Monday's Headlines: Financial Employment's Looking Up
Good news: Hiring was up in February. According to the Labor Department, the economy added 3,000 financial services jobs last month, a jump from a loss of 10,000 positions in January.
This syncs up with the recent annual report from financial services recruiter Michael Page, which reported 2010 operating profits more than tripled over the previous year to $116.4 million on growth in emerging markets, according Reuters .
New York-based Ticonderoga Securities will take over Solei Securities, which will result in layoffs. [Bloomberg]
Nasdaq is being eyed for takeover by rival London Stock Exchange. [Marketwatch]
HSBC is pressured to relocate its London headquarters to Hong Kong. [NY Times]
Ernst & Young ramps up hiring in Baltimore. [Baltimore Business Journal]
Barclays new CEO Bob Diamond will receive a $10.6 million bonus for 2010. [Reuters]
The SEC is moving to limit upfront bonuses, which could impact financial advisers. [InvestmentNews]
NYSE Euronext chief executive Duncan Niederauer would receive a $34.3 million payout if he lost his job in a hostile takeover. [Financial News]
Bond sales and fees for investment banks rose in 2010, with JPMorgan landing the top spot. [Bloomberg]