Banks plead for guidance on bonuses set to total £7bn - Telegraph
Seems like they've got too much money problems.
Seems like they've got too much money problems.
-
-
I'm not surprised they're confused, but I don't think the govt have got any coherent answers for them either.
If they're not allowed to pay it as bonuses, they'll find some way of paying it as salary. Bonuses are all about retention, banks believe they'll lose their decent staff if they don't pay them."A life, Jimmy, you know what that is? It’s the s*** that happens while you’re waiting for moments that never come." -- Lester Freamon -
It would be much safer for world economy if investment banks as they are now will shut down completely.Originally posted by Freamon View PostComment
-
Maybe the prop desk side, but that's going to be severely limited by upcoming regulations anyway. M&A bucket shop / pirate equity side of things we could happily lose as well IMO.Originally posted by AtW View Post
True investment banking services OTOH are pretty necessary for businesses to raise capital to spend on new projects (employing IT contractors amongst other things)."A life, Jimmy, you know what that is? It’s the s*** that happens while you’re waiting for moments that never come." -- Lester FreamonComment
-
One thing is for sure; they won’t be spending on there own dodgy investment packages"A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
-
A few investment banks, and hedge funds set up by ex investment-bankers, have started to buy up dodgy MBS. However they've bought them because of explicit/implicit government underwriting, or in the case of Bill Gross, apparently bought them with the strategy of forcing the originating banks to take back the dodgy loans that are being thrown up by the foreclosure robosigning scandals. Could be a massive win if it works.Originally posted by Paddy View Post"A life, Jimmy, you know what that is? It’s the s*** that happens while you’re waiting for moments that never come." -- Lester FreamonComment
Comment