Wednesday's Headlines: Investment Bankers Chase Project-Based Work

As banks look to save money on staffing and generally run leaner, one firm is experimenting with a new model: project to project hiring of junior to mid-level analysts. [WSJ]

While compensation is sluggish, hiring is up in wealth management, with technology executives playing a bigger role in the business. [Wall Street & Technology]

Goldman Sachs hired former Federal Reserve Bank of New York official Theo Lubke to help it w navigate new regulatory landscape. [Bloomberg]

UBS brought on several executives to lead its Asian wealth management business. [Finance Asia]

Wall Streeters are paring down on Christmas expenses by flying (gasp) commercial to their holiday destinations. [Financial News]