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Reply to: Grim scenes in London
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Previously on "Grim scenes in London"
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The changes in IB at the moment are structural not cyclical. There's no going back to how it used to be.
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Originally posted by BlasterBates View Post
Looks like banking is heading back to the 1970's.
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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.
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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.
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Originally posted by AtW View PostGood - perhaps that would force banks to earn money the old fashioned way.
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Originally posted by BlasterBates View PostYup 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?
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Originally posted by BlasterBates View PostYup 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?
Leave a comment:
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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?
Leave a comment:
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