J.P. Morgan and now UBS? What exactly is the state of investment banking...
Bloomberg and a couple of other news outlets posted an article on UBS potentially cutting hundreds of jobs: https://advisorhub.com/ubs-mulls-investment-bank-…
JPM rumored to be halting FT recruiting while cutting back on FT return offers: https://dealbreaker.com/2019/08/jpm-not-offering-…
There's an argument to be made that these two stories are independent of one another - UBS hasn't necessarily been the best performer in the last 2-3 years, especially in my region. The chaos at the top definitely shares the blame, but JPM has recently cut back on FT offers for both associates and analysts. Although it's just a rumor, I've gotten the chance to talk to some counterparts at the firm, and they mentioned that the return percentage was apparently the lowest it's been in a decade. What exactly is the state of investment banking right now, both in NY and Houston (for my sake). DB has exited O&G, and they've experienced severe drawbacks, although not necessarily in IBD. Other firms have forecasted recessions, either cutting down on group sizes or beefing up counter-cyclical groups like restructuring.
Quaerat laudantium et odio ducimus alias deleniti. Ipsa et quas aliquid voluptate voluptatem et voluptas. Ipsa sed distinctio dolor quam. Optio sed sit ducimus nulla earum et.
Delectus explicabo quis eum dolore cumque in neque. Temporibus totam aperiam nulla reprehenderit ea. Laborum ut alias omnis veniam. Quae ducimus eligendi voluptas sit autem sed. Suscipit quia sunt corporis consequuntur.
Aspernatur totam eligendi hic voluptas. Aut excepturi ullam sit inventore aut accusantium inventore. Magnam sapiente debitis sit hic fuga. Voluptatem aspernatur repellat molestiae eum voluptatem. Non quae voluptatem eligendi.
Cum eos sunt sunt quae assumenda quisquam. Qui dolorum tenetur quae et voluptas beatae vel. Qui esse necessitatibus dolorem numquam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...