Reply to: The official "Bloodbath in the City... doomed!" thread

[OwlHoot]

I've earned a lot of money over recent years cleaing up messes - HSBC's global money laundering, Virgin Money picking the bones of Northern Rock, Citi having to sell off its retail loan portfolios and Deutsche itself - toxic mortgages.

Banks over the last 20 years have made very pedestrian profits if you factor out all the wild gambling and consequent bale outs but we consultants don't make money off business-as-usual. We thrive on ebb and flow, rise and fall. The last thing we want is the likes of Deutsche to tick over like a swiss watch. It's about building and demolishing. Architects and demolition experts get paid a lot more than janitors and window cleaners.

Nicely put, and very true.

[Dallas]

Rent, legal fees, fines, IT projects that go boom and us - easy!

[_V_]

Doom at RBS

RBS Investment Bank's Loss Almost Doubles Amid Overhaul - Bloomberg Business

HTF can these banks lose money? Surely they can borrow it from central banks at negative interest rates and then buy a few London properties in Mayfair? Easy double your money, rinse and repeat.

[BlasterBates]

Doom at RBS

RBS Investment Bank's Loss Almost Doubles Amid Overhaul - Bloomberg Business

[FatLazyContractor]

[alphadog]

More doom over at HSBC

HSBC cuts IT contractor pay rates :: Contractor UK

[Cirrus]

I've earned a lot of money over recent years cleaing up messes - HSBC's global money laundering, Virgin Money picking the bones of Northern Rock, Citi having to sell off its retail loan portfolios and Deutsche itself - toxic mortgages.

Banks over the last 20 years have made very pedestrian profits if you factor out all the wild gambling and consequent bale outs but we consultants don't make money off business-as-usual. We thrive on ebb and flow, rise and fall. The last thing we want is the likes of Deutsche to tick over like a swiss watch. It's about building and demolishing. Architects and demolition experts get paid a lot more than janitors and window cleaners.

[suityou01]

Yes.

Read all about it, read all about it ...

http://www.ft.com/cms/s/0/c8f8e29c-6...#axzz3q2ALopOl

[AtW]

Don't worry. It's just the economy re-balancing away from profits.

FTFY

[AtW]

You read the papers, right?

Yes.

[suityou01]

When will that be?

You read the papers, right?

[tomtomagain]

Don't worry. It's just the economy re-balancing away from finance.

It's a good thing.

[AtW]

When Greece defaults

When will that be?

[Dallas]

They can't shift anyone in Germany though, they have a history Of laid off workers heading for the train lines and jumping.

I was there 3 years on several programmes, they were good to me but it is very American cultured.

[suityou01]

When Greece defaults that should about be the end of DB. Won't take much more.

AtW, do you think this is a reaction to the VW scandal?