questions

Why Mohamed? Why? Read more »

Or so he told one Bloomberg reporter. Read more »

The question comes from a budding CPA but surely there are would-be bankers, traders, hedge fund managers out there asking themselves the same thing, looking for an answer before it’s too late.

From: [redacted guy]
Sent: Tuesday, October 01, 2013 11:05 PM
To: [redacted girl at Deloitte]
Subject: Question

Hey [redacted girl at Deloitte],

We talked a couple weeks back at the [university] accounting night. (I was the one looking for equity research positions and had a zit on my lip that could have passed for a cold sore. Lol. Whew. It was not. You’re probably like, “uh.. What?” Maybe that helps you recall, maybe not. Not completely important, I suppose.

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Suspending disbelief for a moment and pretending this scenario* actually occurred in real life…

I am a 22-year-old man working at a new job on Wall Street. My boss is a very attractive 30-year-old woman. We happen to exercise at the same gym at the same time. We both swim, and the first time we ran into each other, she was wearing a one-piece bathing suit, and I was wearing a classic Speedo. I saw her look me up and down. The next week, she started wearing a thong bikini. Isn’t this a power thing?

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Antony Jenkins said he will outline his plans for Barclays in the first quarter of next year. “The challenges that confront investment banking as an industry are driven by regulatory change and the economic environment,” the new CEO said by telephone today. “It requires us to think strategically about the direction of investment banking.” The investment bank is led by Rich Ricci, a Diamond appointee. With increased regulation from Europe and the U.K., volatile market conditions for mergers and acquisitions and continuing criticism of bankers’ pay by politicians, Barclays has faced calls from analysts and shareholders to either sell the division or reduce its size. “The Barclays Capital decade and Bob Diamond will be confined to history,” said Simon Maughan, a financial industry strategist at Olivetree Securities in London. “What investors want to see is far more dramatic cost cutting, and the question is will Jenkins be enough of his own man to do it. It’s not Barclays’s style.” [Bloomberg]

As you may have heard, earlier today, people working in 2 World Financial Center were evacuated from the building after a suspicious package was flagged by security. Initial reports claimed it contained a grenade; obviously this was cause for alarm and would have continued to be had the NYPD determined it to be an actual grenade and not a “grenade-like novelty item,” mounted on a plaque with a sign that says “Complaint Dept. Pull Pin.” Now that it’s clear everyone is safe (and at least mildly buzzed), a few questions need answering. Read more »

A few months ago, I was standing in a crowded elevator when Jamie Dimon, the chief executive of JPMorgan Chase, stepped in. When he saw me, he said in a voice loud enough for everyone to hear: “Why does The New York Times hate the banks?” It’s not The New York Times, Mr. Dimon. It really isn’t. It’s the country that hates the banks these days. [Joe Nocera/NYT]