eFinancialCareers

Would you be a banker if most of your pay was at risk for three to five years rather than a maximum of one year? UBS just decided to make itself the test case for overhauling incentive pay. Its ne ...

NAB is aiming to raise at least AU$2bn from selling new shares, with rumours rife that the eventual sale could reach AU$3bn. Should other local banks make similar moves to shore up their balance sheet ...

US banks aren't exactly known for a glasnost-style approach to employees who talk openly to the press. But when it comes to blogging they err even more on the side of despotism than usual. Back in ...

Are the Barbarians still at the gate, or are they about to join the dole queue? Just how well are Australian private equity firms coping with the financial crisis? The industry certainly seem ...

What’s worse for your career (and your ego) – being thrown on the redundancy scrapheap, or having your salary slashed by a quarter? That was the dilemma faced by CLSA staff who were told to ta ...

Greed is good, risk brings reward and more regulation is rubbish: is this music to your ears after weeks and weeks of being told you’re terrible to work in finance? Embattled bankers have rece ...

It looks like Allco Finance might be finally finished off. Now that it has called off asset sales designed to help keep its creditors at bay, the financial engineering group is in serious trouble. ...

Touted as possible sanctuaries from the problems crippling the Western financial system, do the Middle East or Asia really offer ample job opportunities or even any shelter from redundancies? ...

Are you feeling better about the safety of your investments, not to mention your job, following the Prime Minister’s recent pledges? The Rudd government has promised to guarantee all deposits ...

Now that it's that time of year again when you used to salivate about getting paid… is your biggest year-end purchase going to be a tighter belt? Whether on Wall Street or the City, government honc ...

If only Wall Street and London had nice, sensible banks like ANZ, CBA, NAB and Westpac – they might not be in such a mess. Australia’s four pillars are all in the elite group of only 20 banks ...

With its UK parent company HBOS in turmoil, what will be the fate of BankWest? And what of Suncorp? The firm is understood to have received several informal approaches from CBA and ANZ. Rumour ...

When a government has to step in to nationalise one ailing bank, it’s big news. When a government steps in to nationalise two ailing banks, it’s even bigger news. But when a government tries to splash ...

As Wall Street takes a hammering, will Australian firms put up their own 'no vacancy' signs? The Australian franchises of US investment banks may be hurting the most, but will hiring also be h ...

Dick Fuld may be widely seen as an ogre guilty of hubris and ineptitude, but some people are coming out on his side. The argument in favour of Fuld goes a little like this….There was no need f ...

How will the Australian finance sector cope with the chaos as Lehman Brothers bites the dust and Merrill Lynch sells out to Bank of America? It seem likely that Lehman’s 130-odd Australian sta ...

Becoming a serious regional player has long been a key aim for ANZ, but is the bank’s Asian expansion about to come to an abrupt end? ANZ already has a presence in Vietnam, Indonesia and Malay ...

A senator from South Australia is calling on the Federal Government to block Westpac’s proposed takeover of St George. The acquisition has got Nick Xenophon angry: “If [Treasurer] Wayne Swan w ...

Think that American investment banking is just one big bloodbath of job cuts, hiring freezes and plummeting bonuses? Barclays begs to disagree. Barclays Capital, the British firm’s i-banking a ...