Fallout from the financial markets - article 3,665,932,091....

There was an interesting article in The Economist last week about the end of the independent US investment bank. A lot has obviously been written on the subject, but this had a few interesting point relevant to career-seekers.

"These investors are also going after the “talent” in investment banks. Morale there is not high. One executive admits that becoming a (deposit taking) bank “does little for our cachet”. Hedge funds will be particularly keen to get their hands on cutting-edge risk-takers, particularly the Goldman crowd who used to thrive on leverage.

"Power may shift in two other directions: abroad and, to a lesser extent, to boutique investment banks."