Late Lunchtime Links: Revisiting the fact that there are financial services jobs in Malta
We first highlighted the possibility of working in Malta over a year ago. Back then, the jobs seemed slightly boring and were all about, "corporate and commercial banking, wealth management, treasury and investment advisory roles."
Not any more.
Today, the Financial Times points out that there are hedge fund jobs in Malta. Clive Capital, Vector Commodity Management, Duet Asset Management, Finisterre Capital, Belay Partners and BlueGold Capital are all there already, and 'dozens' of others are said to be contemplating going there soon.
Compared to London and Switzerland Malta offers the dual advantages of being both cheap and hot. Compared to London it offers the advantage of low taxation: the top rate of income tax is 35% and there are various reductions available for people employed by 'International Trading Companies.'
UBS has promoted its head of research as its new head of equities in Europe. (Financial News)
London is burning, and in its ashes lie Commies. (Wall Street Oasis)
Oswald Grubel did not add value to shareholders and therefore will not be collecting a bonus. (WSJ)
Standard Chartered's tax contribution in the UK more than halved in 2010. (Telegraph)
The SEC will be requiring that 50% of the bonuses of bank executives and risk takers are deferred. (NY Post)
Potential litigation losses at some of the world's largest financial institutions. (Wall Street Journal)
A senior banker has won a gagging order preventing the media from revealing the affair he has had with a married colleague. (The Times)
The modern-day story is about witnessing the callous way bankers treat others. During my time on Wall Street, I learned to bury myself in my work and look the other way. (Wall Street Journal)
The Morgan Stanley executive who allegedly bit off part of a colleague's ear is now at Deutsche. (Dealbreaker)
Why MBA students can't write. (Wall Street Journal)