Bank of America (UK)

[moorfield]

Yes, panic over!

The notification of the meeting should have gone to all 'associates' but instead just went to contractors.

They just blabbed on about nothing in general although did say they would look to automate more testing.

So, no rate cut or contractor cull just yet!

Sorted.

[Mike Hunt]

I haven't heard this from anyone else, and I would have thought it'd have made a news article somewhere. Do you have a link?

As to the money not being with the big banks is rubbish. A 10% cut on 650pd is still miles ahead of comms/law/ins in the same(ish) role.

I dont have a link but it was my previous contract and I know many contractors first hand who suffered the reduction within Deutsche. If you dont believe me ring Deutsche and they will be happy to tell you about their exposures to the market and huge sub prime losses

20% of 650pd based on 20 day month =2600 quid, considerable enough Id say