“We’re told that Bearpont Morgan Chase is moving over a third (50/133) of its incoming IBD class over to the commercial bank. Apparently HR has been telling the demoted that their sentence will last one year, at which time they’ll (hopefully) be brought back over to IBD.”
-(Not Quite) Layoffs (But Considered By Some To Be [...]
“Why are the girls flocking? It’s Bonus Season, and the numbers are looking good. The average on The Street is around ~50-55K. Blackstone Group leads the group at 60k with Bank of America IBD rounding up the pack at ~$200.00 CAD (up 30% from last year).”
-Bonus Season, The Leveraged Sellout (note: these refer to 2005 [...]
The reality is no one knows what’s going on. Neither the CEOs of the companies, the Fed, nor any of the Managing Directors know what’s going to happen.
Will people be fired? Yes. But no one knows how many, who, or when, and anyone else saying otherwise is simply spreading false rumors.
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