Reply to: ******* investment banking

[AlfredJPruffock]

One weekend recently I went home thinking I had been under reporting an AUM figure for the last 6 months to the tune of $40 billion, wondering how I was going to explain it I couldn't just slip it in to conversation , thinking my professional indem insurance of a couple of million wouldn't really cover it

I wouldnt worry about the odd 40 Biliion - its not unknown for me to go through that over a weekend.

[BlasterBates]

Unfortantly it was a report used at board level hence my major crapping of pants. Turns out though I was right all along the issue wasn't my side but it was another application that was showing the wrong figure but they insisted they were right until I proved them otherwise.

Board level, so not really important. Some secretary will just kind of note that there must be some mistake, and then they move on to the next point on their agenda.

It's only a problem if your figure appears on the daily accounts, and then there will be a huge hoo-ha.

No no nothing to worry about, they'll probably have a bit of a snigger about it.

[BrilloPad]

All this time the world has been thinking that there was a credit-crunch and billions of pounds had been lost and it turns out that the money was there all along but you just left it off your report.

You'd better let the Bank of England know quick or they'll overdo the QE.

I remember a friend at HSBC in early 90s who miscalculated amount of IRSs they had. It went to the BoE and newspapers. Proves they will print any old nonsense.

[Gonzo]

One weekend recently I went home thinking I had been under reporting an AUM figure for the last 6 months to the tune of $40 billion, wondering how I was going to explain it I couldn't just slip it in to conversation , thinking my professional indem insurance of a couple of million wouldn't really cover it

Unfortantly it was a report used at board level hence my major crapping of pants. Turns out though I was right all along the issue wasn't my side but it was another application that was showing the wrong figure but they insisted they were right until I proved them otherwise.

All this time the world has been thinking that there was a credit-crunch and billions of pounds had been lost and it turns out that the money was there all along but you just left it off your report.

You'd better let the Bank of England know quick or they'll overdo the QE.

[Bumfluff]

I wouldn't worry, obviously it is one of those reports no one looks at. Just put in a fix and shove it in a release.

Unfortantly it was a report used at board level hence my major crapping of pants. Turns out though I was right all along the issue wasn't my side but it was another application that was showing the wrong figure but they insisted they were right until I proved them otherwise.

[ChimpMaster]

One weekend recently I went home thinking I had been under reporting an AUM figure for the last 6 months to the tune of $40 billion, wondering how I was going to explain it I couldn't just slip it in to conversation , thinking my professional indem insurance of a couple of million wouldn't really cover it

I wouldn't worry, obviously it is one of those reports no one looks at. Just put in a fix and shove it in a release.

Just ask the UK government for the $40bn, after all it's for a bank and they just love splashing out cash on banks.

[BlasterBates]

One weekend recently I went home thinking I had been under reporting an AUM figure for the last 6 months to the tune of $40 billion, wondering how I was going to explain it I couldn't just slip it in to conversation , thinking my professional indem insurance of a couple of million wouldn't really cover it

I wouldn't worry, obviously it is one of those reports no one looks at. Just put in a fix and shove it in a release.

[MPwannadecentincome]

apologies for my abbreviation, im constantly writing in acronyms and it seems to have translated to place names.

So "dozer" is an acronym for...?

[Bumfluff]

One weekend recently I went home thinking I had been under reporting an AUM figure for the last 6 months to the tune of $40 billion, wondering how I was going to explain it I couldn't just slip it in to conversation , thinking my professional indem insurance of a couple of million wouldn't really cover it

[MikeB]

If you are so interested why not drop your rate to get started?

to be honest I've never been particularly fussed about what sector I'm working in, more interested in what I'm doing rather than where. I guess IB rightly or wrongly just put more emphasis on prior business knowledge than technical experience.

[HairyArsedBloke]

Bloody pedant

Capital letter for a capital city. The rest of 'em can go hang.

Ironically you will find that many IBs use "LDN" in various server, application names etc. etc. that operate in or support - you guessed it - London business.

True, but you'll also find: L, LO, LON, LN.

[moorfield]

Ironically you will find that many IBs use "LDN" in various server, application names etc. etc. that operate in or support - you guessed it - London business.

[KentPhilip]

London

Bloody pedant

[HairyArsedBloke]

ldn?

Ah I know what you mean. Let me help you. Its

london

There. That wasn't too difficult was it?

London

[nomadd]

ldn?

Ah I know what you mean. Let me help you. Its

london

There. That wasn't too difficult was it?

Actually, it's "Larn-darn".

(Stroof, you arht-a-towners. Dhan't nah ah er say, nuffink, yooze dhant. )

Nomadd