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- A + A They are anxious about building careers without big deals to cut their teeth on. NEW YORK (Aug 17): On a boat under the Statue of Liberty at happy hour one August Thursday, young Morgan Stanley colleagues sipped champagne and smiled. Two Citigroup Inc banking analysts left the company's headquarters by 5.40pm to drink across the street. A young investment-banking analyst who came close to burning out last year now has enough free time to take in Broadway shows. All that was practically unthinkable a year or two ago. Back then, underwriting and advisory work was piling up and junior bankers were groaning under the strain, setting off a rebellion by Wall Street workers who could not find time to eat or shower. Underlings at Goldman Sachs Group Inc put together a presentation begging bosses to cut weekly hours to 80, and the bank was among many that ended up promising more flexibility and time off. As summer nears its end, finance-industry rookies are … [Read more...] about Young bankers worry about nights off early and dark days ahead

Ezra Miller attends the Apple Store Soho presentation of Meet the Cast: “Fantastic Beasts and Where to Find Them” at Apple Store Soho on Nov. 9, 2016, in New York City. Image:Getty Images via AFP/Michael Loccisano Ezra Miller, the troubled star of Warner Bros’ major upcoming superhero movie “The Flash,” is seeking treatment for mental health issues after a string of high-profile controversies, the actor said. The 29-year-old, who has already appeared as the key DC Comics character in several blockbuster films, including “Justice League,” was charged this month with felony burglary in Vermont, and earlier this year was charged with disorderly conduct following two arrests in Hawaii. Those incidents—and further allegations of choking a woman in an Icelandic bar, which did not result in charges—have raised questions in Hollywood over the future of “The Flash” and Miller’s career more broadly. “Having recently gone through a time of intense crisis, I now understand that I am … [Read more...] about ‘The Flash’ star Ezra Miller seeking treatment for mental health

Rank 3 | Salil Parekh | Company: Infosys | For the financial year 2021-22 Infosys CEO Salil Parekh was paid a total of Rs 71.02 crore. The shareholders of the company have approved the proposal to extend Parekh's term for five years, till 2027, with an increase in his compensation package to Rs 79.75 crore. India's second largest IT services company Infosys expects moderation in attrition levels over the coming quarters, as its efforts around employee engagement, training and salary hikes are starting to yield results, said CEO Salil Parekh. The comment of Infosys top honcho assumes significance as soaring level of attrition, leading to higher employee costs, is denting the profitability of IT players. While the high level of attrition at large IT companies, including Infosys, has alarmed analysts, Parekh stressed that attrition measured on a quarterly basis has already started showing notable signs of improvement for the Bengaluru-headquartered firm. It is a matter of time … [Read more...] about Infosys CEO sees moderation in attrition over coming quarters

- A + A NEW YORK (Aug 18): Top U.S. and European banks are facing tougher times in the riskiest parts of the loan market. The biggest U.S. lenders, including Bank of America and Citigroup, wrote down $1 billion in the second quarter on leveraged and bridge loans as rising interest rates made it tougher for banks to offload debt to investors and other lenders. The pain has also spread across the Atlantic, after European lenders such as Deutsche Bank and Credit Suisse reported losses for such exposure. Large U.S. and European banks are on track to lose $5 billion to $10 billion more in coming quarters on leveraged loans they have committed to underwrite, according to bankers and analysts. Bank of America is among those most exposed to such writedowns because it is financing at least three large buyout deals at a time when the LBO market has come to a standstill, bankers and analysts said. Bank of America declined to comment. In the leveraged loan market, banks … [Read more...] about U.S., European banks could lose over US$5 billion from risky buyout loans

Share to Twitter Share to Linkedin If you enjoy spending time on a beach while sipping on an ice-cold cocktail but feel that you should also be doing something more productive like learning new things, then podcasts are your answer. Here is a selection of some of the best educational podcasts. 1.Politics Each season of Slow Burn is an in depth analysis of a major political event from the recent past. Season one examined Watergate, including contributions from journalist Bob Woodward. Other seasons have tackled the impeachment of Bill Clinton, the rise and fall of David Duke and the road to the Iraq War. In season six, host Joel Anderson examined how a jury failed to convict the four Los Angeles police officers who'd been captured on videotape beating Rodney King in 1992. He explores the people and events behind the worst civil disturbance in American history, a story that still so sadly relevant today. In last month’s series, host Susan Matthews looked … [Read more...] about Top 12 Educational Podcasts To Listen To While Traveling