Ohhhhhh... Thats too bad. Whatever will those marketing directors do with themselves when their unemployed. I hear MickyD's is hiring...
Wall Street Is About To Start Bleeding Traders
The Wall Street jobs story everyone's talking about today is in the Wall Street Journal, and it's ugly. The gist is this — get ready for a mass exodus of traders from top Wall Street banks. It's not hard to understand why. The market is quiet. As a result, trading — in bonds, credit, currencies, what have you — just isn't the money maker it used to be. People have been warning of this hole in bank balance sheets for months. Especially in the 2nd quarter, analysts expect trading revenue to nose dive, and it's key revenue – at Goldman it makes up 30% of their quarterly haul. This deficiency means banks must ... (full story)