Late Links: Extra indications that Brazil is the place to be
Last November, we reported on claims that investment banking pay was higher in Brazil than elsewhere. Today, there are two more indications that Brazil is emerging as a source of financial services jobs.
Firstly, Michael Page said its Latin American fees increased 87% year on year in the last quarter and that Brazil is now its third biggest market globally. Secondly, ICBC's opened a Brazilian branch to focus on 'commercial and investment portfolios.'
On the other hand, Raine, a new media-focused boutique investment bank is avoiding London and Europe altogether.
"People are still getting paid, but they know they are in the last-chance saloon and it won't be so easy now." (NYMag)
Paul Volcker thinks it would be almost impossible to break up US banks so that they become small and safe. (Telegraph)
Anyone earning above the salary of the President must have unlimited liability for the rest of their lives. If the bank goes down, then so do they. No ifs, no buts. (Fintag)
Nomura says it expects Delta One and equity derivatives to be its biggest revenue drivers this year. (Financial News)
Deutsche's new CEO could very easily be an external candidate without an investment banking background. (Reuters)
Brian Moynihan has autocratic tendencies. (WSJ)
Lloyd Blankfein can sing 1970s sitcom themes. (NYTimes)
A US hedge fund is running an Apprentice-style competition for analyst positions. (HFN)
As you get older, multi-tasking makes you stupid. (NY Times)
