London

Have you or your colleagues packed on some extra inches lately? Do you inject each other with hourly doses of corn syrup? Can you no longer see your dick over your stomach? Do the fat finger jokes hit a little too close to home? Great news. Continue reading »


“Water pipe burst on London JPM trading floor at 10 Aldemanbury this morning. Not good.” Continue reading »

Friday night, a bunch of chippies patted themselves on the back for successfully predicting the outcome of the British elections (and winning an undisclosed sum) by spending £60,117.40 on drinks at London nightclub Merah. They started with the most expensive bottle of champagne (a “Methuselah of vintage Cristal at £36,000″), which, not surprisingly, garnered them some fans. Continue reading »

More real-estate action in Canary Wharf: JPMorgan Chase’s new building here in the Docklands was just sold for something more than a song. The sonorously-named Songbird Estates ditched the 315,000-square-foot building on Churchill place for £208 million, £38 million more than the company valued the building in September.
Five Churchill Place is primarily occupied JPMorgan Markets.

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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 at a financial firm was brazen enough to deal the drug from his desk. David Frith, a 28-year- old banker who worked at Barclays Plc’s office in Basingstoke, England, was convicted in 2007 of selling drugs from his desk and received a jail sentence of seven and a half years.

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A gaggle of employees in leveraged finance were told to leave at not come back at HSBC across the pond this afternoon. Severance is apparently 6 months. Asses in the US are so far intact (this morning) but “rumors are obviously flying.”

Presented without comment. (After the jump).

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