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Posted on 12/2/11 at 10:02 pm to C
I thought about it but I figured it was going to be just as bad. Thanksgiving weekend is what it is, you know.
Posted on 12/6/11 at 10:07 am to kfizzle85
Bump
Also, hope everyone that took CFA part 1 in December had some celebratory brews over the weekend. Between that and watching the tigers stomp my dawgs, much to my chagrin, I'm sure a good weekend was had by all.
Also, hope everyone that took CFA part 1 in December had some celebratory brews over the weekend. Between that and watching the tigers stomp my dawgs, much to my chagrin, I'm sure a good weekend was had by all.
This post was edited on 12/6/11 at 10:12 am
Posted on 12/6/11 at 10:36 am to GregYoureMyBoyBlue
Having gotten out of the exam at halftime, I thoroughly enjoyed the entirety of the game. 
Posted on 12/6/11 at 9:37 pm to kfizzle85
Citi to lay off 4,500 workers:
LINK
Citi's severance would average about 89k ... That's not even backing out the "other costs related to the job cuts."
quote:
Facing stalling growth prospects around the globe, Citigroup’s chief executive, Vikram S. Pandit, said on Tuesday that the bank would lay off 4,500 workers in the coming months. Citi will also take a $400 million charge in the fourth quarter to cover the cost of severance and other costs related to the job cuts, which will reduce the bank’s work force by about 2 percent, to 262,500 employees, Eric Dash of The New York Times reports.
LINK
Citi's severance would average about 89k ... That's not even backing out the "other costs related to the job cuts."
Posted on 12/7/11 at 1:05 am to RedStickBR
Think is mainly back-office and IB ops positions. Doubt they cut any client facing employees on the banking side.
Posted on 12/7/11 at 1:26 am to RedStickBR
As an accountant, color me jaded on the 400M severance charge. Ranks up there just behind a tax reserve revaluation in terms of general opacity and unpredictability.
Posted on 12/7/11 at 1:53 pm to kfizzle85
Word round these parts via Citi Houston is associate traders in NYC got the axe on Friday and they're coming down this way next week.
Posted on 12/7/11 at 2:02 pm to kfizzle85
You've got a lot of dead wood being purged right now across the industry. We've seen a good bit of strategic reorganization here lately.
Posted on 12/7/11 at 2:49 pm to RedStickBR
The way it was described to me was that they are moving into less and less risk trades, so basically the people that are there to trade riskier stuff are effectively expendable now, and that's who's getting gone.
eta: Dude said they let go 10% of his office and moved a bunch of people from trading to marketing.
eta: Dude said they let go 10% of his office and moved a bunch of people from trading to marketing.
This post was edited on 12/7/11 at 6:02 pm
Posted on 12/8/11 at 5:27 pm to kfizzle85
Passed BEC 
2 left to go.
2 left to go.
Posted on 12/9/11 at 5:39 am to lynxcat
Congrats 
Posted on 12/9/11 at 6:21 am to lynxcat
Congrats.
Posted on 12/10/11 at 1:05 pm to RedStickBR
After about 8 months, I am finally out of credit card debt.
Paid my final balance of $724.34 this morning.
WOOOOOHOOOOOO
Paid my final balance of $724.34 this morning.
WOOOOOHOOOOOO
Posted on 12/10/11 at 1:26 pm to Azazello
With the APR on credit cards, it always amazes how anyone gets into debt with them. With an average rate between 16-17%, I'd love to see the average net ROI for credit card companies. I would guess it's close to 13% or so. Pretty good return thanks to ignorant consumers.
Posted on 12/10/11 at 4:48 pm to RedStickBR
Would like to commend the Houstonian helping to stimulate the economy via the broken glass theory last night. Your decision to break my passenger side window to steal a $30 vacuum cleaner and nothing else will result in a $275 economic injection into the struggling Houston economy. 
Posted on 12/10/11 at 4:52 pm to RedStickBR
quote:
With the APR on credit cards, it always amazes how anyone gets into debt with them. With an average rate between 16-17%, I'd love to see the average net ROI for credit card companies. I would guess it's close to 13% or so. Pretty good return thanks to ignorant consumers.
If you think this is bad, you should take a stroll over to the local Pawn Shop.
Posted on 12/11/11 at 5:59 pm to RedStickBR
Good news, GC finally has a mobile site!
Posted on 12/11/11 at 7:54 pm to reb13
Mobile site is nice; new format and design is total shite
Posted on 12/11/11 at 10:42 pm to lynxcat
(no message)
This post was edited on 12/18/11 at 10:20 pm
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