The Acela-rider should take note– starting in December, it’s okay to board the train packing heat.
Archive for December 2010
When you’re applying for a gig on Wall Street these days, you’ve got to do something that will set you apart from the crowd. Jobs are scarce and while anyone can tell a firm why they should be hired, few go the extra mile to show. Armed with this knowledge and the knowledge that competition for positions at Citi is fierce, one recent applicant knew she had to raise the stakes. She didn’t just send Citi a resume and cover letter indicating her interest and qualifications– anyone can do that. She sent them an 11-page presentation entitled “I’m Always Awake With Citi: 9 Reasons Why You SHOULD Hire Me As Your Investment Banking Analyst” filled with headers like “Smart” and lotsa clip art. Perhaps it was the reasons, perhaps it was the fact that she appealed to someone at Citi’s love of its insomniac tagline, but we’re told she’s been asked to come in next week. (We’re also told she created similar presentations for other banks, such as BAML, which has also invited her to stop by next week, and that she has interviews set up with “several” firms. Citi may be her “dream,” but they’re not the only ones who should be offered a piece of this and girlfriend is a hustler.) Job-seekers, take note.
Subject: Citi Investment Banking Analyst Application
I’m here to apply for Investment Banking Analyst position in Citi, my dream job in dream company. I’m graduating business school in Dec 2010, so I can start work in January 2011. My cover letter and resume are attached and I will appreciate it very much if you could do me favor to talk a look or forward them to other hiring managers.
Look forward to hearing from you.
Thanks very much.
Fed to Name Recipients of $3.3 Trillion in Aid During Crisis (Bloomberg)
The Fed intends to post the data on its website at midday in Washington to comply with a provision in July’s Dodd-Frank law overhauling financial regulation. The information spans six loan programs as well as currency swaps with other central banks, purchases of mortgage-backed securities and the rescues of Bear Stearns Cos. and American International Group Inc.
BofA Falls On WikiLeaks Fears (WSJ)
The bank has been trying to determine for more than a year whether any documents were leaked from inside the bank, said people familiar with the situation. WikiLeaks founder Julian Assange asserted in an October 2009 Computerworld magazine interview that he had the 5GB computer hard drive of a Bank of America executive. “We have no evidence that supports this assertion,” a bank spokesman said Tuesday. “We are unaware of any new claims by WikiLeaks that pertain specifically to Bank of America.”
Deutsche Bank Says ‘Mistrust’ Of Spain’s Banks Is ‘Unjustified’ (Bloomberg)
Investors’ mistrust of Spain is unjustified and problems in the banking industry are “manageable,” Deutsche Bank AG Chief Executive Officer Josef Ackermann said, as Europe’s debt crisis intensified. The fundamental economic data “in no way justifies the apparent mistrust that exists in the case of Spain, though not only there,” Ackermann, who also heads the Institute of International Finance, a global industry group with more than 400 members, said yesterday in response to a request by Bloomberg News. “Spain can deal with its problems by itself.”
US States Face More Financial Stress, Says Official Report (AP)
Legislatures around the country may have to make more spending cuts over the next couple of years because of dwindling help from the federal government and a slow recovery in tax revenue, according to a new report. States will spend about $43 billion in economic stimulus funds during the current fiscal year, which ends June 30. After that, they’ll probably have to get by with less federal funding.
UK Feels ‘Vindicated’ For Refusing Euro (CNBC)
The UK did not join the euro because that would have meant giving up decision over interest rates and removing exchange rate flexibility, George Osborne said in an interview late Tuesday. “And, you know, I feel that our view has been vindicated by recent events, and I’m very pleased the UK’s not part of the euro,” he said. “But ‘I told you so’ is not much of an economic policy when you’re confronted with the challenges that we face today,” Osborne added.
Co-Pilot Moved Seat, Set Jetliner Plummeting (CNN)
The co-pilot of an Air India Express 737 sent the jetliner into a terrifying 7,000-foot plunge in May when he accidentally hit the control column while adjusting his seat, investigators report. According to the report from India’s Directorate General of Civil Aviation, the co-pilot panicked and was unable to execute the proper procedures as the jetliner dropped from 37,000 feet at a 26-degree angle. The plane and its 113 passengers were saved when the pilot, who’d gone on a bathroom break, used an emergency code to get into the locked cockpit, jumped back into his seat and grabbed the controls to bring the plummeting plane out of its dive. The aircraft would have broken apart if the descent had continued, the aviation agency report said. Continue reading »
