Cityboy's articles
Goldman Sachs put profits above clients' needs ... this is no shock to me!
Submitted by Cityboy on Wed, 03/14/2012 - 10:01.
 A senior Goldmans executive, Greg Smith, has sent an open resignation letter to the NY Times in which he explains how the culture of the firm has lost its way over the last two decades. He complains that the company is interested purely in making profits rather than serving its clients (who he claims many colleagues refer to as Muppets!)and blames current CEO Blankfein for the decline in the company's 'moral fiber'. An article I wrote last year for Square Mile on Goldmans explains why these revelations comes as no surprise to me. Read on ... |
Why rogue traders will always be with us
Submitted by Cityboy on Wed, 03/07/2012 - 10:57.|
What makes a great trader? Well, without wishing to expose a worryingly poor grasp of biology I’d say the perfect trader would be the bastard (grand)son of Dirty Harry, Field Marshall Montgomery, Gordon Gekko and Harry Houdini.
|
How I cost my bank $528m
Submitted by Cityboy on Tue, 02/21/2012 - 20:28.|
It’s a terrible thing to realise that you might have cost your bank $528m but that’s exactly the conclusion I reached after reading about the legal case currently facing Commerzbank! |
Ballsy bankers bag big bonuses
Submitted by Cityboy on Sat, 02/11/2012 - 12:19.|
Over the last weeks bonuses have became the talk of the town. RBS boss Stephen Hester was harangued into giving up his £1.2m new year’s present two weeks ago and last week Ed Milliband, the leader of the Labour Party, asked Parliament to vote on excessive pay and the City’s ‘bonus culture’ claiming that it has got ‘out of control’. |
