More blood curdling news from the City

[BlasterBates]

Big job cull in the offing:

'At some firms the second round of job cuts will come in waves. In others it will feel more like a tsunami. It's going to get very ugly out there in the next few weeks'.

Top Firm Said To Be Planning 2nd Wave Of Job Cuts - HereIsTheCity.com

This should however alleviate the overcrowding in some offices.

[Paddy]

Big job cull in the offing:



Top Firm Said To Be Planning 2nd Wave Of Job Cuts - HereIsTheCity.com

This should however alleviate the overcrowding in some offices.

There is enough in the pot for management bonuses. Its GS showing government who is boss.

A bit like the mafia killing one of their own in order to show rival gangs that they are not afraid to kill anyone.

[AtW]

"Goldman Sachs has been busy reviewing the numbers and decided that it needs to cut back further on expenses"

But I thought they were running the world, not Governments, what gives?!?!

[Jeff Maginty]

..

[Paddy]

Nobody in the banking industry in the UK should be getting a bonus until every penny of taxpayer's money has been repaid. They should also be made to pay extra money as compensation for all of the trouble and negative effects they have caused. Bankers generally are far too big for their boots and need cutting down to size.

A better bonus for them would be