Thursday’s headlines: Employee Survey Finds JPMorgan’s investment bank best Wall Street company to work for
Apparently billion-dollar trading losses don’t make workers cranky. In a survey by the Vault of 3,500 Wall Streeters, JPMorgan Chase’s investment bank was deemed the best place to work for, according to DealBook. We'll have our take on this assessment later.
The survey ranked Wall Street firms based on quality of life (hours, comps, culture, office space, green culture, training) and overall prestige. Blackstone jumped to No. 2 from No. 24 last year, and Goldman dropped one spot to No. 3.
Vault's website breaks down survey results, including diversity ranking, where JPMorgan’s investment bank also topped all others, followed by Centerview and Houlihan Lokey.
Other news:
Citi will open a commodity trade financing business.
Financial Time
Nomura said 45% of its $1B cuts will come from Europe, the Middle East and Africa, and 21% will come from the Americas.
WSJ
Blackstone raised $2.5B for energy deals.
Reuters
Joshua Kushner’s venture capital firm Thrive Capital has raised $150M for its latest fund.
DealBook
Boutique investment bank Greenhill hired three people in its private capital advisory unit.
NY Times
Goldman’s private bank is growing its offerings in an aim to grow lending by almost $1 billion.
Financial Times
A huge merger of natural resources sector is close to falling apart on Qatar investments.
NY Times
MSSB president Gregory Fleming discussed technology problems with advisors following reports that brokers were considering leaving.
Bloomberg
