1) They have applied to become a bank holding company, which will bring them under Fed control 2) They will no longer be able use high leverage ratios 3) Lower ratios means less potential for returns 4) Lower profits 5) Lower bonuses
All in all I think they will remain strong, though I'd already had enough when I left. Have a friend who says he's had enough as well. It's a pretty brutal culture to work in, the only redeeming factor was the compensation and I can guarantee you that this is going to change.
1) They have applied to become a bank holding company, which will bring them under Fed control
ReplyDelete2) They will no longer be able use high leverage ratios
3) Lower ratios means less potential for returns
4) Lower profits
5) Lower bonuses
All in all I think they will remain strong, though I'd already had enough when I left. Have a friend who says he's had enough as well. It's a pretty brutal culture to work in, the only redeeming factor was the compensation and I can guarantee you that this is going to change.