John D. Lowry’s Post

Why Banks And Brokerage Firms May Be Ordering Workers To Return To The Office   Wall Street brokerage firms, such as Barclays, Citigroup and HSBC, are requiring thousands of employees who were eligible to work from home to return to the office five days a week. One of the reasons for the RTO edict is that new regulations from the Financial Industry Regulatory Authority—a self-regulatory agency—now require the home offices of remote workers to be registered and inspected every three years under a new pilot program, Bloomberg reported.   https://lnkd.in/eufn3shU   #SpartanCapital #InvestmentBanking #FinanceExpertise #BusinessGrowth #OurTeamOrNoTeam #WallStreet #TradeSettlement #FinanceNews #MarketEfficiency #SEC #TradingRisk #T1Settlement #StockMarket #USMarkets #GlobalMarkets #Investment #FinancialRegulation #MarketInfrastructure #CapitalMarkets #Liquidity #SecuritiesTrading #DTCC #Banking #AssetManagement #ForeignExchange #MarketTransition #EconomicNews Spartan Capital Securities, LLC John D. Lowry

Last week, Barclays released an internal memo stating they will be lifting the cap on bankers’ bonuses originally imposed by the EU.   A Barclays spokesperson said: “The revised bonus cap will not alter the way Barclays sets its incentive pool, which is based on overall group performance. It will allow us greater flexibility to differentiate individual bonuses within a small and defined group of colleagues, enabling Barclays to continue to compete effectively to retain and attract the best talent globally.”   Matt Nicholson, Europe Managing Director for Selby Jennings, comments on how this could create compensation disparities within the market. Want to learn more about how this could affect your hiring and how you can attract the best talent? Speak to one of our team: https://lnkd.in/ej6tFE24   Read the full story: https://lnkd.in/en_d5cJP   #bonuses #financialservices #bonuscap

Last week, Barclays released an internal memo stating they will be lifting the cap on bankers’ bonuses originally imposed by the EU. A Barclays spokesperson said: “The revised bonus cap will not alter the way Barclays sets its incentive pool, which is based on overall group performance. It will allow us greater flexibility to differentiate individual bonuses within a small and defined group of colleagues, enabling Barclays to continue to compete effectively to retain and attract the best talent globally.” Matt Nicholson, Managing Director for Selby Jennings Europe, comments on how this could create compensation disparities within the market. Want to learn more about how this could affect your hiring and how you can attract the best talent? Speak to one of our team: https://lnkd.in/ej6tFE24 Read the full story: https://lnkd.in/en_d5cJP #bonuses #financialservices #bonuscap

Barclays has announced the removal of its cap on top bonuses for senior bankers. The change allows these bankers to earn bonuses up to 10 times their base salary, a substantial increase from the previous two-to-one ratio set by the EU in 2014. This decision aligns Barclays with other major banks like Goldman Sachs and JPMorgan, which have already lifted similar restrictions. The adjustment, approved by Barclays shareholders earlier this year, is intended to provide greater flexibility in rewarding individual performance while maintaining the overall incentive pool based on the Group's performance. This shift reflects efforts by UK regulators to enhance the competitiveness of the financial sector post-Brexit. #TheSocialTalks #Banking #Finance #Barclays #Bonuses #TalkSocialToUs

Oh no, Barclays UK! Why are you neglecting the human touch in your brand experience? It's disheartening to see older customers coming into your branch and feeling lost as they're directed to a phone to call head office. People visit branches for human interaction and empathy when dealing with their financial issues. While staffing branches can be expensive, directing customers to a phone in a brand cannot be the answer. Let's remember the importance of personal connection. #Barclays #CustomerService #BankingIndustry

It is interesting that the solutions noted in the article to better manage young Bankers workloads are - 80 hour work weeks, moratoriums to shut down work emails from Friday night to mid day Saturday, time tracking systems that the Bankers judge their capacity levels and one weekend a month off from work. I don’t think any of the solutions and reforms noted in this article are serious efforts to improve the work environment and employee well-being. The young Bankers are human beings. Even with the advantages of being young, they have physical and emotional limits to how much stress, lack of sleep and less ability to get away from work and reset they can endure. I found this article to be at best disheartening and at worst, irresponsible for the Banks to believe they have prioritized their employees well-being.

Citi ’s lesser-known services business is in the spotlight, emerging as an integral piece in chief executive Jane Fraser’s plans to prop up a market capitalisation now smaller than Commonwealth Bank’s. The unheralded services business is like a plumber for companies leveraging almost 300 staff in Australia and New Zealand to open bank accounts in 100 countries and ensure the pipes that enable bond issuances do not burst. https://lnkd.in/gmAR-dga

Exciting news! Barclays has become the first UK bank to lift the cap on bonuses. This move signals a major shift in the industry and could have a significant impact on how banks attract and retain talent. The decision follows a recent trend of financial institutions reconsidering their compensation policies. It'll be interesting to see how this plays out in the coming months. #Barclays #Banking #Finance https://ift.tt/v5lJZGm

🚨 Alert for London banking professionals with 15+ years experience! 🏦 Industry insider reveals alarming trends ⬇️ • Mass replacement of senior talent with junior hires • Near-shoring of roles to cut costs by 50% • Loss of crucial institutional knowledge Is this something you're seeing 💭 Is your position at risk? & How can you stay competitive? Check out #eFinancials full article - https://vist.ly/3mk3ume #LondonBanking #FinanceCareers #ExperiencedProfessionals