IBD

If you’re an interest-rate trader, this year’s bonus will be getting to keep your job. Read more »

  • 23 Apr 2014 at 5:48 PM

Layoffs Watch ’14: Barclays

It’s possible the Brits will be getting rid of a quarter of their investment banking employees and if you ask Sanford Bernstein, those at the top should go first. Read more »

  • 28 Jan 2014 at 12:57 PM

Layoffs Watch ’14: Barclays

If you’re a junior mistmaker at the bank, consider passing it on to your MD that he/she might want to gird his/her loins. Read more »

  • 13 Jun 2013 at 12:09 PM

Layoffs Watch ’13: RBS

Stephen Hester is in good company. Read more »

As those of you keeping up with the many trials and travails of UBS know, the last couple years have been fairly brutal for investment banking chief Carsten Kengeter. Pre-tax IBD profit was down 55 percent YoY through June, employees are constantly on his ass about getting paid, the comments he made in attempt to “rally the troops” re: “slashing expenses like a Jewish shopkeeper” were totally taken the wrong way, some guy perpetrated a $2 billion fraud (which was partially to blame for CK getting passed over for the promotion he was gunning for), and to top it all off, the higher-ups accepted his offer to forgo a bonus for 2011, which he would never have put out there if he thought they’d actually go for it. And now, as a thanks for all his hard work, management is publicly mulling the idea of lightening his load and paycheck, which could not come at a worse time considering he just put a down payment on a signed first-edition copy of Mein Kampf.* Read more »

  • 25 Oct 2012 at 1:48 PM

Layoffs Watch ’12: UBS

Cuts are said to have gone down at the Swiss bank yesterday, with an HR SEAL Team 6 “flown in from NYC” to take out the West Coast employees. Read more »

  • 19 Jul 2012 at 11:44 AM

Layoffs Watch ’12: Deutsche Bank

The Germans are considering sending some bankers to live on a farm upstate, where there’s plenty of fresh air and room to run around. Read more »