Japanese lender Mitsubishi UFJ Financial Group is expanding its retail banking business—and hiring thousands.
The firm wants to hire 3,000 people around the world to help generate 40% of the bank's profits from outside Japan, up from 28% now, according to Bloomberg. Branches and offices will be established in China, India and Indonesia, among others.
Outside Japan, the workforce will grow 15% from 20,000 people. Also keep a lookout for Japanese domination of the U.S. West Coast, where the bank is scouting for takeover targets for its commercial banking business.
Aside from its retail banking plans, the bank will hire 50 derivatives traders and 150 sales and research staff around the world over the next three years. Something for everyone.
All Clear (eFinancialCareers)
Deutsche Bank is done with job cuts for the time being. Head count in the corporate and investment bank shrank by 514 people last quarter.
Saying Sorry (The Guardian)
Barclays plans to apologize to shareholders today for not "communicating effectively" about Chief Executive Bob Diamond's compensation package.
Coming Down (Deal Journal)
It was the best of times, it was the worst of times. While there are still plenty of opportunities in Asia, jobs in certain sectors of finance are getting axed.
The Departed List (Financial News)
Here they are: the 63 Goldman Sachs partners who over the last year have decided to leave the comforting arms of Lloyd Blankfein and brave a new world on their own.
Branching Out (Bloomberg)
BlackRock has hired Edward Cook, the head of European equity syndication at UBS, for its new capital markets team in London. Bulge-brackets should be en garde: BlackRock's new venture is coming for their talent.
Getting Ahead (GoingConcern)
Enemies of the CPA exam have reason to cheer. McGladrey's new policy means you don't have to pass two parts of the exam to be promoted to senior associate.
Don't Try This (Forbes)
You may think you're pretty cool if you dare to whip this question out at the end of an interview, but most employers will immediately cross you off their list.
Buzz Around the Office
A Freddie Mercury tribute from cartoonist Pablo Stanley.
List of the Day: Recognizing a Dysfunctional Boss
We've all had them at some point, and if you haven't, you will.
1. They go hot and cold with their emotions toward you.
2. They're conspiracy theorists.
3. They never admit to a mistake.