Barclays

Welcome Back to 2006: Top #InvestmentBanking Headcount Roundtrip

Well, it would have been the Top 10 investment banks, but @Barclays doesn't publish quarterly headcount for some reason. Maybe they will help us fix that. Anyway, for the Top 9 investment banks, total headcount is down 13% from its peak in Q3 2011. And, with at least 2 of the 9 - @Deutsche Bank and @CreditSuisse - reporting significant headcount reductions for the road ahead as part their year-end 2016 financial releases and 2017 guidance, it's not much of a stretch for us to predict that the Wonkavator is highly likely to travel further back in time than year-end 2006 (see below). I just want to let this picture dangle for a bit without much comment. We will be revisiting and significantly expanding this analysis in the weeks and months ahead as we roll into the development of our 2nd Annual Global Bank Technology Spending study. Stay tuned...

By | 2017-04-28T09:47:09+00:00 March 2nd, 2017|Alphacution Feed|

Dodd-Frank in Douchebagistan (During the Age of Radical Innovation)

Here's an Inauguration Day rant for you: They hadn't even finished counting the ballots for the new POTUS when, on November 10, 2016, one of the great poster-children for modern-day douchebaggery, Alan Greenspan (@realGREENSPAN)  said to CNBC "I'd love to see Dodd-Frank disappear; a "disastrous mistake." Hasn't this guy figured out that he is way past his sell-by date? Anyway, just bookmark the timing of that statement while I set up today's metaphor: Roll back the clock a few decades to the early 1980's - height of the Reagan days - when those in the halls of power concluded that they could sell increasing levels of consumption to more of the masses (the "American Dream) by helping them lever their assets. The federal government played the game, too - of course. This was the real-life birth of the Avengers Initiative. Collectively, we The People, asked (or allowed) our representatives in capitol buildings across the land to help make it easier for banks to engage in financial engineering so that people on Main St. could consume more fancy stuff with [...]

By | 2017-04-28T09:40:52+00:00 January 20th, 2017|Alphacution Feed|