Hearing rumblings about cuts hitting the coverage groups first. Anyone have actual color or is this just the usual Q2 fear-mongering before bonus season? Asking for a friend who is me.
Every June this thread gets posted about a different bank. Touch your model, ignore the rumor mill.
Hearing it's more of a "managing out the bottom" than a headline RIF. Coverage first, yes.
A staffer left "to spend time with family" on Tuesday. Read into that what you will.
Pitch books, protected weekends that aren’t, and exit-opp math. Say what the desk is thinking but won’t put in an email.
＋ New threadMarkets, deals, and the group chat — for people who read the footnotes.