UK
What do you do when one minute you’re gainfully employed and the next you’re dangerously skint and struggling to pay the bills? The answer appears to be to call a recruiter and request any job that pays base plus a very modest bonus. Trouble is, 150k is a lot of money outside banking.
Bob Diamond feels your pain. (The Times)
Laid off (or not) by Lehman. (Laid Off By Lehman)
Maybe KDB will buy Lehman’s UK operations? (Korea Times)
Cheering news: 110,000 jobs to go in the City. (Telegraph)
The mother of all bail-outs. (Bloomberg)
Why AIG was downgraded. (CNBC)
Why AIG was too big to fail. (Bloomberg)
“The fear is just huge. People are worried about counter-party risk.” (Guardian)
Goldman results are worst for nine years. (Telegraph)
Morgan Stanley results are better than expected. (CNBC)
Morgan Stanley eyeing up well capitalised banks. (CNBC)
“If AIG had gone the way of Lehman, their alt-a and prime debt prices would have been discovered and Goldman and Stanley would too be on the list of next to die.” (Fintag)
The ultimate market cap meltdown graphic. (New York Times)
Russia suspends trading in just about everything. (FT Alphaville)
Thain and two chums to reap $200m for selling Merrill. (Bloomberg)
Blow-by-blow account of Lloyds’ HBOS negotiations. (BBC)
Thats the problem with banking. You can get paid 150K for being a tea boy with good academics and an ego. Surely it cant be too much to ask in any new job? However at 150K dont expect the banker to put in over 50% of effort. In fact 10% – 30% is probably what the salary is worth.
Besides 150K per yr living in london is probably just enough to get by.
Those now redundant may have to start living in more of a real world.
sod that big time!! i got a whooping 200k on heading commodities desk last year.. So dont agree
“sod that big time!! i got a whooping 200k on heading commodities desk last year.. So dont agree”
What’s that supposed to mean? 200k is nothing, you should be embarrassed.
200K as head of commodities?
You indeed should be ashamed. Commodities has been booming and as head even 2 million per year would be shameful.
“Besides 150K per yr living in london is probably just enough to get by.”
If you’re single, yes just about. If you have a family to look after, no bloody way.
I wouldn’t get out of bed for 200k, and actually find it slightly insulting dealing with people that do..
“150k just about enough to get by ”
I take it you’re being sarcastic Henry? I need at least 250k.
What do you do, eat at Burger King?
Henry sounds like a fool – guessing you are a bitter Mac D’s employee or something
Are you lot mad ?
Henry – the amount of time you are on here with your rather predictable comments I am suprised you have time to earn any cash… … are you trying to make up for areas in your life where you fall short of the average I wonder?
Henry works at McDonalds on the corner where Moorgate and London Wall meet. He’s doing a finance course nearby and has very very big dreams.
Henry obviously sees the role of cashier at McDonalds as “trading”. Good luck with that.
Henry is a Big Brother style mole, planted by efinancialnews to up the hit rate…
what a load of posers…listen to yourselves, you sound like spoiled brats. pathetic