Opening Bell: 11.05.10

By

RBS Faces `Long, Hard Slog’ as Hester Forecasts Reduced Loss (Bloomberg)
The loss for the year will be “nominal,” Chief Executive Officer Stephen Hester, 49, said on a conference call with journalists today, following a 3.6 billion-pound ($5.8 billion) loss in 2009. The third quarter net loss narrowed by 36 percent to 1.15 billion pounds from 1.8 billion pounds in the year- earlier period as impairments fell, RBS said in a statement…“There are inevitably clouds still out there on the horizon,” Hester said. “We still have our raincoats on.”

HSBC Profit Growth Slows, Sees ‘Bumps in the Road‘ (Bloomberg)
“Our latest data from emerging markets points to a slowdown in the rate of recovery and the likelihood of some bumps in the road ahead,” Chief Executive Officer Michael Geoghegan said in the statement. “We believe the long-term fundamentals for emerging economies are as compelling as ever.”

German Finance Minister: US Policy ‘Clueless’ (Reuters)
“With all due respect, U.S. policy is clueless,” Wolfgang Schaeuble said at a conference.

AIG Posts $2.4 Billion Loss (AP)
AIG lost $2.4 billion, or $17.62 per share, compared with earnings of $92 million, or 68 cents per share, a year ago.

Representative Bachus Warns Geithner On Volcker Rule (Reuters)
“If the Volcker Rule’s prohibitions are expansively interpreted and rigidly implemented against U.S. institutions while other nations refuse to adopt them, the damage to U.S. competitiveness and job creation could be substantial,” Bachus wrote in the November 3 letter to Treasury Secretary Timothy Geithner and other top regulators.

GM Touts Its Profit Potential In IPO Pitch (WSJ)
GM tells investors the company can generate $11 billion to $13 billion in annual pretax profit and profit margins of 7% to 8% as the North American auto market recovers, according to a video in the presentation by Chief Financial Officer Chris Liddell that was available Thursday on a website used by underwriters to distribute IPO information. Mr. Liddell says GM should be able to hit those targets as the industry moves up from the trough of 2009. When the car market is at its strongest, he says, GM will be capable of delivering pretax annual profit of $17 billion to $19 billion, with profit margins of 9% to 10%.

Octogenarian Finds Copper With China as Biggest Customer (Bloomberg)
In the snake-infested jungle of southeastern Ecuador, the American explorer David Lowell found himself sliding over a waterfall and heard his head bounce off a rock “like a melon being hit by a hammer,” he says. Lowell was 72 and prospecting for copper that day in May 2000. He stepped into the slippery streambed for a vantage point free of vipers and vines. A broken rib and throbbing head diverted him to a nearby hamlet in search of help. “There was one man in the village who was a combination chiropractor and mortician,” Lowell says. “We decided to just buy a little tin of liniment with the picture of a dragon on it.” The expedition carried on. In the clear water of the stream, Lowell saw enough to help him find one of South America’s richest copper deposits. This May, a joint venture of Chinese state-owned companies paid $652 million to buy Lowell’s partner in the exploration, Vancouver- based Corriente Resources Inc. Lowell kept a stake there for himself, though local opposition has prevented mining. In a career spanning six decades and 44 countries, Lowell has made 14 major discoveries, including the world’s largest copper deposit in Chile. He found treasures where others detected nothing worth mining. Lowell revolutionized exploration and unearthed metals that helped the U.S. build the world’s largest economy. He also made investors billions.

BlackRock Fund To Finance, Securitize US Mortgages (Reuters)
The $1 billion BlackRock Mortgage Investors Fund will provide capital for prime “jumbo” loans through lenders under strict underwriting guidelines, said Randy Robertson, a managing director and co-head of securitized products.

FrontPoint Cautioned Manager On Trades (WSJ)
FrontPoint Partners manager Joseph F. “Chip” Skowron, who has been put on leave pending the outcome of an insider-trading investigation concerning a biotechnology stock, was warned by supervisors about trading other securities he or others on his team discussed with a network of health-care advisers, said people familiar with the matter.

Spoonachos Are The Holy Grail Of Chips (Gizmodo)
Dare to dream.

Volcker: Future Inflation Risk Limits Easing Effect (Reuters)
Volcker told reporters after a lecture in Seoul that short-term U.S. interest rates had almost no room to go down further, while long-term bond prices were under pressure from increasing concern about future inflation.

‘Pay To Play’ Guilty Plea Expected (WSJ)
Henry “Hank” Morris, who was an adviser to former New York Comptroller Alan Hevesi, was accused by the state’s attorney general, Andrew Cuomo, in March 2009 of taking kickbacks disguised as “placement” fees in exchange for arranging business for investment firms from New York’s $125 billion Common Retirement Fund, one of country’s largest public pension funds. [He] has agreed to plead guilty to a felony in the long-running corruption investigation, people familiar with the situation said.

Banks Face $31 Billion Loss on Mortgage Buybacks (NYT)
So sayeth Standard & Poor’s.

HSBC Says British Remuneration Rules Hurt Hiring (Dealbook)
HSBC finds it increasingly difficult to compete for talent with banks from the United States and local rivals in Asia, Stuart T. Gulliver, chief executive of HSBC’s investment banking business, said Friday. “We’re competing against the local banks and against the American banks, which are not subject to the same remuneration rules, which means we simply can’t pay what these guys are paying,” Mr. Gulliver, who is set to take over as chief executive of HSBC this year, said on a media call about the banks’ third-quarter earnings.

    Sign up for the Dealbreaker newsletter

    Subscribe to our free daily email and get breaking news, financial headlines, commentary, and analysis from Dealbreaker.

    — Advertisement —

    Comments (240)

    Newer Comments
    Older Comments
    1. 1
      Posted by Bonersostrongitwokeuptheeditor | November 5, 2010 at 12:04 PM

      07:48 Wow.

    2. 2
      Posted by Bonersostrongitwokeuptheeditor | November 5, 2010 at 12:04 PM

      07:48 Wow.

    3. 3
      Posted by Bonersostrongitwokeuptheeditor | November 5, 2010 at 12:04 PM

      07:48 Wow.

    4. 4
      Posted by Bonersostrongitwokeuptheeditor | November 5, 2010 at 12:04 PM

      07:48 Wow.

    5. 5
      Posted by Bonersostrongitwokeuptheeditor | November 5, 2010 at 12:04 PM

      07:48 Wow.

    6. 6
      Posted by Bonersostrongitwokeuptheeditor | November 5, 2010 at 12:04 PM

      07:48 Wow.

    7. 7
      Posted by Bonersostrongitwokeuptheeditor | November 5, 2010 at 12:04 PM

      07:48 Wow.

    8. 8
      Posted by Bonersostrongitwokeuptheeditor | November 5, 2010 at 12:04 PM

      07:48 Wow.

    9. 9
      Posted by Bonersostrongitwokeuptheeditor | November 5, 2010 at 12:04 PM

      07:48 Wow.

    10. 10
      Posted by Bonersostrongitwokeuptheeditor | November 5, 2010 at 12:04 PM

      07:48 Wow.

    11. 11
      Posted by Bonersostrongitwokeuptheeditor | November 5, 2010 at 12:04 PM

      07:48 Wow.

    12. 12
      Posted by Bonersostrongitwokeuptheeditor | November 5, 2010 at 12:04 PM

      07:48 Wow.

    13. 13
      Posted by Bonersostrongitwokeuptheeditor | November 5, 2010 at 12:04 PM

      07:48 Wow.

    14. 14
      Posted by Bonersostrongitwokeuptheeditor | November 5, 2010 at 12:04 PM

      07:48 Wow.

    15. 15
      Posted by Bonersostrongitwokeuptheeditor | November 5, 2010 at 12:04 PM

      07:48 Wow.

    16. 16
      Posted by Bonersostrongitwokeuptheeditor | November 5, 2010 at 12:04 PM

      07:48 Wow.

    17. 17
      Posted by Guest | November 5, 2010 at 12:12 PM

      uselessdouchesayswhat?

    18. 18
      Posted by Guest | November 5, 2010 at 12:12 PM

      uselessdouchesayswhat?

    19. 19
      Posted by Guest | November 5, 2010 at 12:12 PM

      uselessdouchesayswhat?

    20. 20
      Posted by Guest | November 5, 2010 at 12:12 PM

      uselessdouchesayswhat?

    21. 21
      Posted by Guest | November 5, 2010 at 12:12 PM

      uselessdouchesayswhat?

    22. 22
      Posted by Guest | November 5, 2010 at 12:12 PM

      uselessdouchesayswhat?

    23. 23
      Posted by Guest | November 5, 2010 at 12:12 PM

      uselessdouchesayswhat?

    24. 24
      Posted by Guest | November 5, 2010 at 12:12 PM

      uselessdouchesayswhat?

    25. 25
      Posted by Guest | November 5, 2010 at 12:12 PM

      uselessdouchesayswhat?

    26. 26
      Posted by Guest | November 5, 2010 at 12:12 PM

      uselessdouchesayswhat?

    27. 27
      Posted by Guest | November 5, 2010 at 12:12 PM

      uselessdouchesayswhat?

    28. 28
      Posted by Guest | November 5, 2010 at 12:12 PM

      uselessdouchesayswhat?

    29. 29
      Posted by Guest | November 5, 2010 at 12:12 PM

      uselessdouchesayswhat?

    30. 30
      Posted by Guest | November 5, 2010 at 12:12 PM

      uselessdouchesayswhat?

    31. 31
      Posted by Guest | November 5, 2010 at 12:12 PM

      uselessdouchesayswhat?

    32. 32
      Posted by ncvbanker | November 5, 2010 at 12:12 PM

      Loving the early OB Bess.

    33. 33
      Posted by ncvbanker | November 5, 2010 at 12:12 PM

      Loving the early OB Bess.

    34. 34
      Posted by Guest | November 5, 2010 at 12:12 PM

      uselessdouchesayswhat?

    35. 35
      Posted by Guest | November 5, 2010 at 12:12 PM

      uselessdouchesayswhat?

    36. 36
      Posted by ncvbanker | November 5, 2010 at 12:12 PM

      Loving the early OB Bess.

    37. 37
      Posted by ncvbanker | November 5, 2010 at 12:12 PM

      Loving the early OB Bess.

    38. 38
      Posted by ncvbanker | November 5, 2010 at 12:12 PM

      Loving the early OB Bess.

    39. 39
      Posted by ncvbanker | November 5, 2010 at 12:12 PM

      Loving the early OB Bess.

    40. 40
      Posted by ncvbanker | November 5, 2010 at 12:12 PM

      Loving the early OB Bess.

    41. 41
      Posted by ncvbanker | November 5, 2010 at 12:12 PM

      Loving the early OB Bess.

    42. 42
      Posted by ncvbanker | November 5, 2010 at 12:12 PM

      Loving the early OB Bess.

    43. 43
      Posted by ncvbanker | November 5, 2010 at 12:12 PM

      Loving the early OB Bess.

    44. 44
      Posted by ncvbanker | November 5, 2010 at 12:12 PM

      Loving the early OB Bess.

    45. 45
      Posted by ncvbanker | November 5, 2010 at 12:12 PM

      Loving the early OB Bess.

    46. 46
      Posted by ncvbanker | November 5, 2010 at 12:12 PM

      Loving the early OB Bess.

    47. 47
      Posted by Anon | November 5, 2010 at 12:14 PM

      LOL at the worthless commenters who freak the fuck out if the opening bell is up at, gasp, 9, and then bitch when it’s up earlier.

    48. 48
      Posted by Anon | November 5, 2010 at 12:14 PM

      LOL at the worthless commenters who freak the fuck out if the opening bell is up at, gasp, 9, and then bitch when it’s up earlier.

    49. 49
      Posted by Anon | November 5, 2010 at 12:14 PM

      LOL at the worthless commenters who freak the fuck out if the opening bell is up at, gasp, 9, and then bitch when it’s up earlier.

    50. 50
      Posted by Anon | November 5, 2010 at 12:14 PM

      LOL at the worthless commenters who freak the fuck out if the opening bell is up at, gasp, 9, and then bitch when it’s up earlier.

    51. 51
      Posted by Anon | November 5, 2010 at 12:14 PM

      LOL at the worthless commenters who freak the fuck out if the opening bell is up at, gasp, 9, and then bitch when it’s up earlier.

    52. 52
      Posted by Anon | November 5, 2010 at 12:14 PM

      LOL at the worthless commenters who freak the fuck out if the opening bell is up at, gasp, 9, and then bitch when it’s up earlier.

    53. 53
      Posted by Anon | November 5, 2010 at 12:14 PM

      LOL at the worthless commenters who freak the fuck out if the opening bell is up at, gasp, 9, and then bitch when it’s up earlier.

    54. 54
      Posted by Anon | November 5, 2010 at 12:14 PM

      LOL at the worthless commenters who freak the fuck out if the opening bell is up at, gasp, 9, and then bitch when it’s up earlier.

    55. 55
      Posted by Anon | November 5, 2010 at 12:14 PM

      LOL at the worthless commenters who freak the fuck out if the opening bell is up at, gasp, 9, and then bitch when it’s up earlier.

    56. 56
      Posted by Anon | November 5, 2010 at 12:14 PM

      LOL at the worthless commenters who freak the fuck out if the opening bell is up at, gasp, 9, and then bitch when it’s up earlier.

    57. 57
      Posted by Anon | November 5, 2010 at 12:14 PM

      LOL at the worthless commenters who freak the fuck out if the opening bell is up at, gasp, 9, and then bitch when it’s up earlier.

    58. 58
      Posted by Anon | November 5, 2010 at 12:14 PM

      LOL at the worthless commenters who freak the fuck out if the opening bell is up at, gasp, 9, and then bitch when it’s up earlier.

    59. 59
      Posted by Anon | November 5, 2010 at 12:14 PM

      LOL at the worthless commenters who freak the fuck out if the opening bell is up at, gasp, 9, and then bitch when it’s up earlier.

    60. 60
      Posted by Anon | November 5, 2010 at 12:14 PM

      LOL at the worthless commenters who freak the fuck out if the opening bell is up at, gasp, 9, and then bitch when it’s up earlier.

    61. 61
      Posted by Anon | November 5, 2010 at 12:14 PM

      LOL at the worthless commenters who freak the fuck out if the opening bell is up at, gasp, 9, and then bitch when it’s up earlier.

    62. 62
      Posted by Guest | November 5, 2010 at 12:15 PM

      I need that spoonacho NOW.

      ~ L-Train

    63. 63
      Posted by Guest | November 5, 2010 at 12:15 PM

      I need that spoonacho NOW.

      ~ L-Train

    64. 64
      Posted by Guest | November 5, 2010 at 12:15 PM

      I need that spoonacho NOW.

      ~ L-Train

    65. 65
      Posted by Guest | November 5, 2010 at 12:15 PM

      I need that spoonacho NOW.

      ~ L-Train

    66. 66
      Posted by Guest | November 5, 2010 at 12:15 PM

      I need that spoonacho NOW.

      ~ L-Train

    67. 67
      Posted by Guest | November 5, 2010 at 12:15 PM

      I need that spoonacho NOW.

      ~ L-Train

    68. 68
      Posted by Guest | November 5, 2010 at 12:15 PM

      I need that spoonacho NOW.

      ~ L-Train

    69. 69
      Posted by Guest | November 5, 2010 at 12:15 PM

      I need that spoonacho NOW.

      ~ L-Train

    70. 70
      Posted by Guest | November 5, 2010 at 12:15 PM

      been this time all week. new thing apparently.

    71. 71
      Posted by Guest | November 5, 2010 at 12:15 PM

      been this time all week. new thing apparently.

    72. 72
      Posted by Guest | November 5, 2010 at 12:15 PM

      been this time all week. new thing apparently.

    73. 73
      Posted by Guest | November 5, 2010 at 12:15 PM

      been this time all week. new thing apparently.

    74. 74
      Posted by Guest | November 5, 2010 at 12:15 PM

      been this time all week. new thing apparently.

    75. 75
      Posted by Guest | November 5, 2010 at 12:15 PM

      been this time all week. new thing apparently.

    76. 76
      Posted by Guest | November 5, 2010 at 12:15 PM

      been this time all week. new thing apparently.

    77. 77
      Posted by Guest | November 5, 2010 at 12:15 PM

      been this time all week. new thing apparently.

    78. 78
      Posted by Guest | November 5, 2010 at 12:15 PM

      been this time all week. new thing apparently.

    79. 79
      Posted by Guest | November 5, 2010 at 12:15 PM

      been this time all week. new thing apparently.

    80. 80
      Posted by Guest | November 5, 2010 at 12:15 PM

      been this time all week. new thing apparently.

    81. 81
      Posted by Guest | November 5, 2010 at 12:15 PM

      been this time all week. new thing apparently.

    82. 82
      Posted by Guest | November 5, 2010 at 12:15 PM

      been this time all week. new thing apparently.

    83. 83
      Posted by Guest | November 5, 2010 at 12:15 PM

      been this time all week. new thing apparently.

    84. 84
      Posted by Guest | November 5, 2010 at 12:15 PM

      been this time all week. new thing apparently.

    85. 85
      Posted by Guest | November 5, 2010 at 12:15 PM

      been this time all week. new thing apparently.

    86. 86
      Posted by Guest | November 5, 2010 at 12:15 PM

      I need that spoonacho NOW.

      ~ L-Train

    87. 87
      Posted by Guest | November 5, 2010 at 12:15 PM

      I need that spoonacho NOW.

      ~ L-Train

    88. 88
      Posted by Guest | November 5, 2010 at 12:15 PM

      I need that spoonacho NOW.

      ~ L-Train

    89. 89
      Posted by Guest | November 5, 2010 at 12:15 PM

      I need that spoonacho NOW.

      ~ L-Train

    90. 90
      Posted by Corigs | November 5, 2010 at 12:16 PM

      sad trombone for RBS

    91. 91
      Posted by Corigs | November 5, 2010 at 12:16 PM

      sad trombone for RBS

    92. 92
      Posted by Corigs | November 5, 2010 at 12:16 PM

      sad trombone for RBS

    93. 93
      Posted by Corigs | November 5, 2010 at 12:16 PM

      sad trombone for RBS

    94. 94
      Posted by Corigs | November 5, 2010 at 12:16 PM

      sad trombone for RBS

    95. 95
      Posted by Corigs | November 5, 2010 at 12:16 PM

      sad trombone for RBS

    96. 96
      Posted by Corigs | November 5, 2010 at 12:16 PM

      sad trombone for RBS

    97. 97
      Posted by Corigs | November 5, 2010 at 12:16 PM

      sad trombone for RBS

    98. 98
      Posted by Corigs | November 5, 2010 at 12:16 PM

      sad trombone for RBS

    99. 99
      Posted by Corigs | November 5, 2010 at 12:16 PM

      sad trombone for RBS

    100. 100
      Posted by Corigs | November 5, 2010 at 12:16 PM

      sad trombone for RBS

    101. 101
      Posted by Guest | November 5, 2010 at 12:17 PM

      octogenarians? how dare you.

      -j. roberston, fat cop

    102. 102
      Posted by Guest | November 5, 2010 at 12:17 PM

      octogenarians? how dare you.

      -j. roberston, fat cop

    103. 103
      Posted by Guest | November 5, 2010 at 12:17 PM

      octogenarians? how dare you.

      -j. roberston, fat cop

    104. 104
      Posted by Guest | November 5, 2010 at 12:17 PM

      octogenarians? how dare you.

      -j. roberston, fat cop

    105. 105
      Posted by Guest | November 5, 2010 at 12:17 PM

      octogenarians? how dare you.

      -j. roberston, fat cop

    106. 106
      Posted by Guest | November 5, 2010 at 12:17 PM

      octogenarians? how dare you.

      -j. roberston, fat cop

    107. 107
      Posted by Guest | November 5, 2010 at 12:17 PM

      octogenarians? how dare you.

      -j. roberston, fat cop

    108. 108
      Posted by Guest | November 5, 2010 at 12:17 PM

      octogenarians? how dare you.

      -j. roberston, fat cop

    109. 109
      Posted by Guest | November 5, 2010 at 12:17 PM

      octogenarians? how dare you.

      -j. roberston, fat cop

    110. 110
      Posted by Guest | November 5, 2010 at 12:17 PM

      octogenarians? how dare you.

      -j. roberston, fat cop

    111. 111
      Posted by Guest | November 5, 2010 at 12:17 PM

      octogenarians? how dare you.

      -j. roberston, fat cop

    112. 112
      Posted by Guest | November 5, 2010 at 12:17 PM

      octogenarians? how dare you.

      -j. roberston, fat cop

    113. 113
      Posted by Guest | November 5, 2010 at 12:17 PM

      octogenarians? how dare you.

      -j. roberston, fat cop

    114. 114
      Posted by Guest | November 5, 2010 at 12:17 PM

      octogenarians? how dare you.

      -j. roberston, fat cop

    115. 115
      Posted by Guest | November 5, 2010 at 12:17 PM

      octogenarians? how dare you.

      -j. roberston, fat cop

    116. 116
      Posted by Guest | November 5, 2010 at 12:17 PM

      octogenarians? how dare you.

      -j. roberston, fat cop

    117. 117
      Posted by Guest | November 5, 2010 at 12:17 PM

      octogenarians? how dare you.

      -j. roberston, fat cop

    118. 118
      Posted by Guest | November 5, 2010 at 12:19 PM

      What? Oh. :(

      -Useless (?) Douche

    119. 119
      Posted by Guest | November 5, 2010 at 12:19 PM

      What? Oh. :(

      -Useless (?) Douche

    120. 120
      Posted by Guest | November 5, 2010 at 12:19 PM

      What? Oh. :(

      -Useless (?) Douche

    121. 121
      Posted by Guest | November 5, 2010 at 12:19 PM

      What? Oh. :(

      -Useless (?) Douche

    122. 122
      Posted by Guest | November 5, 2010 at 12:19 PM

      What? Oh. :(

      -Useless (?) Douche

    123. 123
      Posted by Guest | November 5, 2010 at 12:19 PM

      What? Oh. :(

      -Useless (?) Douche

    124. 124
      Posted by Guest | November 5, 2010 at 12:19 PM

      What? Oh. :(

      -Useless (?) Douche

    125. 125
      Posted by Guest | November 5, 2010 at 12:19 PM

      What? Oh. :(

      -Useless (?) Douche

    126. 126
      Posted by Guest | November 5, 2010 at 12:19 PM

      What? Oh. :(

      -Useless (?) Douche

    127. 127
      Posted by Guest | November 5, 2010 at 12:19 PM

      What? Oh. :(

      -Useless (?) Douche

    128. 128
      Posted by Guest | November 5, 2010 at 12:19 PM

      What? Oh. :(

      -Useless (?) Douche

    129. 129
      Posted by Guest | November 5, 2010 at 12:19 PM

      What? Oh. :(

      -Useless (?) Douche

    130. 130
      Posted by Guest | November 5, 2010 at 12:19 PM

      What? Oh. :(

      -Useless (?) Douche

    131. 131
      Posted by Guest | November 5, 2010 at 12:19 PM

      What? Oh. :(

      -Useless (?) Douche

    132. 132
      Posted by Guest | November 5, 2010 at 12:19 PM

      What? Oh. :(

      -Useless (?) Douche

    133. 133
      Posted by Guest | November 5, 2010 at 12:19 PM

      What? Oh. :(

      -Useless (?) Douche

    134. 134
      Posted by Guest | November 5, 2010 at 12:19 PM

      What? Oh. :(

      -Useless (?) Douche

    135. 135
      Posted by Guest | November 5, 2010 at 12:19 PM

      What? Oh. :(

      -Useless (?) Douche

    136. 136
      Posted by Guest | November 5, 2010 at 12:19 PM

      What? Oh. :(

      -Useless (?) Douche

    137. 137
      Posted by Guest | November 5, 2010 at 12:19 PM

      What? Oh. :(

      -Useless (?) Douche

    138. 138
      Posted by AmericanBandersnatch | November 5, 2010 at 12:41 PM

      HSBC says renumeration rules make it hard to compete for talent. Wow, didn’t see that one coming.

    139. 139
      Posted by AmericanBandersnatch | November 5, 2010 at 12:41 PM

      HSBC says renumeration rules make it hard to compete for talent. Wow, didn’t see that one coming.

    140. 140
      Posted by AmericanBandersnatch | November 5, 2010 at 12:41 PM

      HSBC says renumeration rules make it hard to compete for talent. Wow, didn’t see that one coming.

    141. 141
      Posted by AmericanBandersnatch | November 5, 2010 at 12:41 PM

      HSBC says renumeration rules make it hard to compete for talent. Wow, didn’t see that one coming.

    142. 142
      Posted by AmericanBandersnatch | November 5, 2010 at 12:41 PM

      HSBC says renumeration rules make it hard to compete for talent. Wow, didn’t see that one coming.

    143. 143
      Posted by AmericanBandersnatch | November 5, 2010 at 12:41 PM

      HSBC says renumeration rules make it hard to compete for talent. Wow, didn’t see that one coming.

    144. 144
      Posted by AmericanBandersnatch | November 5, 2010 at 12:41 PM

      HSBC says renumeration rules make it hard to compete for talent. Wow, didn’t see that one coming.

    145. 145
      Posted by AmericanBandersnatch | November 5, 2010 at 12:41 PM

      HSBC says renumeration rules make it hard to compete for talent. Wow, didn’t see that one coming.

    146. 146
      Posted by AmericanBandersnatch | November 5, 2010 at 12:41 PM

      HSBC says renumeration rules make it hard to compete for talent. Wow, didn’t see that one coming.

    147. 147
      Posted by AmericanBandersnatch | November 5, 2010 at 12:41 PM

      HSBC says renumeration rules make it hard to compete for talent. Wow, didn’t see that one coming.

    148. 148
      Posted by AmericanBandersnatch | November 5, 2010 at 12:41 PM

      HSBC says renumeration rules make it hard to compete for talent. Wow, didn’t see that one coming.

    149. 149
      Posted by AmericanBandersnatch | November 5, 2010 at 12:41 PM

      HSBC says renumeration rules make it hard to compete for talent. Wow, didn’t see that one coming.

    150. 150
      Posted by AmericanBandersnatch | November 5, 2010 at 12:41 PM

      HSBC says renumeration rules make it hard to compete for talent. Wow, didn’t see that one coming.

    151. 151
      Posted by AmericanBandersnatch | November 5, 2010 at 12:41 PM

      HSBC says renumeration rules make it hard to compete for talent. Wow, didn’t see that one coming.

    152. 152
      Posted by AmericanBandersnatch | November 5, 2010 at 12:41 PM

      HSBC says renumeration rules make it hard to compete for talent. Wow, didn’t see that one coming.

    153. 153
      Posted by AmericanBandersnatch | November 5, 2010 at 12:41 PM

      HSBC says renumeration rules make it hard to compete for talent. Wow, didn’t see that one coming.

    154. 154
      Posted by So does AIG... and UBS | November 5, 2010 at 1:06 PM

      RBS sucks

    155. 155
      Posted by So does AIG... and UBS | November 5, 2010 at 1:06 PM

      RBS sucks

    156. 156
      Posted by So does AIG... and UBS | November 5, 2010 at 1:06 PM

      RBS sucks

    157. 157
      Posted by So does AIG... and UBS | November 5, 2010 at 1:06 PM

      RBS sucks

    158. 158
      Posted by So does AIG... and UBS | November 5, 2010 at 1:06 PM

      RBS sucks

    159. 159
      Posted by So does AIG... and UBS | November 5, 2010 at 1:06 PM

      RBS sucks

    160. 160
      Posted by So does AIG... and UBS | November 5, 2010 at 1:06 PM

      RBS sucks

    161. 161
      Posted by So does AIG... and UBS | November 5, 2010 at 1:06 PM

      RBS sucks

    162. 162
      Posted by So does AIG... and UBS | November 5, 2010 at 1:06 PM

      RBS sucks

    163. 163
      Posted by So does AIG... and UBS | November 5, 2010 at 1:06 PM

      RBS sucks

    164. 164
      Posted by So does AIG... and UBS | November 5, 2010 at 1:06 PM

      RBS sucks

    165. 165
      Posted by So does AIG... and UBS | November 5, 2010 at 1:06 PM

      RBS sucks

    166. 166
      Posted by So does AIG... and UBS | November 5, 2010 at 1:06 PM

      RBS sucks

    167. 167
      Posted by So does AIG... and UBS | November 5, 2010 at 1:06 PM

      RBS sucks

    168. 168
      Posted by So does AIG... and UBS | November 5, 2010 at 1:06 PM

      RBS sucks

    169. 169
      Posted by So does AIG... and UBS | November 5, 2010 at 1:06 PM

      RBS sucks

    170. 170
      Posted by So does AIG... and UBS | November 5, 2010 at 1:06 PM

      RBS sucks

    171. 171
      Posted by So does AIG... and UBS | November 5, 2010 at 1:06 PM

      RBS sucks

    172. 172
      Posted by So does AIG... and UBS | November 5, 2010 at 1:06 PM

      RBS sucks

    173. 173
      Posted by So does AIG... and UBS | November 5, 2010 at 1:06 PM

      RBS sucks

    174. 174
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    175. 175
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    176. 176
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    177. 177
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    178. 178
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    179. 179
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    180. 180
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    181. 181
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    182. 182
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    183. 183
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    184. 184
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    185. 185
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    186. 186
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    187. 187
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    188. 188
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    189. 189
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    190. 190
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    191. 191
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    192. 192
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    193. 193
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    194. 194
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    195. 195
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    196. 196
      Posted by Cutie with a Booty | November 5, 2010 at 1:30 PM

      I don’t want to live anymore

    197. 197
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    198. 198
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    199. 199
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    200. 200
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    201. 201
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    202. 202
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    203. 203
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    204. 204
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    205. 205
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    206. 206
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    207. 207
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    208. 208
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    209. 209
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    210. 210
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    211. 211
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    212. 212
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    213. 213
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    214. 214
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    215. 215
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    216. 216
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    217. 217
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    218. 218
      Posted by Spitzer's Libido | November 5, 2010 at 1:39 PM

      Poonachos?

    219. 219
      Posted by Opportunist | November 5, 2010 at 1:44 PM

      Can I have your car?

    220. 220
      Posted by Opportunist | November 5, 2010 at 1:44 PM

      Can I have your car?

    221. 221
      Posted by Opportunist | November 5, 2010 at 1:44 PM

      Can I have your car?

    222. 222
      Posted by Opportunist | November 5, 2010 at 1:44 PM

      Can I have your car?

    223. 223
      Posted by Opportunist | November 5, 2010 at 1:44 PM

      Can I have your car?

    224. 224
      Posted by Opportunist | November 5, 2010 at 1:44 PM

      Can I have your car?

    225. 225
      Posted by Opportunist | November 5, 2010 at 1:44 PM

      Can I have your car?

    226. 226
      Posted by Opportunist | November 5, 2010 at 1:44 PM

      Can I have your car?

    227. 227
      Posted by Opportunist | November 5, 2010 at 1:44 PM

      Can I have your car?

    228. 228
      Posted by Opportunist | November 5, 2010 at 1:44 PM

      Can I have your car?

    229. 229
      Posted by Opportunist | November 5, 2010 at 1:44 PM

      Can I have your car?

    230. 230
      Posted by Opportunist | November 5, 2010 at 1:44 PM

      Can I have your car?

    231. 231
      Posted by Opportunist | November 5, 2010 at 1:44 PM

      Can I have your car?

    232. 232
      Posted by Opportunist | November 5, 2010 at 1:44 PM

      Can I have your car?

    233. 233
      Posted by Opportunist | November 5, 2010 at 1:44 PM

      Can I have your car?

    234. 234
      Posted by Opportunist | November 5, 2010 at 1:44 PM

      Can I have your car?

    235. 235
      Posted by Opportunist | November 5, 2010 at 1:44 PM

      Can I have your car?

    236. 236
      Posted by Opportunist | November 5, 2010 at 1:44 PM

      Can I have your car?

    237. 237
      Posted by Boris the Blade | November 5, 2010 at 4:36 PM

      HSBC sucks

    238. 238
      Posted by Boris the Blade | November 5, 2010 at 4:36 PM

      HSBC sucks

    239. 239
      Posted by Boris the Blade | November 5, 2010 at 4:36 PM

      HSBC sucks

    240. 240
      Posted by Boris the Blade | November 5, 2010 at 4:36 PM

      HSBC sucks

    Newer Comments
    Older Comments

    Leave a comment

    You can log in with your account or comment as a guest below.

       or