Banks can't compete with hedge funds in hiring

Hedge Fund

Another day, another handful of traders fleeing large investment banks for hedge funds. This time, Bloomberg News reports, it is two Goldman Sachs Managing Directors joining Citadel, Kenneth Griffin’s giant hedge fund, which is based in Chicago.

JPMorgan hiring probe escalates

Now hiring - not

Gaby Abdelnour, a former JPMorgan Chase regional chief who expanded the bank’s business in Asia, was questioned by U.S. investigators about his knowledge of a hiring program at the center of an international bribery probe, a person briefed on the matter said.