Germans

  • News

    Bonus Watch ’12: Deutsche Bankers Cannot Believe This Is Happening To Them

    Some employees are preemptively miffed and, frankly, insulted. “Deutsche bonus structure for Associates-Directors was revealed today: *Up to eur50, all cash. *Eur50-100, 70% deferred. Yes… *Eur100+, 85% deferred.”

    / Feb 3, 2012 at 6:02 PM
  • News

    Who Wants To Buy Deutsche Bank’s Asset Management Business?

    They’re willing to entertain an offer.

    / Nov 22, 2011 at 2:29 PM
  • News

    Was That Wrong? Should Carsten Kengeter Not Have Done That?

    As you may have heard, the last 6 to 12 to 36 months months have been somewhat trying for UBS investment bank chief Carsten Kengeter. Profits haven’t been exactly what he’d hoped for, the people of Stamford have (more or less) vowed to beat him with a sack of reeds should the Swiss so much […]

    / Nov 9, 2011 at 11:09 AM
  • News

    Layoffs Watch ’11: Deutsche Bank

    The Germans said this morning that 1) employees will face the ax if the “environment” doesn’t improve a-SAP 2) these cuts would be on top of those previously announced and 3) have you ever wondered why DB hasn’t had to announce that it’s letting go of 20 or 30 or 40,000 people? According to Stefan […]

    / Oct 25, 2011 at 1:11 PM
  • News

    Got Plans This Weekend?

    UBS invites you to get linguistic.

    / Aug 31, 2011 at 1:45 PM
  • News

    Who Wants To Be CEO Of UBS?

    The bank isn’t hiring anyone at the moment and current CEO Oswald Gruebel has said he’s not leaving anytime soon but, naturally, they’d like to be prepared when the moment comes. Would you or someone you know be the right person for the job? Prerequisites for the gig include “the charisma to run a place […]

    / Jul 20, 2011 at 5:44 PM
  • News

    Who Will Give Deutsche Bank’s Anshu Jain A Bank To Run?

    Anshu Jain is the head of Deutsche Bank’s Corporate & Investment Bank, sits on the management committee and oversees operations that produce upwards of 90 percent of the firm’s profits in any given quarter. He’s considered a “star” at DB and among those who follow his work and with CEO Josef Ackermann’s contract expiring in […]

    / Jun 14, 2011 at 6:44 PM
  • News

    Munich Re Subsidiary Had To Throw That Color-Coded Orgy Party To Remain Competitive

    At a certain level workers and customers can “no longer be rewarded with money,” another industry insider says. But incentives outside the ordinary pay raise or bonus are not simply a question of hierarchy, event specialist Eisner says. The likelihood of such perks is higher for certain roles…Sexual incentives are a special cementing agent, and […]

    / May 27, 2011 at 10:50 AM
  • News

    Munich Re Cancels Upcoming No-Holds-Barred Sex Party, May Ban Them Indefinitely

    Last week it was reported that in 2007, executives with Munich Re subsidiary Ergo Versicherungsgruppe came up with the idea to throw a party for top performing sales executives at a bathhouse, featuring a bunch of prostitutes for their consumption. Because such events have the potential to devolve into mass chaos, with buyers and sellers […]

    / May 25, 2011 at 9:47 AM
  • News

    Munich Re Unit’s Color-Coded Hooker Party Got A Nice Write-Up In The Company Mag

    Yesterday it was reported that in 2007, executives with Munich Re subsidiary Ergo Versicherungsgruppe came up with the idea to throw a party for top performing sales executives at a bathhouse, featuring a bunch of prostitutes for their consumption. Perhaps having heard that gatherings like this can often devolve into chaos and confusion, or maybe […]

    / May 19, 2011 at 9:52 AM
  • News

    Munich Re Employees Fired For Hosting Extremely Well-Organized Hooker Party

    Color-coded armband-organized.

    / May 18, 2011 at 5:44 PM
  • News

    German Banker Involved In “Most Expensive Car Crash In History”

    The fellow pictured at left is 28 year-old German banker Steffen Korbach. He looks pretty happy because he’s got that cool shirt on and because the photo was taken prior to his totaling a £1.4million Pagani Zonda F Clubsport Roadster (only one of 25 in the world). Let’s hear his story.

    / Feb 24, 2011 at 1:09 PM
  • News

    Stephen Schwarzman Gives World Yet Another Reason To Want A Piece Of This

    When one considers the many, many reasons to admire Stephen Schwarzman, difficulty arises in keeping the list to a manageable length. An abridged version, a mere fraction of his attributes, would include building Blackstone with own two hands, his support of literacy, his vision and execution in creating Yale’s first Ballet Society, his passion as […]

    / Nov 12, 2010 at 12:53 PM
  • News

    Layoffs Watch ’10: Deutsche Bank

    Cuts going down circa now.

    / Nov 8, 2010 at 1:58 PM
  • News

    Germans Ban on Naked Short-Selling Just Fueling More Fear

    Say “auf Wiedersehen” to naked short selling in Germany. Because of “exceptional volatility” in euro-area government bonds and credit-default swaps, massive short-selling was leading to excessive price movements which “could endanger the stability of the entire financial system,” Germany’s BaFin financial services regulator said today.

    / May 18, 2010 at 5:20 PM
  • News

    Deutsche Bank Employees Feeling Unappreciated

    What are they doing about it? Considering their options, that’s what. According to people familiar with the matter, a number of employees — including some of the bank’s most talented and highest-paid people — are feeling that they aren’t being fairly compensated for their work in helping the bank weather the financial crisis without having […]

    / Mar 12, 2010 at 10:45 AM
  • News

    Bonus Watch ’10: Zee Germans Will Be Clawing Back

    To: Group Internal Communications Sent: 02/04/2010 04:15 AM Subject: Compensation The German follows the English text / Die deutsche Übersetzung folgt im Anschluss Dear Colleagues Our industry is still facing tremendous public debate in the aftermath of the disruptions caused by the financial crisis, particularly in regard to compensation principles, bonus payments, banking taxation and […]

    / Feb 4, 2010 at 8:50 AM
  • News

    WestLB Finally Gets Its Bailout

    Despite being owned by the government, WestLB is only now getting the government-funded bailout that is apparently the right of every bank. Unlike many of the rest of the banks on both sides of the Atlantic, which got their billions (or trillions) with few–if any–strings attached, Germany and the European Commission are force-feeding WestLB some […]

    / Nov 24, 2009 at 2:51 PM

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