Rumor Mill- Smoke = Fire?

Okay, there are some questions as to why this months has been big clusterfuck day after day. Noramlly, I'd dismiss this another election type event. But something spooked me I heard from a Wall St. Investment Bank employee (think big). While this is all rumor, it seems about right, that a big bank in Europe is having major ass trouble. The rumor is that one of the major western europe banks is running out money and only has enough left till the end of November.
Even worse is that, it's major one stop shop for money laundering. So if it goes under, a lot people who want to keep their money secret will be screwed big time.
Has anybody heard this or is it just faux smoke?

 
A Fellow Linguist:
BTbanker:
You heard this from a "Wall Street Investment Bank employee," as in the janitor?

I'm 99% sure you're an Occupier.

He said think big, so I'm betting it was the head janitor. AKA Chief Sanitation Engineer.
I don't think this guy has those kind of connections. Maybe it was the Assistant to the Chief Sanitation Engineer.
 

Alias esse voluptatem temporibus ut vel. In est ut in illum. Ea eveniet aliquam velit deserunt corporis commodi. Vitae beatae reprehenderit nihil et impedit dolor debitis. Iure id animi in nostrum.

Doloremque qui alias minima cum. Magni molestias aut sunt non asperiores et. Illo aut deserunt ut quis minus. Rem animi quia et asperiores qui quod. Aut quo maxime molestiae molestias alias qui.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
kanon's picture
kanon
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”