Wall Street Gets Lean

online.wsj.com — Wall Street's latest problem: too many bankers and not enough deals. Amid new regulation, lower profits and a dreary market for mergers and acquisitions, several banks are planning to trim investment-banking units that were built for an era of deals aplenty. Having already slashed bonuses, banks including Citigroup Inc., Goldman Sachs Group Inc., J.P.
Watch out. I bet this applies to HK bankers too: job culling to "affect the old and the weak." t.co/1NLkguQu via @WSJ
Wall Street Gets Lean; Investment Banks Plan To Trim Payroll t.co/3ujITwy9 via @WSJ
Too many bankers, too few deals means some Wall Street banks are pushing bankers out. Our story on the new lean:t.co/2gwThp7g
As is often the case in Wall Street's Darwinian culture, the culling is expected to affect the old and the weak: t.co/2gwThp7g
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