Reply to: Grim scenes in London

[Lockhouse]

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

[OwlHoot]

Labour and the left wing will be so very pleased.

So will the brolly and bowler manufacturers.

[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

[RasputinDude]

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

Labour and the left wing will be so very pleased.

[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.

[aceboy]

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

iirc HSBC

[vetran]

Outside the offices, a recruitment consultant hovered in the hope of catching bankers on their way out. "I'm probably being slightly predatory," he admitted. "But I do genuinely want to try and find these people jobs.

Go Dodgy Go!!!

[eek]

Edited

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

[aceboy]

Unlike SOME banks we don't ask for taxpayer support ... nor do we need it

Edited

[AtW]

Just like SkA losing money the good old fashioned way.

Unlike banks we don't ask for taxpayer support ... nor do we need it

[minestrone]

Good - perhaps that would force banks to earn money the old fashioned way.

Just like SkA losing money the good old fashioned way.

[minestrone]

Yup this is more than a few sackings, this is a major clearout. Effectively they're shutting down a major part of the investment bank, and there's no where to go to...

what about....Tesco?

Tesco bank hire IT contractors in Edinburgh, retail banking work though... the poorer cousin.

[AtW]

Effectively they're shutting down a major part of the investment bank, and there's no where to go to...

Good - perhaps that would force banks to earn money the old fashioned way.

[bless 'em all]

Yup this is more than a few sackings, this is a major clearout. Effectively they're shutting down a major part of the investment bank, and there's no where to go to...

what about....Tesco?

Tesco bank or "Cleaner to Aisle 7!"?

[BlasterBates]

Yup this is more than a few sackings, this is a major clearout. Effectively they're shutting down a major part of the investment bank, and there's no where to go to...

what about....Tesco?