Monday's Headlines: Are Smaller Banks the Best Place to Look for Jobs?

Banks like Citi and BofA are reporting trading slowdowns and lower investment banking earnings, but small institutions with less baggage are seeing profit multiply with the help of acquired large-bank assets. [WSJ]

Credit Agricole has joined the list of European banking companies looking to make investment banking inroads on Wall Street, hiring specialists from U.S. firms. [American Banker]

Even as they cast off prop traders, big banks are welcoming high-frequency traders. [Fiercefinance]

Piper Jaffray has announced that it will transfer its private capital business to an independent fund manager as of December 1. [American Banker]

Demand for B-school graduates is on the rise globally despite a sluggish recovery, according to a new study. [NY Times]