Grim scenes in London

[aceboy]

Which bank didn't? Don't claim Barclays they simply went to middle east rather than London.

iirc HSBC

[BlasterBates]

UBS chief: Other banks may need to downsize too - Houston Chronicle

UBS "big boss" thinks he's just kicking off the "blood bath" that others are going to continue with.

Looks like banking is heading back to the 1970's.

The advantage is there probably won't be any more greedy banking bail outs, downside means no lucrative IB contracts, or at least a lot less of them.

[RasputinDude]

Looks like banking is heading back to the 1970's.

Labour and the left wing will be so very pleased.

[moggy]

Which bank didn't? Don't claim Barclays they simply went to middle east rather than London.

the ones that didn't just fixed the rate so they didn't need to

[OwlHoot]

Labour and the left wing will be so very pleased.

So will the brolly and bowler manufacturers.

[Lockhouse]

The changes in IB at the moment are structural not cyclical. There's no going back to how it used to be.