This is a story of the world’s top five stand - alone Investment banking companies. We all know they do not exist today and have either been taken over, merged or filed for bankruptcy. All of this happened within a few weeks.
This story is not about why all this happened and who is to blame.
I do know that between the five of them, they paid $ 36 billion in bonus to all the "whiz kids"and partners working for them in 2007.
Ouch…..that hurts ! and the worst part of all this is that we will pay more in the coming years.
How can you live with yourself? I was wondering how apt this billboard might be for Delhi –
when you look at traffic sense around you and the callousness Delhi
residents ...
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The Derivative Market Here is an interesting figure to introspect on: until five to six
years back, while the combined world GDP was close to $ 50
trillion, the...
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