• News

    Bonus Watch ’09: Barclays

    No projected numbers (yet), though apparently the breakdown of the goodie bag being considered is not making our favorite chippies very happy (and you know what the junior UK rainmakers do when they’re not happy– bitch!). Just keep your fingers crossed this isn’t contagious. British-based Barclays Capital may be a bellwether for Wall Street’s bonus […]

    / Nov 3, 2009 at 10:45 AM
  • News

    What We Can Learn From The British: Don’t Deal Drugs From Your Desk

    So this Bloomberg story on suicidal coke addicts across the pond? Kind of a downer. And while it didn’t really illuminate much re: the similarities between trading and having a drug problem that we didn’t already know, or do anything but depress us, we have found ourselves a teachable moment. At least one cocaine user […]

    / Oct 8, 2009 at 1:40 PM
  • News

    First Year IBD Analysts Only BarCap Employees Not Getting Screwed, Says BarCap Associates

    Last week we were informed of the unbelievable news that 1st/2nd/3rd year sales&trading analysts head been led to believe (by their own assumptions) that they’d be getting 10k salary bumps because 1st/2nd/3rd year banking analysts got raises and fair is fair. Apparently not in Phil Mickelson’s house! The s&t’ers got nothing, and what stung the […]

    / Oct 5, 2009 at 2:16 PM
  • News

    Tools Of The Trade: How Bob Diamond Shoots Fish In A Barrel

    We’ve just started reading the monstrously long Esquire article on Barclays buying Lehman (ten pages online? Be serious), but wanted to get this out there now in case any of you are in the midst of a dry spell and were looking for some inspiration re: how to nail an employee from one of the […]

    / Sep 11, 2009 at 11:58 AM
  • News

    Lehman Scores A Victory From Beyond The Grave

    After happily watching Lehman free fall into bankruptcy and cherry picking the remains, Barclays is now on the hot seat for screwing Lehman a second time by overstating the liabilities it was assuming and later booking a $4 billion gain. Barclays capitalized on the fact that, unlike Lehman, it was not in bankruptcy and still […]

    / Jun 24, 2009 at 1:58 PM
  • Lehman

    Barclays – Lehman Deal Marks Bottom of Credit Crunch Panic

    Well, now that someone actually put their money where their leaks were and ponied up for something that Lehman owns, other troubled firms look to be buoyed by the lift in Lehman confidence. Lehman shares soared 9.00% on the news to $0.2276 per share and the rising tide of confidence that the assets in the […]

    / Sep 16, 2008 at 11:15 AM
  • News

    Barclays and Lehman Seal Deal

    The Financial Times reports that an agreement has been reached for Barclays to buy parts of Lehman Brothers, though certain details like which parts* and for how much remain unclear. Contingent liabilities related to the ego of Institutional Investor’s #1 Brokerage and Asset Manager of 2006, Dick Fuld, were hopefully offset by the $1 billion+ […]

    / Sep 16, 2008 at 10:22 AM
  • Lehman

    The Debt That Lehman Dumped Pumped?

    Depending on how hungry investors were for debt today, they may or may not have been annoyed at the news that Lehman’s rumored BWIC for $800+ million of debt from issuers like Tribune, Visteon, Sabre Holdings and the like has been canceled. Perhaps Barclays is closing in for the kill after all? Yep, that was […]

    / Sep 16, 2008 at 10:05 AM
  • News

    Tomorrow, We’ll Go Investigate How Things Are Looking In UBS’s Back Office

    Whether you’re looking for employment or just ass in the vicinity of Grand Central, take note: a male temp’ing tipster informs us that “there are high grade women to be found in Barclays’ investment bank.” And no, we did not send one of our interns to a temp agency so that he might sample the […]

    / Jun 30, 2008 at 4:45 PM
  • News

    Full Service Bank

    Barclays Plc second-half profit may have fallen twenty-one percent on asset writedowns but you needn’t pity the UK bank, which is about to acquire a controlling stake in Russian pin-up calendar manufacturer Expobank. Yes, for the bargain price of about £200million, Barclays will be the proud owner of the retail and commercial bank which has […]

    / Feb 25, 2008 at 10:42 AM

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