And you thought bankers had an image problem in the US! Things have seemingly gone so wrong for bankers in the UK that they have taken to speaking to churches about how they are not, in fact, evil. Yes, really. Barclays Plc Chief Executive Officer John Varley stood at the wooden lectern in St. Martin-in-the- [...]
Entries from November 5th, 2009
Rock ‘Em Sock ‘Em Banksters
November 3rd, 2009 · 4 Comments · win
Kate K. sent me a neat video of banksters in Hong Kong boxing for charity: This, of course, has us wondering why Hong Kong should have all the fun. If some of our favorite United States C-suite types and hedgies were to hold a charity bout, who would you like to see in the ring? [...]
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BAC Too Big For Britches, Wants To Be NYC Bank
November 3rd, 2009 · 5 Comments · all ur bankz
Jason reflected the other day on Bank of America’s hunt for a new CEO, and how it was maybe not going so well, and now BAC is coming out and admitting the same thing. They, however, aren’t acknowledging that the reason might be that nobody particularly talented wants to work at a bank where your [...]
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Glad I Don’t Live In Connecticut
November 2nd, 2009 · 4 Comments · fail
Great set of reps you guys have in Connecticut! Who needs to work on a budget when you can play solitaire and read ESPN’s website instead? Reader John Keller made my day with this one. Lawmakers in Connecticut can’t get the budget done, but they sure can play a mean solitaire. While House Majority Leader [...]
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All Aboard the Failboat: CIT Edition
November 2nd, 2009 · 3 Comments · all ur bankz, bailout, fail
Goodbye, CIT! We’ll miss you! Ancient (101 years young!) commercial lender CIT Group filed Chapter 11 yesterday, while everyone was in church and on my dear mother’s birthday, even. What does this mean for you? Well, for one, you’re not gonna get that $2.3b in TARP money back. Hope you weren’t floating any checks on [...]
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