• 04 Aug 2010 at 9:55 AM

JPMorgan Wasn’t Just Kidding When It Told Traders To Leave Building, Not Come Back

By

As previously mentioned, JPMorgan began “swinging the ax on prop traders, starting with energy group,” which cut about 40 heads, two weeks ago. In case there was any doubt– sometimes employers like to play elaborate practical jokes on people–, today the Journal confirms those firings.

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    Posted by Anonymous | August 4, 2010 at 10:50 AM

    I don’t get it, what is a property trader? Is it like a Real Estate agent?

    -Guy who heard about this site from a friend on Yahoo Finance and thinks Jim Cramer is a really smart guy

  2. 2
    Posted by Anonymous | August 4, 2010 at 11:09 AM

    Firing’s or layoff’s?

  3. 3
    Posted by Anonymous | August 4, 2010 at 11:26 AM

    @1 Alternatively you could sign your post as follows:
    “- Guy who is really not very funny”

  4. 4
    Posted by guest | August 4, 2010 at 11:28 AM

    posted on DealBreaker = entered into the public domain?

  5. 5
    Posted by Anonymous | August 4, 2010 at 12:13 PM

    Well we know 1 of those 40 released the confrence call.

  6. 6
    Posted by Guest | August 4, 2010 at 12:15 PM

    Didn’t they just get that pep talk yesterday?

  7. 7
    Posted by Anonymous | August 4, 2010 at 12:46 PM

    @4 or at the very least, posted on dealbreaker = you should be embarrassed to work at one of the biggest newspapers in the world and “break” the story two weeks later?

  8. 8
    Posted by Anonymous | August 4, 2010 at 1:57 PM

    Bess, any follow up on the CS prop rumors? B Jain’s crew…

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