Back in October, new Citi CEO Mike Corbat’s personal trainer predicted that Vikram Pandit’s replacement would waste no time whipping the place into shape, just like he whipped himself into shape in 2010 with the fat-torching Spartacus Workout. Whereas someone else might’ve let the bank have until the new year to get serious, allowing for one last season of pigs in a blanket and egg nog and late night pizza and entire gingerbread houses, Citi’s day’s of “I’ll start the diet tomorrow” are over. Corbat’s transformation plan starts TODAY. Read more »
Cuts are expected to go down at the House Of BD. Read more »
And the response by the Amaranth investor who for some reason was on the distribution list. Read more »
Analysts and associates laid off last week from Jefferies apparently received a whopping 4 weeks + zero percent of last year’s bonus.