We've expressed skepticism about Cantor Fitzgerald's insistence that it's hiring people as banks fire them, but maybe we were wrong.
Today it emerges that Cantor has actually recruited 200 people since the start of this year, increasing its staff by 20 percent.
Moreover, Cantor appears to be hiring still. Chief executive Shawn Matthews told the Wall Street Journal that Cantor plans to continue hiring in sales and trading and that it could hire a "few hundred more staff."
Failing that, Goldman Sachs is hiring in physical commodities. Reuters reports that it has recruited someone from Trafigura for its physical commodities team, an area that it's allegedly building up.
Banks Hiring Veterans
In honor of Veterans Day, we should also mention financial firms that have been hiring veterans in large numbers this year.
A few weeks ago, we reported that JPMorgan Chase was leading the "100,000 Jobs Mission" project aimed at hiring 100,000 veterans by 2020. Nate Herman, Executive Director of Military and Veterans Affairs at JPMorgan Chase, says the mission is well underway and that approximately 10 veterans have been hired every day since March.
Not to be outdone, Bank of America, Citigroup and Goldman Sachs, along with a number of other banks, have formed a coalition called Veterans on Wall Street to hire and train more vets.
So if you're a veteran and looking for work in the financial sector, you may want to give these banks a call.