The weekend was adventurous for India; last night PM Mr Modi did the hard selling for India, obviously learning by itself for Investment bankers. The pitch was very strong in the economic sense.
I was reading Traders Guns and money over the weekend and found some interesting jargon and pitches made by the Investment bankers.
Statement: As a Leading dealer with a global platform, we are the major player in the market.
Translation: We have spent a fortune to build this business and are now prepared to spend millions more subsidizing your requirements.
Statement: We have one of the most talented teams in this space.
Translation: Our staff are vastly overpaid and on huge guaranteed bonuses. Continue reading “Investment Bankers Pitch”
Although Lehman brothers is no more in existence but it has provided many strategies to the Investment banking space that are still in use and may be used more vibrantly in the markets.
One of them is the most famous Straight Line Pitch – “Straight line is an impulse selling at its most aggressive and there have been hundreds of thousands schooled and steeped in its traditions over the years”.
Since its beginning in the water street and madison avenue branches of the Shearson Lehman, the straight line has been taught and retaught a million times during countless boardroom meetings and brokerage firm training sessions. Continue reading “The Lehman Method”
As we know this will be the year of Regulators across the globe, the deadlines are approaching to implement the regulations and some regulations already imposed on the financial industry. Trade Repositories to offer their services to Europe’s entities and ESMA’s updated version of EMIR implementation timeline showed the 12th of February as the start date for trade reporting, for all derivative asset classes, for both ETD and OTC derivatives.
Addressing few questions today and will continue to address in the future posts.
Question1: What’s your budget for Regulatory projects? Continue reading “Regulations 🙂 EMIR Trade Reporting – 1”
Recollecting some of the scandals in the Investment banking space from the The Barclays Saga and Libor , LIBOR Manipulation: Any thing for you Big Boyz , JP Morgan : Jamie Dimon Testimony and this series is endless. I believe, some of the quotes of the maverick author holds true here : Continue reading “Quotes From Maverick Author”
Recollecting some of the scandals in the Investment banking space from the The Barclays Saga and Libor , LIBOR Manipulation : ny thing for you Big Boyz , JP Morgan : Jamie Dimon Testimony and the series is endless ..I believe the quotes of the maverick author holds true :
- The main difference between government bailouts and smoking is that in some rare cases the statement “This is my last cigarette “holds true
- The difference between banks and Mafia: banks have better legal regulatory expertise,but Mafia understands the public opinion. Or you can say”Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world” Continue reading “Banking Scandals”