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30-10-2007, 06:32 PM
| | Registered User | | Join Date: Oct 2007
Posts: 14
| | | Lay offs at Merrill?
I hear there are going to be layoffs at merrill because of the poor q3 results.
Is that true?
anyone work at merrill? what is the mood like?? | |
30-10-2007, 06:52 PM
|  | Registered User | | Join Date: May 2007
Posts: 259
| | | i dunno about that but Bear Stearns is laying off people
Bear Stearns has cut 300 jobs to reduce costs, as the fifth-largest US investment bank continues to deal with the summer's credit turmoil that swept through Wall Street. | |
30-10-2007, 07:12 PM
|  | Registered User | | Join Date: Oct 2005 Age: 36
Posts: 2,842
| | | Yup its going to happen indeed according to the press here in the u.k. | |
30-10-2007, 08:43 PM
| | Registered User | | Join Date: Dec 2006
Posts: 92
| | | and any market player would know that this is only a beginning - the credit turmoil has only so far shown a tip of the iceberg - banks are still to mark to market their credit portfolio and it will hurt one after the other until a weaker one goes under, triggering another wave of default and systemic risk - Hang seng at 30,000 is a joke considering the current circunstances - pocket the money while you can and sit tight with your cash. | |
30-10-2007, 08:43 PM
| | Registered User | | Join Date: Nov 2006
Posts: 41
| | | ?
cuts in asia ?.....i doubt will be over the top in these parts...although i hear boa handed out some pink slips today ( in asia).....
" whats the mood like " ....hey! like yeah we just wrote off 20 % of our equity ....we are looking like another 2 bn of reassessed losses sooner than later ..we just approached WACHOVIA of all pple ....what the F do you think the moods gonna be like ? | |
30-10-2007, 09:57 PM
| | Registered User | | Join Date: Aug 2007 Age: 30
Posts: 4
| | | yes i'm not banking on anywhere near the same level of bonus as last year, lets be realistic. all ib's have been effected more or less, but not goldmans... | |
30-10-2007, 11:18 PM
|  | Registered User | | Join Date: Apr 2004 Location: hong kong Age: 54
Posts: 1,335
| | | I see they started at the top . Merrills CEO got his pink slip this morning. | |
31-10-2007, 12:42 PM
| | Registered User | | Join Date: Oct 2007
Posts: 14
| | | yeah,i heard goldman bet against the sub-prime mess - those smart f'ers.
they must be one of the only i-banks that posted yoy profit growth in q3. how do they do it??
so merrill ppl.... do you think there'll be layoffs or just low bonuses. are people looking to leave? is the mood that crap? | |
31-10-2007, 12:48 PM
|  | Resident Peacekeeper | | Join Date: Apr 2003 Location: Pokfulam Age: 40
Posts: 10,759
| | | >> how do they do it??
Arent they a lot more conservative than the rest?
Dunno .. why would you bet on anything that is "sub" ... what next "sub-standard meat" ... | |
31-10-2007, 01:07 PM
| | Registered User | | Join Date: Jan 2007
Posts: 40
| | | Merrills
Goldman - conservative? Er no. They are effectively a hedge fund masquerading as an I Bank who no longer trade for clients but on a purely Prop basis. They seem to be one step ahead of the competition - how they do that is another question and I don't believe it is wholly to do with the people working there. | | Tools | Search | | | | | Rate This Thread | | | All times are GMT +8. The time now is 02:54 PM. | |
