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Wall Street hiring spree puts junior bankers in driving seat


New York: Twenty-somethings dreaming of Excel all-nighters are facing their best prospects in years.
HSBC Holdings Plc this week became the latest global investment bank pledging to hire a flock of junior bankers to help analysts and associates avoid burnout amid an avalanche of deals. JPMorgan Chase & Co. said last week it plans to add almost 200 staff, joining Goldman Sachs Group Inc. and Jefferies Financial Group Inc. in bolstering their ranks.
Dealmakers have tried handing out raises, paying for vacations and enforcing curfews to try to prevent defections or even revolts as active markets and the work-from-home grind weighed on the bottom of their corporate pyramids. Now, many firms are coming to the conclusion that, with no let-up on deals, the best fix is more bodies. ....

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