Sammyboy RSS Feed
02-06-2016, 04:10 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
What is more paradoxical, is that while in 2014 banks complained about the lack of volatility as the scapegoat for not generating enough revenues, in late 2015 and early 2016 it has been too much volatility that was the culprit. Unfortunately, since the Goldilocks market appears a thing of the past, we expect stories such as this one to be the norm in the coming months as the banking industry struggles to rationalize its income statement to a new normal that is no longer overtly generous to banking profitability.
http://www.zerohedge.com/news/2016-0...stment-bankers (http://www.zerohedge.com/news/2016-06-01/goldman-fires-dozens-investment-bankers)
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?230579-Goldman-Fires-Dozens-Of-Investment-Bankers&goto=newpost).
What is more paradoxical, is that while in 2014 banks complained about the lack of volatility as the scapegoat for not generating enough revenues, in late 2015 and early 2016 it has been too much volatility that was the culprit. Unfortunately, since the Goldilocks market appears a thing of the past, we expect stories such as this one to be the norm in the coming months as the banking industry struggles to rationalize its income statement to a new normal that is no longer overtly generous to banking profitability.
http://www.zerohedge.com/news/2016-0...stment-bankers (http://www.zerohedge.com/news/2016-06-01/goldman-fires-dozens-investment-bankers)
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?230579-Goldman-Fires-Dozens-Of-Investment-Bankers&goto=newpost).