Business confidence is receding in the US from the heights it reached after Donald Trump’s election, as friction with trading partners and a slowing global economy weigh on chief executives’ expectations for hiring, investment and growth.
JPMorgan’s corporate and investment bank will no longer visit college campuses to recruit, asking candidates instead to submit a video interview and play some behavioral-science computer games.
According to the latest survey by consultants EY, financial services groups have triggered contingency plans that will move £1tn of assets, and 7,000 jobs, out of the UK to Europe.
If there is any stress surrounding the U.K.’s imminent exit from the European Union, you couldn’t tell by looking at how investors are trading the pound.
London’s investment banks have hiked bonus payments for junior employees this year, despite broader cuts to the compensation pool, as they strive to prevent millennials’ heads being turned by other sectors.