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Barclays and Lloyds were first-movers in terms of announcing deals. From August 3, Citizens has been accounted for as an associate classified as held for sale. Over my time in this role I originated and executed a number of ground breaking deals.
Jonathan Greenwood Professioneel profiel Issuance of risky Additional Tier 1 capital could be set for a revival after Royal Bank of Scotland and Standard Chartered printed large dollar deals that rallied in. My job is to get to know different Debt Capital markets products at RBS and help each of the different senior originators with multiple pitches, live deals. We are a worldwide leader in aeronautics, space and related services: We make it fly.
Citizens Financial no longer a reportable segment RBS All of the bankers were unreachable for comment or did not respond to requests for comment. Asian Legal Business Roundtable: Markets Asia at the Royal Bank of Scotland. As most investment banks have increased salaries to stave off competition from the buyside, RBS has been forced to keep pace. Figures from salary benchmarking company Emolument. Certainly, few juniors have left in recent months.
Most UK junior bankers tell us that the cuts are expected to hit global transaction services and credit trading functions, while those in advisory functions are being well looked after. RBS has, however, curtailed the number of graduates it takes on. At its pre-crisis height it was hiring over graduates for its investment bank, a figure that shrank to in and 50 people last year, according to sources close to the situation.
The bank still ensures analysts get more deal exposure than larger banks at which the hierarchy is more rigid.
For juniors, the best thing about RBS is that it doesn't shoehorn its young hires into one business area immediately. Instead, the first year is spent on four rotations around either the investment banking division or markets functions before settling in a particular area of expertise.
Juniors are less interested in so-called "safe harbour" employers than in good career prospects, he added. Get the latest career advice and insight from eFinancialCareers straight to your inbox.
In the UK, the rules are modeled after US actions to curb pay at firms bailed out by the government. RBS will soon be about percent owned by the British government due to recent bailouts. The protest exodus at RBS -- first reported on the Web edition of the Times of London -- involved less than 5 percent of its banking professionals. Some headhunters see more bankers jumping ship in the coming year as the controversy deepens over pay freezes and curbs. BAML doesn't seem so screwed now. It might take time, but I wouldn't be surprised if RBS bounced back.
And GoodBread you are an idiot, BoA only had an issue with the merger, Merrill Lynch was ripping up league tables the whole time. That is like taking your best racehorse out back and blowing its brains out. Basically that'd be like if BoA was forced to sell Merrill to Goldman at a discount. I'm gonna guess bonuses at RBS are around dollars, basically back office bonuses lol.
RBS's FO stuff is completely screwed short-term. But they're still a very major player as far as large commercial banks in the UK. They will stick around long enough to rebuild their IB business when the economy picks up in the UK which could take a very long time. Haha, some senior trader came by the other day and was all about into commercial banking "The next great thing" Sad thing is Hmm thanks, talked to a lot of people and it seems RBS is a dead end soon, and the new British law that was passed didn't help much either to restore confidence.
Perhaps in next 5 years they might change but currently they don't seem to be interested in building up a US presence: It seems like RBS announces new layoffs every two weeks. They've cut something around positions in Stamford in the last few years.
How long do you think it will be until they finally throw in the towel? Anyway- RBS has basically stopped its Americas business. I believe the Stamford office is just for US trading. I had thought that in the U. RBS was doing alright- all things considered. But I do live in the area. I knew that their IB group was gone, but I just read they've been cutting trade support and back office functions. I do think that's the eventual plan but some long term contracts are still in place and the cost to break them is more than the cost of keeping things going.
I didn't know their trading group was that profitable. I imagine they will eventually concede to the government as they may need another bailout with billions of losses every year. I'm not sure how profitable it is now but when my group was part of RBS we were the ones making all of the money. Such as how it stacks up against other BBs in the US? However this is because it's had a tough few years and there's only one way for it to go - up.
I wouldn't write it off, they'll be a much better chance for promotion in as growing organisation and I do think it stands a good chance of being a top player in 5 years or so. The whole its had tough years and theres only room for improvement argument really worked well for Bear, Lehman, etc.
RBS is still owned by the government, for all you know they can dismantle it and sell it off piece by piece. There's always room for things to get way worst in RBS. There's no way the the government will dismantle the IB arm - that's the part which will bring the share price up! It's been a while since the guys at RBS got cash bonuses, right? Yeah I was thinking that because so much of RBS is still owned by the government, it might be a risky place for someone to work.
I would guess that might make it a little harder to attract recruits Except the government has to worry about public opinion, so if suddenly the Canadian citizens start calling for a dismantling of it's IB practice, then everyone is in a tough position. On most of the lists they placed in the top Though they didn't place anywhere in the ECM tables. ECM is also very young- not too many deals either. Most are for converts.
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Analysts most certainly get cash bonuses, not shabby ones either. Great place though- very nice people.
I wouldn't worry about the gov't ownership. Gotta work in Stamford, however albeit in a beautiful building No bonus as a 1st year and much lower going into rd years. Remuneration much, much below the street and no positive outlook going forward. I've heard of plenty of defections both at junior and senior levels. Know someone who'll be starting there. She loved her SA stint there. I still think it's a sub-par bank. Sector Corp Finance Help!!! Been following this forum for a while, but just recently joined up..
Website says - http: Does anyone know about them? I know its is not on the top list, but it is a pretty big bank in Europe. They are a good up and coming name in the U. Very good for fx.
Think about the challenges facing RBS. With Fortis a member of the consortium being bailed out, there will be complications, further delays and more problems. Secondly, UK banks are not doing so well. The UK had a very inflated mortgage market, with many "buy-to-let" mortgages not performing. HBOS has seen its stock drop precipitously until the Lloyds merger.
RBS is also exposed in the leveraged loan market. They're huge in the market. That was a great thing, now investors need to evaluate the loan portfolio and assess what it really is worth. Interbank funding pressures and strains are also a concern. The lack of liquidity in the interbank market will certainly affect the amount of lending and the revenues of RBS. I have just started looking into applying, but after having read this article on RBS I am wondering whether it is still worth it? Does anybody think it still worth applying to RBS? I guess I won't be making more than 39K in my first year anyway right?
Any help is appreciated. I think he is doing so with this very thread. Is there anything illegitimate about that considering this place is full of experts that might be able to answer his question? Because they are global and you're impressed by their culture and their team-work mentality, obviously.