Choice number one: everyone starts earning more money for the bank, following an exhilarating pep rally run by Corbat in the cafeteria involving senior executives shooting Citi swag into the crowd out of tee-shirt guns, cheerleaders, and a Spartacus Workout demo with before/after shots of MC, meant to inspire people and show them what they’re capable of if they really put their minds to something. Choice number two: Bank of America-style layoffs. Read more »

George Soros is here to tell you a bedtime story about what happens to little boys and girls who don’t listen to every damn word he has to say! Read more »

  • 13 Jul 2011 at 3:50 PM

Layoffs Watch ’11: Morgan Stanley

Apparently the House of Morgan is mulling over what the firm would look like with a few thousand less employees. Read more »

Nothing’s been decided yet but they’re thinking things over at 200 West, lots and lots a things. Maybe they’ll spin the unit into its own hedge fund. Maybe they’ll move the prop team into the basement and keep them locked in there, like the third Olsen sister no one knows about. Eventually people will forget, until they’re discovered, years later, in a raid by the NYPD. Maybe they’ll do nothing (best place to hide is in plain sight). CNBC’s Kate Kelly reports: Read more »