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Thread: Loss of jobs due to zero interest

  1. #1
    Join Date
    Feb 2011
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    Default Loss of jobs due to zero interest

    Zero interest and yield compression means loss of jobs in fixed income

    UBS set to exit fixed income, fire 10,000 bankers
    By Katharina Bart ZURICH (Reuters) - UBS is expected to reveal plans on Tuesday to wind down its fixed income business and fire 10,000 bankers, with shareholders cheering one of the biggest bonfires of ...

    => fixed income bankers will work for farmers in Indonesia soon
    Ride at your own risk !!!

  2. #2
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    Feb 2011
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    Gold hedge fund manager is the new job category

    Ride at your own risk !!!

  3. #3
    Join Date
    Apr 2010
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    Default

    Quote Originally Posted by phantom_opera
    Zero interest and yield compression means loss of jobs in fixed income

    UBS set to exit fixed income, fire 10,000 bankers
    By Katharina Bart ZURICH (Reuters) - UBS is expected to reveal plans on Tuesday to wind down its fixed income business and fire 10,000 bankers, with shareholders cheering one of the biggest bonfires of ...

    => fixed income bankers will work for farmers in Indonesia soon
    they should have earned enough already.

  4. #4
    Join Date
    Oct 2012
    Posts
    286

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    Quote Originally Posted by leesg123
    they should have earned enough already.
    Many of them will be mid office or backroom support staff, probably just making a living too.

    Not all 'bankers' make mega bucks.
    树大必有枯枝,人多必有白痴。
    树无皮必死无疑,人不要脸天下无敌!

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