You have to hand it to Goldman Sachs. Ever since the bank became the de facto scapegoat for everything wrong with the financial system, it's been trying hard to prove to the public that it's not the spawn of Satan. To date, it's launched a small business program, set aside millions for charity donations, and even taken in wayward kittens.
Now it's going one step further toward mollifying its perhaps most vehement critics: the London mob seething with anger at jumbo bonuses. It will cap the salary and bonuses of London partners at 1 million pounds. About 100 employees will be affected. Goldman's compensation allocation is expected to hover around 40% of revenue, the lowest percentage in years.
Usually when a merger takes place, dozens of employees can expect to find pink slips in their inbox. But the Wells Fargo-Wachovia takeover is resulting in a far happier outcome for finance job seekers in Atlanta. The Southern metropolis is quickly becoming a hotbed of a retail banking job growth.
Related: Wells Fargo | Retail Banking
Financial analysts and staff and senior accountants will be in high demand in the fourth quarter, according to a recent Q4 employment report from Robert Half, a staffing firm that specializes in finance and accounting among other professional disciplines.
American, Indian and East Asian job seekers rejoice! RBS is hiring in those regions. But don't rejoice too hard -- it wouldn't be polite: The embattled British bank is shedding 3,500 workers in the U.K.
Related: RBS
The economic downturn has taken a lot of opportunities away from insurance executives, but it's also providing some new ones. Among the more unusual examples: New jobs in Vermont, working for a captive.
Related: Insurance