![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
Russia braced for a bleak winter
Jason Corcoran (November 17th, 2008) Writes:
Financial NewsJason Corcoran in Moscow and Harry Wilson17 Nov 2008 Moscow-based investment bankers are at the sharp end of job cuts
Russian index slumpsIt seems like a different age, but it was only recently that Moscow-based investment bankers had firms fighting to secure their services and could command pay packages commensurate with demand.Senior Moscow-based bankers and those covering the Russian markets asked for and got lucrative pay deals as local brokers and large international investment banks fought a hiring war to build their businesses in the country.Guaranteed packages in excess of $10m (€7.8m) were not unheard of and even junior staff with experience of the Russian markets received $1m guarantees to join rivals.In early 2007, Russian investment bank Alfa-Bank recruited the head of UBS’ Moscow office Ed Kaufman for a ...
Russian index slumpsIt seems like a different age, but it was only recently that Moscow-based investment bankers had firms fighting to secure their services and could command pay packages commensurate with demand.Senior Moscow-based bankers and those covering the Russian markets asked for and got lucrative pay deals as local brokers and large international investment banks fought a hiring war to build their businesses in the country.Guaranteed packages in excess of $10m (€7.8m) were not unheard of and even junior staff with experience of the Russian markets received $1m guarantees to join rivals.In early 2007, Russian investment bank Alfa-Bank recruited the head of UBS’ Moscow office Ed Kaufman for a ...
Tags for this Post:
Abn Amro, Alfa;, Andrew Cornthwaite;, Bank, Banking, bloated and expensive banking teams;, Dealogic;, EUR, Goldman Sachs, Harry Wilson;, higher energy prices, Investment Bank, Investment Banking, investment banking data;, JASON CORCORAN, John Porter;, John Thain, Lehman Brothers, local and international media;, Merrill Lynch, Mikhail Prokhorov, Morgan Stanley, Moscow, Oil Price, Oil Prices, Putin, Renaissance Capital, Russia, Russia, Russian Government, state-owned bank, Steve Meehan;, Troika Dialog, UBS, United States, USD, VTB
Abn Amro, Alfa;, Andrew Cornthwaite;, Bank, Banking, bloated and expensive banking teams;, Dealogic;, EUR, Goldman Sachs, Harry Wilson;, higher energy prices, Investment Bank, Investment Banking, investment banking data;, JASON CORCORAN, John Porter;, John Thain, Lehman Brothers, local and international media;, Merrill Lynch, Mikhail Prokhorov, Morgan Stanley, Moscow, Oil Price, Oil Prices, Putin, Renaissance Capital, Russia, Russia, Russian Government, state-owned bank, Steve Meehan;, Troika Dialog, UBS, United States, USD, VTB
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.