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Driven to win download11/21/2023 ![]() "They are not seen as a true investment banking player in the US." Key among them is Santander, the Spanish bank that has now hired around 10 senior bankers from Credit Suisse on what were reputedly multi-year guaranteed bonuses. " Santander could only have dreamed of this a year ago, one M&A banker, told IFR. ![]() ![]() And yet, hiring is still happening in even the most enfeebled sectors and there is good reason for this: Fear of Missing Out (FOMO).Īs banks like Goldman Sachs and Morgan Stanley cut thousands of staff, and as Credit Suisse's finest people seek an exit ahead of being let go by UBS, banks that would never usually have access to such fine specimens of employee are being galvanized into action. Given the state of investment bank revenues, it's not surprising that 2023 is a nadir for banking jobs and that roles are being eliminated rather than added.
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