Like Bank of America, RBS has some big goals for the coming year, chief among them being the firing of several thousand investment bankers. (For those skeptical they can do it, according to a PowerPoint presentation presented yesterday, re: the “exits,” quite a bit of progress has already been made.) Read more »
Tomorrow morning, Anshu Jain will start his new job as co-CEO of Deutsche Bank. Despite having previously overseen operations that produce 90 percent of the firm’s profits in any given quarter, sitting on the management committee, and generally being considered a “star” both within the company and among those who follow his work, chief executive officer is a title no one thought AJ would be given if he remained at DB, because 1) people back in Germany don’t like that he’s an investment banker and 2) “In Germany, no one can imagine an Indian working in London who does not speak German being CEO of Deutsche Bank.” To the haters’ chagrin, though, that’s exactly what’s about to happen. And if they want to continue bitching about it, they can be Jain’s guest– their insults go in one ear and out the other. Read more »
Gird your loins, which have apparently gotten a free pass for too long. Read more »
New York City wants to hire investment banks to improve the way assets are managed — from parking meters to buildings — but the mayor on Friday flatly rejected selling any of these valuable properties…Though investment banks and hedge funds have raised hundreds of millions of dollars to invest in publicly owned infrastructure — from roads to bridges to tunnels — Bloomberg made it clear he would only consider privatizing the way, for example, equipment is installed and maintained. [Reuters via BI]
Have you ever wanted to learn how to kill a person with your bare hands, as a matter of self-defense or just cause? Are you going to be in Vegas the weekend of the 14th? I am and I thought we could take this class together, which comes highly recommended by the “senior staff” at Goldman.*
Las Vegas’ Tim Larkin is teaching Investment Bankers ‘How to Kill’ as a method of self defence at a closed-venue in Las Vegas on 14th and 15th November. He has taught senior staff of Goldman Sachs, JP Morgan, Deutche Bank and Credit Suisse and also Scotland Yard.