Imagine an investment banker . You can start with shoes: a pair of brogues freshly shined calfskin . After the clothes : a navy blue suit bank clothing jobs, white shirt buttons pressed, and tie - not too great , not too flashy. Hair: well groomed and clean-shaven . This photo is almost as accurate as it was fifty years ago. Except that in most homes today banking , you will find a less complete outfits, a more diversified haircuts distribution , and a decent share of games skirt, heels and a ponytail.bank clothing jobs
But do not let appearances fool you, the business of the investment bank in the world today are not what a few decades ago , nor produce exactly the same type of institutions they were.bank clothing jobs In fact, investment banking is a sector in constant evolution.
First, the deep history : private banks began to provide investment banking services in the early nth century,bank clothing jobs but the true father of the investment bank on American soil was in Philadelphia Jay Cooke. Its Jay Cooke & Company, in existence from 1861 to 1873 buy and sell securities for clients by telegraph .
After the time of the Civil War ,bank clothing jobs there was a boom in financial services finally emerging global banking investment is divided into two areas: ( IE bankers "immigrants" ) and a German Jew " Yankee home . ' This has led to a dominant position on the market in the early twentieth century by a closed fist companies , some of which are still there : JP Morgan & Co., Kidder, Peabody & Co., Brown Brothers and Kuhn, Lob & Co.bank clothing jobs firstborn bump support.
Then 1933-1999 , banks were not allowed to operate both investment and commercial banks. They were collected. This was due to the Glass-Seagull Act bank clothing jobs, passed shortly after the 1929 crash , who did call just before the turn of the millennium by the Gramm- Leach- Bailey Act . Able to refinance debt while taking deposits , commercial banks which have entered or re- enter the game banking . For example, Morgan Stanley has found a new competitor in your business once the father of JP Morgan, who had taken the path of commercial banks in the 1930s.bank clothing jobs
Fifty years ago , banks focuses on advising clients on public offerings and mergers and acquisitions. Come the U.S.S.R., bank clothing jobs this trend has been replaced by proprietary trading , covering equities , bonds, commodities and derivatives listed on materials and their own money in a bank rather than their clients.bank clothing jobs
What has changed the face of the investment bank , in particular, is what has changed the face of most companies : technology.bank clothing jobs With computing devices and computers, businesses may happen faster than ever, at higher volumes than ever before, and in response to changes more subtle . Jobs and investment banking could never see him again.
bank clothing jobs But most importantly for the current candidates , and grandfather - and since your father and when your older cousin, too - were even with the recent painful event called the "Great Recession " or " minor depression " or " this terrible thing that happened in 2008. " Those who seek jobs in investment banking are now against the highest standards , softer times, and a larger pool of candidates than their predecessors.bank clothing jobs
And investment banking institutions continue to pay and . changing practices due to misconduct predecessors Banks in 2008 could benefit from a lesson of their own history :bank clothing jobs in 1907 , JP Morgan (the man ), apparently blocked leaders best bank ( more than your bank the same name) in his office until they reach a solution to the famous year of banking crisis.bank clothing jobs