evolution are also said to be keen on analyst hires. And, as we reported in March, Macquarie, Jefferies, Unicredito, Collins Stewart, and Investec are also recruiting.
RBS has risen more than 90 per cent this year, Lloyds is up 34 per cent and Barclays 32 per
cent. (Financial Times)
RBS executives will have to work harder for their pay. (Financial Times)
Method Investments & Advisory and Conduit Capital Markets, two brokers set up by RBS bankers, have hired a combined 15 bankers this year. (Financial News)
Nomura now plans to recruit 60 US investment bankers by the end of the year. (Financial News)
The Goldman email release. (WSJ)
Goldman Sachs: Market maker, or "Self-interested promoters of risky and complicated financial schemes that were a major part of the 2008 crisis"? (Washington Post)
Richard Gnodde and Michael Sherwood have been locked on conference calls with clients. (Guardian)
Abacus - not your bogstandard CDO. (Interfluidity)
Who cares whether IKB was sophisticated? (Felix Salmon)
Not another big scandal for Goldman? (Telegraph)
"We have neither the time nor the inclination to explain ourselves to a commoner who rises and sleeps under the blanket of the very credit we provide, and then questions the manner in which we provide it!" (Wall Street Journal)
Vince Cable says bankers will be shamed into voting Lib Dem. (Financial Times)
Tetsuya Ishikawa tried to be a "freelance writer" (The Times)
