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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> infrastructure

Obama budget targets tax revenues

Posted by RJ and Makay on Feb 13, 2012

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ObamaPresident Obama proposed today that the Alternative Minimum Tax (AMT) category be replaced by the so-called Buffett Rule, which targets wealthy Americans.  The AMT, which was adopted in 1969 to target wealthy Americans that paid little or no taxes, was never indexed for inflation, so it eventually impacted more and more middle-class taxpayers.

2011 to be a dynamic year for recruitment on Wall Street

Posted by RJ and Makay on Dec 20, 2010

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WhichRecruitment Activity departments in the financial industry are most likely to grow in 2011? Three of them: technology, sales, and wealth management. That's what banking/finance career specialist eFinancialCareers learned when it asked hiring managers and recruiters which professionals Wall Street will need most in the year ahead.

Those with technology skills will be especially sought after due to the rise of algorithmic trading, added regulation, and complex infrastructures. Indeed, technology job postings are up 75% year over year on eFinancialCareers, the company says. "Larger firms," it adds, "are turning to their technology departments as a cost-effective way to support compliance with new regulations, all while managing the small task of optimizing complex global technology infrastructures."