Every Monday morning · Free
The finance brief of the week
The essential financial news, decrypted through key figures and their concrete implications. Every week, you'll also find a selection of internship offers, sorted by sector.
One email per week, on Monday. Unsubscribe in one click. Your address is only ever used for this.
In every issue
The numbers from a typical edition, the one from September 14.
News, decrypted
What happened, the numbers, and above all why it matters for someone who wants to go into finance.
Internship offers, sorted by sector
M&A, leveraged finance, private equity, asset management, audit, insurance. Company, location, deadline and direct application link.
Different employers
Lazard, BNP Paribas, Société Générale, Crédit Agricole CIB, Amundi, Eight Advisory, Euronext, the Big Four. No single recruiter dominates the issue.
Five to ten minutes of reading
Clear, accessible content. Every issue brings you something new, with no repetition from one week to the next.
A preview of the newsletter
An excerpt from a real edition, exactly as it arrives.
A week where everything revolves around a single word: rates. The ECB tightened the screws, the US yield crossed a threshold not seen since 2007, and French companies were setting dividend records.
5.02%: the US rate hasn't been there since 2007
The yield on 10-year US Treasury bonds, the global benchmark for the bond market, rose Tuesday to 5.02%, its highest level since 2007.
What this means for you: when the risk-free rate goes from 3% to 5%, a company's future cash flows get discounted more harshly, so its theoretical value drops. That's the core of the DCF model you'll use on an M&A internship.
Source: Le Figaro
This week's internships
Forty offers, from investment banking to actuarial work, spread across eight sectors.