What do you say when you’ve made it in banking? What is the core banker-vernacular indicating maximal importance on Wall Street or in the City of London?
Here we have a comprehensive list of banker-words in time for the weekend. Beware ambiguities.
Banker meaning: In banking terms a bar is another word for $2m. Five bars is a euphemism for $10m, therefore.
Not to be confused with: A place purveying alcohol or a rectangular prism.
Banker meaning: In banking terms, a buck is $1m. Ten bucks a euphemism for $10m.
Not to be confused with: A male deer or rabbit. $1.
Banker meaning: The work involved in implementing a trade or M&A deal.
Not to be confused with: Killing someone.
4. Expectation management and expectations managed
Banker meaning: Being informed, subtly or otherwise, that you won’t be paid.
Not to be confused with: Being informed, subtly or otherwise, that your Christmas present will come from eBay.
Banker meaning: A strange environment where long term interest rates are falling at a faster rate than short term interest rates so that the yield curve gets flatter.
Not to be confused with: A close encounter with someone whose eaten a lot over Thanksgiving.
Banker meaning: A stock or bond that you’ve bought or sold short in the hope of making some money.
Not to be confused with: A particular bodily arrangement. The antecedent of an argument.
Banker meaning: Proprietary trading.
Not to be confused with: A three dimensional item used to illustrate a point or set the scene in a play or movie.
Banker meaning: Selling your positions.
Not to be confused with: Chilling out after over-eating.