What Banking Phrases Can You Not Stand?

Two weeks ago, a thread was created on favorite banking phrases. It blew up, and numerous monkeys shared some hilarious jargon used in this industry. If you haven't seen it yet, I definitely recommend checking it out here. However, this thread got me wondering the contrary...

What phrases or terms do you hate hearing in the office?

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Comments (40)

Most Helpful
Sep 20, 2018

I'll start...

"P&L" instead of "income statement."

"Income" when they mean "revenue"

Yung Bull

    • 11
    • 3
Sep 25, 2018

This.

I was on a networking call and was told to know how a P&L works for interviews and had a mini panic attack til I realized he was just talking about an income statement

    • 1
Sep 26, 2018

What is the difference (P&L and Income Statement)?

Sep 27, 2018

The type of people who use each one

"We must all suffer from one of two pains: the pain of discipline or the pain of regret. The difference is discipline weighs ounces while regret weighs tons."

    • 11
Oct 8, 2018
CapTable:

The type of people who use each one

Lmao LOL'd at my desk just now

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Oct 5, 2018

I group this in w/ ppl who say "EBIT_D_A"

I come from down in the Valley, where Mr. when you're young, they bring you up to do like your daddy done.

    • 3
Oct 6, 2018

Yes the EBIT D A people are the worst

    • 1
Oct 6, 2018

Income for revenue kills me. Two extremely different things

    • 1
Oct 6, 2018

To be fair tho, full name is Statement of profit and loss and other comprehensive income on the financial statement ..

Before you ask, I don't party much.

    • 4
Sep 20, 2018

big short

What concert costs 45 cents? 50 Cent feat. Nickelback.

    • 1
Sep 26, 2018

I love these, keep it up.

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Sep 21, 2018

Robust growth.

This is often followed by some insane, brainless growth rate on three or five year revenue forecasts in a teaser or even worse a CIM. Not uncommon either, but these forecasts are sometimes supported by historical financials with a year or two missing. For example, I saw an insurance deal where the bank omitted the time when Katrina hit. I understand that there are unfavorable market forces, but I still want to know how a business did under, in this case, potentially expected duress.

Listen, I get that this influence of presentation strategy is sometimes client driven. However, it's my job to be skeptical, and I'm especially not going to trust some banking team who provides shifty information from the start. I will dump 927,373,378,378 diligence questions on you because I think you are running a murky process. This inquiry is especially intensified if your slick documents/presentations are occupancied by slicker, meaningless words and empty numerical content outside of the aforementioned willful revenue omissions.

I have to add that most of the best banks rarely send this type of information. However, there are select industry teams who seemingly embrace sending terrible marketing documents.

    • 1
Sep 25, 2018

Two more I don't like:
1. "Deep dive" into the financials
2. "Touch base" with someone

Why do people even use these...

Yung Bull

    • 1
Oct 6, 2018

Is "touch base" an American thing? We say catch up here in the UK.

Oct 8, 2018

I guess so. Not really sure, but I have only heard people say it here in the U.S.

Yung Bull

Sep 26, 2018

HATE
"bandwith/capacity" for time
"face time" for waiting around
"circle back" for get back

DON'T HATE
"scrub"
"flip the books"

"We must all suffer from one of two pains: the pain of discipline or the pain of regret. The difference is discipline weighs ounces while regret weighs tons."

    • 2
Funniest
Sep 26, 2018
  • "I'm gonna need you to come in this Saturday"
  • "There's an error in your model"
  • "The company is encouraging you to pursue other career options at this point"
  • "We're your friends and this is an intervention, you are addicted to cocaine"
  • "I'm sorry, you are not the father"

Am I right guys?

    • 59
Sep 26, 2018

"I'm gonna make him an offer he can't refuse" when they try to sound Italian and there is not really any offer being made. Sounds stupid as fuck

    • 1
Sep 26, 2018

foodinLOBBY!

Sep 26, 2018

"I'm coming right down."

10 min later

"Joe's Shanghai?"

"Dos Toros."

"Joe's Shanghai?"

"Mangia."

"Fuck, I wish I ordered Mangia."

Calls delivery guy

"Where in the lobby are you?"

"5minaway."

suicides

    • 22
Sep 26, 2018

Always Dos Toros.

“Doesn't really mean shit plebby boi. LMK when you're pulling thiccboi cheques.“ — @m_1
Sep 26, 2018

Single most accurate post on WSO to date.

    • 2
Sep 27, 2018

Mangia's good stuff.

Sep 27, 2018

This is the realest thing I have ever read

Sep 26, 2018

"Thanks"

Sep 27, 2018

Especially "Thanks." With the period at the end, just to show extra disdain for that model you spent 36 hours on...

    • 2
Sep 27, 2018

tks.

    • 2
Sep 29, 2018

EBITDA pronounced as "EEE-BIT-DEE-AY"

Yung Bull

    • 1
Sep 30, 2018

Execs making excuses by saying "its a challenging environment" or "challenging space"

The world isn't an "environment" or "space". If you're talking about a specific industry or sector, just say that. Environment sounds like you're making excuses and saying everything is beyond your control, like the weather. If it's so bad and truly outside your control, you probably need to exit the business!

Sep 30, 2018

Could you provide some more color on xxx

    • 3
Oct 5, 2018

"Gonna need that ______ by tonight." (Proceeds to not look at it until a week later)

Oct 5, 2018

pls fix. thx

    • 1
Oct 5, 2018

For the HF industry:

"Lapping tough comps"
"Halo effect"
"Mix shift"
"Growth Algorithm"
"LSD/MSD/HSD"

Oct 6, 2018

"Can you own that?" When being voluntold to take the lead on some shitty administrative project or really any project for that matter.

"Taking a 30,000 ft view"

"Let's look at this holistically"

"That's right in your wheelhouse"

"That really resonates with clients"

"We have many tools in our toolkit"

    • 2
Oct 6, 2018

Robust. The way bankers use it, it can mean one of two things and both are irritating as fuck.

  1. "Robust growth" - just say high growth. Better growth. Whatever.
  2. "Make this [deck/page/model] more robust". In other words, senior banker wants the work product to be better somehow, but can't just say the work sucks because he doesn't have grounds for saying that (i.e. he mismanaged the process or gave the wrong directions or something) and he doesn't plan on giving helpful guidance, so he just tells you to make it more robust. Landing him on my secret list of people who will mysteriously disappear from the face of the earth in the unlikely event I'm ever in a position of immense power.
Oct 6, 2018

"Run point" is also dumb

Oct 6, 2018
  • "Thought leadership," aka ghost-written drivel on LinkedIn that no one reads
  • "Leadership" when referring to MDs or above. OK, North Korea.
  • "Transforming / innovating / disrupting X"
  • "Price point" What's wrong with price?
  • "Deliver" Unless we're talking about pizza
  • "Utilise"
  • "Impact" as a verb
  • "Tackle [a problem]" Didn't know I was signing up for rugby
  • "Going forward" I didn't ask for directions
    • 1
Oct 8, 2018

Finance pronounced as "fuh-nance" / "fin-ants" instead of "FIGH-nance".

Yung Bull

    • 4
Oct 8, 2018
Oct 10, 2018