At the beginning of 2007, the notion of impending doom caused by a credit crunch would have been ludicrous; Wall Street was revelling in an era of unequalled prosperity, record deals were being struck and profits were soaring, and for workers this meant a bulging pay check. However, fast forward one year and the scene [...]
Entries Tagged as 'bear stearns'
Walls Come Tumbling Down: Street Jobs Feeling The Strain of the Credit Crunch
June 24th, 2008 · No Comments · Random
Wall Street Job Woes Continue
June 24th, 2008 · No Comments · The Markets
The Wall Street Journal reported Monday that Citigroup is cutting $15 billion in expenses, salary expenses to be specific. It’s a big number and, as it turns out, happens to be the amount the financial giant has posted in losses over the past two quarters. To mitigate the losses, Citigroup is embarking on a plan [...]
Tags: bear stearns·goldman sachs·investment bank·job losses·lehman brothers·merrill lynch·morgan stanley·wall street
