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Who was the young lad who went to NY to work for an investment bank? He seemed like a good bloke. How did he get on? I seem to remember him thinking of coming back.

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Who was the young lad who went to NY to work for an investment bank? He seemed like a good bloke. How did he get on? I seem to remember him thinking of coming back.

 

Simon Green? How do you think the credit crunch started? Simon thought Libor was a form of soft mints. 

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I currently work for a bank. I've only ever properly worked for a bank, even though I'm an accountant by trade. When I arrived in London almost a couple of years back, I asked my recruiters to focus on roles outside financial services... but apparently given my limited or focused professional experience, only they wouldn't evenlook at my cv. I knew they were bullshitting me, but at that point I just wanted a job, as I needed to pay my fucking extortionate rent, especially after my extended holiday in the US. I don't consider myself a 'banker' though, as I don't work in the front office.. What I do, wouldn't vary too significantly if I was working in the Finance Department for say... Adidas or Apple, or so I keep telling myself anyways.

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I currently work for a bank. I've only ever properly worked for a bank, even though I'm an accountant by trade. When I arrived in London almost a couple of years back, I asked my recruiters to focus on roles outside financial services... but apparently given my limited or focused professional experience, only they wouldn't evenlook at my cv. I knew they were bullshitting me, but at that point I just wanted a job, as I needed to pay my fucking extortionate rent, especially after my extended holiday in the US. I don't consider myself a 'banker' though, as I don't work in the front office.. What I do, wouldn't vary too significantly if I was working in the Finance Department for say... Adidas or Apple, or so I keep telling myself anyways.

You work in a retail or investment bank?

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I work for HBOS / Lloyds and apart from the rampant swearing and abuse, our office near reaches Wolf Of Wall St style debauchery.

 

Unfortunately.

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Wonga 'considering all options' as compensation claims surge
 
Payday lender Wonga has said it is considering "all options" after reports suggested it was on the brink of collapse.
It follows a surge in compensation claims against the firm, amid a government clampdown on payday lenders.
According to Sky News, the firm has lined up Grant Thornton to act as administrators in the event it becomes insolvent.
It said the ailing firm would make a decision about its future within weeks.

 

Britain's biggest payday lender, Wonga faced criticism for its high cost, short term loans, which some said targeted the vulnerable.
In 2014 the Financial Conduct Authority found its debt collection practices were unfair and ordered it to pay £2.6m to compensate 45,000 customers.

Since then, payday loan companies have faced tougher rules and have their charges capped.

This has hit Wonga's profits hard and in 2016 it posted pre-tax losses of nearly £65m, despite claiming its business had been "transformed".
It has continued to face legacy complaints and was forced to seek a bailout from its backers this month amid a surge in claims.

 

A Wonga spokesman said: "Wonga recently raised £10m from existing shareholders to address the significant increase in legacy loan complaints seen across the UK short-term credit industry.

 

"Since then, the number of complaints related to UK loans taken out before the current management team joined in 2014 has accelerated further, driven by claims management company activity.

 

"Against this claims backdrop, the Wonga board continues to assess all options regarding the future of the group and all of its entities."
ccording to Sky, the firm is exploring the possibility of a pre-pack administration process similar to that used recently by House of Fraser.
However, it could also look to sell assets, including its Polish subsidiary to bolster its cashflow.

 

It has held detailed talks with the Financial Conduct Authority, the City regulator, about its options, Sky reported.
It marks a huge fall from grace for Wonga which, in 2012, was touted to be exploring a US stock market flotation that would have valued it at more than $1bn (£770m).

 

https://www.bbc.co.uk/news/uk-45313958

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Fuck them. Hope the people in charge end up penniless.

Sadly I fear the outcome will be very much the opposite, they may have to sell one of their “other” homes at some point though

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