Bank of America (UK)

[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

[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.

[BolshieBastard]

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!

[SomeoneElse]

Deutsche Bank cut rates for all contractors across the board by 20% last week in London, the big money isnt there with the top banks at the moment

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.

[moorfield]

So did you find out what it was all about?

Yes do tell, I even had a reminder in my calendar for today!

[bellymonster]

So did you find out what it was all about?

[BolshieBastard]

Oh Dear (TM). That sounds ominous. Get your CV circulating before the rush next week!

Already in hand!

[Manic]

Rate cut is better than a cull, this darn credit crunch!!

[Mike Hunt]

Deutsche Bank cut rates for all contractors across the board by 20% last week in London, the big money isnt there with the top banks at the moment

[moorfield]

Oh Dear (TM). That sounds ominous. Get your CV circulating before the rush next week!

[BrilloPad]

Bank of America has informed all its contractors working in Testing Centre of an announcement to be made at 1.30 of 22 July.

Its not known whether its a rate cut, contractor cull or something else. However, only contractors are affected.

It can't be anything serious? If it was they would not have given notice? Unless the mgmt are idiots...

[BolshieBastard]

Bank of America has informed all its contractors working in Testing Centre of an announcement to be made at 1.30 of 22 July.

Its not known whether its a rate cut, contractor cull or something else. However, only contractors are affected.