no more mr. nice guy

Deutsche Bank Co-Investment Banking Chief Has Had It With You F*cking A**holes

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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16 Responses to “Deutsche Bank Co-Investment Banking Chief Has Had It With You F*cking A**holes”

  1. DB CRE says:

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

  2. Squeaky The Mouse says:

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

    Good riddance

  3. SadEMInvestor says:

    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."

  4. Just saying says:

    Blodget had this since yesterday.

  5. What's ROE? says:

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

  6. Wordsmith says:

    Rank amateur.

    – LvP

  7. Ex-DB says:

    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

    • The DB Board says:

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

  8. alexbrown says:

    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.

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