Vulgarities and indiscreet chatter have percolated through Wall Street’s trading floors and online chat rooms for many years, and might have stayed there were it not for a string of recent regulatory crackdowns. Now, thanks to investigations that have produced reams of internal communications among traders and brokers, a window has opened onto the predominantly male locker room culture of finance. Some banks — anxious to avoid further embarrassments — are taking steps to clean up that culture. “Some of you are falling way short of our established standards,” Colin Fan, the co-chief of the investment banking division at Deutsche Bank, the big German lender, said in a recent internal video, outlining a code of conduct that has echoes of the famous etiquette guidelines published nearly a century ago by Mrs. Post. “Let’s be clear,” Mr. Fan continued. “Our reputation is everything. Being boastful, indiscreet and vulgar is not O.K. It will have serious consequences for your career, and I have lost patience on this issue.” [Dealbook]

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Comments (16)

  1. Posted by DB CRE | May 16, 2014 at 3:39 PM

    what a fucking squid. now someone make sure we sell that hotel at 50 bid.

  2. Posted by Squeaky The Mouse | May 16, 2014 at 4:00 PM

    The old line bankers are finally pushing out the invading hordes of trader street trash.

    Good riddance

  3. Posted by N. Leeson | May 16, 2014 at 4:01 PM

    Oi mate! Step off there.

  4. Posted by SadEMInvestor | May 16, 2014 at 4:02 PM

    Knew him slightly in college, over the years traded with him. Actually, a nice guy with a good sense of humor. This video looks like something the North Koreans would put together starring a captured American soldier. I am rewatching the video to see if he was maybe blinking morse code "SOS."

  5. Posted by IAWL | May 16, 2014 at 4:03 PM

    someone tell george bailey to keep it moving.

  6. Posted by SadEMInvestor | May 16, 2014 at 4:05 PM

    Except, squeaky, that Colin spent much of his career on the trading side.

  7. Posted by Guest | May 16, 2014 at 4:49 PM

    North Koreans be most industrious and glorious traders.

  8. Posted by Just saying | May 16, 2014 at 4:56 PM

    Blodget had this since yesterday.

  9. Posted by Kim Jong Kardashian | May 16, 2014 at 9:33 PM

    Your comment made me laugh and brightened an otherwise dismal Friday evening.

  10. Posted by What's ROE? | May 17, 2014 at 1:34 AM

    Changing DB culture one multi-billion dollar fine at a time….

  11. Posted by Wordsmith | May 19, 2014 at 12:45 PM

    Rank amateur.

    – LvP

  12. Posted by Ex-DB | May 19, 2014 at 3:35 PM

    Talking about changing culture, if DB is serious about cutting costs, it would be good to start explaining why it so badly needs 2 CEOs

  13. Posted by alexbrown | May 19, 2014 at 8:56 PM

    Or said another way we are watching you closely and will sacrifice you by hanging you if your words help us protect our jobs. Remember the poachers are now the gamekeepers. You have been forewarned.

  14. Posted by The DB Board | May 21, 2014 at 8:57 AM

    Do you really believe we would have ein Schwarzer running our family business?

  15. Posted by UFOinsider | May 27, 2014 at 9:48 AM

    There's nothing like making one of the boys break the news….

  16. Posted by Joe Momma | May 28, 2014 at 10:02 AM

    Keep walking tough nuts