Bank of America is said to be planning on canning half of its New York equity trading desk in the next 2-4 weeks.
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
boy you love the bad news bess. youre turning into the grim reaper.
@1- you’re a moron. wake up, dude.
@1- why dont you share with us what the good news is db should be reporting?
at 2 it’s an opinion. go fuck yourself.
@4/1- still waiting on whatever good news you think is coming out that db is supposedly neglecting in favor of the bad.
how about an article on some of the positives coming out of this debacle??Like the dismissing of overpaid ,under valuable, annoying cookie cutter, bad suit wearing kissing ass for a living lemming.
well one good news item. There is justice. You smug,narcissists are finally having there day. FUCK you guys. You and your schemes, laid the groundwork for this whole bloody mess.
Happy Holidays from BofA(ssrape)
the good news is you’re fired.
the bad news is you must buy my GS/MS puts back, today.
sorry.
-retail
Happy Thanksgiving from Bank of Arse.
8 is pissed because most severances are still worth more than 2 yrs of his hourly wages
Bofa has a new york equities trading desk? Who knew?
Will their ATMs still work?
THEY TOOK OUR JOBS!
8 – die hippy die
#12
you are probably right as well as proved #8′s point.
# 12 I MAKE MY OWN HOURLY WAGES DICKBAG AND WOULD LOVE TO COMPARE W-2 FORMS WITH YOU
I hope that 8 is an english teacher.
dickbag? is that an insult now? who knew? They must have that one in the same place they stored the location of the bofa equities trading desk.
# 8 although a lil rough around the edges, he or she has a very valid point.Wall street if filled with overly enthusiastic, overly caffienated and just basically over evrything tools. Be honest with yourselves. You may very well be the lil scumbag that I’m writing about. SUPERSIZE that please.
12 here, i’m not even in a bank i’m on the buy side
the point was that #8 is a hater and most likely a hater because he is simply jealous
@19
no, 8 is an Obama’s supporter
#20 what does PI stand for ? penil insertion??
25 it should be IP…
-not 20
@5 – what groups?
#8 here what does me supporting Obama have to do with anything??
“bring it douche bag… post your PI on the net”
didn’t LSO use that line in “Damn it feels good to be a banker”? ;)
@8 why such hostility? Do not be jealous of everyone else because they make more money than you. You should have applied yourself more in high school instead of goofing off and having to get your GED. If you are one of the many on the BOA janitorial staff then fear not, there are plenty of other buildings that need the men’s room’s cleaned.
Tim Sykes is long McCain.
# 30 feeding right into my theory of smug condescending cock-suckers. You have proven my poit ty dick-bag. And i checked that is an insult.
# 30 feeding right into my theory of smug condescending cock-suckers. You have proven my poit ty dick-bag. And i checked that is an insult.
#23 So how does that make you anymore useful to society? You’re all a bunch of insecure, money-grubbing douches whose self-worth = money you make. Yeah, that makes me so “jealous” I want to choke myself.
not #8
@18 Box 3 doesn’t count
Does anyone have any news about how things at JPM are? I’m a candidate for a job there…
get used to being underemployed … I have an MFA from Bard Colleege and I manage a Starbucks..
Settle down ladies…
@37 – Funniest thing I’ve read all day.
@ 32/33. This just proves my intellectual superiority. First of all it’s point, not “poit”, which is not even a word in the English language and posting twice is the sign of an insecure human.
you are all losers..i was laid off at ML and was the best thing that happened to me. Life is simple.. earn money, save money, pay cash, and live below your means. I can go 3.5yrs without working and still not have to lower my standard of living ! In fact I just bought 2 new cars with cash
# 34 YOU HIT IT ON THE HEAD.
# 34 YOU HIT IT ON THE HEAD.
It’s a fricken bloodbath. We’re all going to be selling pencils and apples.
http://www.ignites.com/articles/20081027/allianz_pimco_distribution_chief_resigns
http://www.ignites.com/people/feature/20081027/pink_slips_ready_fidelity_sources
Btw… Is this a site for grownups or Youtube? What’s the collective age here 15?
I am a hedge fund manager. What is “Bard College?”
Isn’t Bard a LA school for Shakespeare?
at 41 stop lying. Why would you buy 2 cars with cash you’re a fucking lying fool.
@47/31
MFA= Master of Fine Arts, Bard College is in New York State
@31 that MFA is not doing you much good since you can’t spell College right. I wouldn’t coount on having that job at S-bucks much longer
I’m a hedge fund manager… what’s a carry trade?
#37
Unbelievably you’ve managed to snatch the award for the biggest douche. I thought it was a done deal as well.
@41, two new dinky toys, one of which ended up – oops- behind your contractor..
Funny how everyone makes fun of BOFA, meanwhile BSC, LEH and MER are all gone. BOFA will absolutely own thse street, if you know anything about this business you will realize that. They have more cash at their fingertips than god.
@52 – WHOOT!
@52
Yea, but it’s BOFA. You’ll never bag a model telling them you work at BOFA.
53 – whoot guy or whatever, you are so backoffice…
@34
Did bankers taunt you and your friends on the customer service blog after you were outsourced to India?
I doubt it…
You wouldn’t be commenting unless you had jealousy fueled resentment towards those who work in finance.
-23
@18 is ALLCAPS from Wharton.
@54-funniest thing I’ve read all day. That poses the question: what do you tell models? You can’t say you do investment banking. I mean, they’re dumb, but not that dumb, right? Two, do you now say you work for BOFA or C, or any other commercial banks? Does that play now? Or do you just say, MER, BSC, LEH, (soon to be GS) and hope it flys?
@13, Bear Stearns and Lehman collapsed? Who knew? Read the fucking news moron, BofA will soon own ML and will lay you off.
@51, that makes no sense “oops behind your contractor” what the hell does that mean…
@37
Heard ‘bucks managers jobs were only going to tier 1 alumni – though good news for BARD, they do have openings for barristas.
@57
I would tell them you work in import/export.
Tell them you can get them some really cheap Pashmina scarfs.
@54 im sure you bag tons of medels, maybe in Bayonne after you are done doing your back office job. Back to work Tony….
To the various d-bags who’ve somehow found their way over here from yahoo finance (etc):
Most people who work on wall street aren’t the stereotypical asshat that LSO would have you believe.
Sorry to burst your bubble.
@54 im sure you bag tons of medels, maybe in Bayonne after you are done doing your back office job. Back to work Tony….
@37
Heard ‘bucks managers jobs were only going to tier 1 alumni – though good news for BARD, they do have openings for barristas.
@52, 53:
My friend’s retarded, in-bred half-cousin is looking to take-private a Sbarro in the Bronx. Care to underwrite?
#59 in your ass, that means, out of reach…
@62 & @64
When you tell folks you work at BOFA what do you think their next thought is?
A) Wow, this guy must be a player.
or
B) Oh I just got a pre-approved credit card offer from them that I threw in the trash.
@64:
What the fuck is Bayonne? How is it that a ‘buyside’ baller such as yourself even knows where the back office ghettos are?
@68, or:
C) This guy works for one of the surviving banks, I better ask him to pass my resume
@69, because these are the same tools that work or me. They are all from Staten Island or brooklyn and are guido-fabulous.
Is Bank of CountryLynch/MerrillWide going to change their name to something more British and wealthy, old school, sounding? J.T. Marlin? Brooks Brothers & Brown? Baily, Brooks, and Bidle? The Old Mutual Skooner? What about CitiSachs? When they get together, is Citi a thing of the past?
@71
You must be a fantastic manager if you call your staff tools.
@ 57 you dick bag.
@ 57 you dick bag.
@71:
That’s funny – our back office droids were told to avoid eye contact at all times and email only if a fire broke out in their cage
Btw, what the fuck is Staten Island or Brooklyn?
@76…awww, did somebody lose on speculating in Florida or Las Vegas when the “pros” said it was a can’t miss? Didn’t factor all the variables in your can’t miss financial model? Hahah-you’re a moron.
the same back office come backs. Nothing outstanding. And what is the caps wharton thing supposed to be?ty for explaining.
shouldn’t some of you “front-office-cats” or “rainmaker-minor-leaguers” be lunching with clients? something tells me everyone on the DB boards is a back-office Bayonnette.
-not in finance.
@77
You’re a programmer aren’t you?
@80:
Apparently, since you’re “not in finance”, you don’t understand how this works so let me clear it up for you. As private equity professionals, we Are the clients. Corporates, bankers, consultants (and further down the food chain, lawyers and accountants) work for Us. Sure we ultimately answer to our LPs, but we have an entire department dedicated to that purpose (aptly named, “Investor Relations”). We do enjoy being taken to Le Cirque or Michael’s for a nice power lunch but, as I’m sure you’ve heard over NPR or read in the Washington Post or whatever it is those of you not in finance use for news, our advisor friends are feeling the pinch. So we order sushi.
Better?
@81:
Nope :-)
Im a fantastic manager @73 you know why??
CAUSE I DONT MAKE MONEY, I PRINT IT.
They know to stay out of my way during trading hours. They also know they are tools who all graduated from Canarsie High. We all have our lot in life. Yours apparently is to be a knob.
#83 A smiley? Really?
Stay the fuck from from DB…you are ruining the fucking ambience.
@82…didn’t realize that everyone on these boards is a Private Equity professional. I’m thinking yours was a bad answer to a rather simple question.
Le Cirque and Michael’s….oh, you must have recently received your Zagat’s for 2009, way to restaurant name-drop…
@84
Yup. You must raking it in while you piss away the day reading DB. I believe you.
84 riiiight
these comments are yet another indicator of how DB gets gayer every day
@85:
I believe my presence (and that of my smiley) is serving to improve the ambience, unless you enjoy wallowing in self-pity and remorse? Try not to get any of your failure on those of us who are doing well.
@86:
Now you know. And I will thank you kindly to leave the thinking to the professionals.
BofA already owns Wall Street and will run it for the foreseeable future. Get used to it.
Hello, I am a private equity MD/partner. What is this Bee of A that you speak of?
@90/Tau…I think even the actual PE and other Finance Professionals will agree that you are a douche. I’m sure you’re an intelligent, well-educated young man, but your overall demeanor leaves much to be desired. Think about that, professional emoticoner.
@93:
I appreciate the compliments, but it would appear the satire has been lost on you.
*shrug*
Sorry you’re a tad slow on the uptake.
@all
can you all stfu with these inane comments and get back to carney-era comments? fuck i miss mr mayo and shamwow
Speaking of Carney, doesn’t he kick for the NY Football Giants?
@91–thats the funniest thing I heard in weeks.
@95
Seriously. There wasn’t even a “too long, didn’t read”.
Where did all these commenters come from? There are more spelling mistakes and gramatical errors here than in one of Carney’s stories.
@ 82 Tau, as usual you have it wrong. What is this “we” stuff. Do not include me in your gang of moronic, know nothing, psuedo-intellectual investment bankers who couldn’t even balance a check book, more or less a corporate balance sheet.
Thank you @99. As I expected and stated in post 93, most actual professionals would find this guy to be a d-bag.
@92, this is the same Bee of A that refused to extend your portfolio company re-financing, thus resulting in your fund’s poor performance since your company then had to default like a NINJA mortgage borrower.
EPIC FAIL!
whatever happened to the good insults like bag of smashed assholes or meet my midget?
@99:
By no means do I purport to include You in any reference I make to “we”.
“We” do not mingle with the help.
And what do you mean by “more or less a corporate balance sheet”? Perhaps you would like to revisit your insult. Alternatively, I would be happy to provide you with a markup.
Thx
@ 103 what I am saying is that I think you would enjoy spending time Mr. Clay Aiken.
@104:
I doubt it. I hear he is talented but I was never a big fan of adult contemporary. Interesting choice though, did you come across him recently at a prgy?
Any more information on the BofA layoffs? Is trading expected to be hit the worst, or should we expect even worse for bankers and research analysts?
PRGY – Still not a single comment that adds to the discourse. Please go back to the AOL boards.
POST ONE COMMENT THAT ADDS VALUE AND I WON’T CALL YOU OUT FOR SUCKING UNTIL NEXT MONDAY.
@ 107, contrary to what you say or might think, my comments are what makes Deal Breaker special. Please don’t hate me because I am your intellectual superior.
@tau
“did you come across him recently at a prgy?”
WIN!
Hey bois…want to partay
Hey bois…want to partay
What equity trading desk?? I hope you Ivy League fukers get all fired. You guys thought you were the Masters of the Universe…but now you realize your true self, Masters of Cockroaches. Have a nice life looking for a job that doesn’t exist. Too bad you have zero skills in the real world to get a real job. Better tell your wife to sell her Channel bag…and take your kids out of private school and back to public. Hahaha..I love it!!!! Payback is a bitch!
@112
I hope you get raped by a Polar Bear.
SHAMWOW!
I’m still trying to figure out how any person who works on wall street could support Obama??
I mean you people understand the basic concept that stocks predict 6 to 12 months out, right? The only unbreakable rule.
Soros cleaned up on you retards.
Guys, I will take the over under that Tau is a Douche, no doubt about it, but not in the way you think…
I am reminded of the scene
Vizzini: HE DIDN’T FALL? INCONCEIVABLE.
Inigo Montoya: You keep using that word. I do not think it means what you think it means.
~SEG
The amused…
@115:
I just googled “Inigo Montoya” and it would appear that your quote originates from something called “The Princess Bride”.
You, my fairy friend, give equity guys a bad name.
And what is a trader doing up at 2AM? Unless you’re a regional…
ugh
@113 Phobos – I just spit coffee on my screen. Funny shite! SHAMWOW!
Tau, you brutish Quant, have nailed my existence. I am in fact on the wrong coast…
Worse, I am a stupid equity piker… and then to drive the stake into my chances in life, I am not even connected…
I am sure that if you saw me in person you would be thinking that I should be polishing your chrome…
I am in fact one of those damned American mavericks… I am the proverbial mustang horse at an Arabian distance race…
~SEG
Also hearing that more than half of equity research analysts will be laid off over next 2-4 weeks as well.
@118:
Natch
@118–calm down , you sound like a homosexual looking for a backroom handjob. Oh wait, you probably do that yourself and figure you saved the cost of 2 beers and a token from your fellow fags.
@119
Any chance you’d care to elaborate? My source gave me a number much smaller than “more than half” for research.