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rpm4's picture

Safest area of the banks

by rpm4 (Senior Chimp, 20 Banana Points Points) on 6/19/08 at 10:52am

Given the across the board "nobodys safe" layoffs across pretty much all banks/divisions, is there any groups or areas that are 'realatively' safer in this downturn? I'm thinking maybe areas like public finance or some plain vanilla trading desks?

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mlamb93's picture

Private Bank and PWM

by mlamb93 (Senior Baboon, 208 Banana Points Points) on 6/19/08 at 10:57am

not the most glamorous, but easily the safest

ToBankOrNotToBank's picture

see public finance at UBS

by ToBankOrNotToBank (Senior Baboon, 241 Banana Points Points) on 6/19/08 at 9:44pm

see public finance at UBS (among others I assume)...
generally, the core groups in IBD that will have consistent dealflow are "safest" (especially the basic desks within product groups like ECM and DCM) but nothing's safe when the ax starts falling
as for trading, don't know much but my understanding has been that it's more about desk risk and p&l more than how vanilla your product is