Anxiety is simmering in Wall Street’s kinder era for incomers amid the prospect of shrinking bonuses and layoffs.
| On a boat under the Statue of Liberty at happy hour one August Thursday, young Morgan Stanley colleagues sipped champagne and smiled. Two Citigroup banking analysts left the company’s headquarters by 5.40pm to drink across the street. A young investment-banking analyst who came close to burning out last year now has enough free time to take in Broadway shows.
The Citigroup analysts, one wearing jeans and a polo shirt, the other in jeans and a pink button-up, were drinking beer at Greenwich Street Tavern on a recent Tuesday as a swarm of colleagues headed out from the bank tower across the street. Last year, Wall Street’s overworked young bankers rang alarm bells in a way few industry rookies had ever dared, telling bosses they were miserable and exhausted. In response, several bosses raised their salaries and vowed to give some free time every weekend.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NSW flood report backs raising dam wall, new reconstruction authorityNSW will establish a dedicated Reconstruction Authority in response to an independent report set up to investigate floods that devastated the Northern Rivers.
Read more »
NSW flood report recommends raising Warragamba Dam wallOver 55,000 people living on the flood plain in Sydney's West would be forced to evacuate, should a once-in-a-century flood engulf the area. Inquiry findings into this year’s flooding and response reveal 23,000 of those evacuating would be unable to flee the Hawkesbury-Nepean Valley, with current flood forecasting and road networking. Recommendations in the report include a $2 billion investment into raising the Warragamba Dam wall.
Read more »
ASX to rise, retailers lift Wall StAustralian shares are set to open higher, following gains in New York where Walmart unexpectedly forecast a brighter outlook. Oil fell. BHP soared.
Read more »
‘Expensive’ and ‘slow’ to raise Warragamba Dam wallWestern Sydney University's Dr Ian Wright says it will be “expensive” and “slow” to raise the wall of Warragamba Dam. Mr Wright said the process to raise the wall could take a decade. “And I’m not sure how effective it’s going to be,” he told Sky News Australia.
Read more »
NSW flood inquiry opts not to recommend raising of Warragamba dam wallPremier says he will push ahead and seek funding to raise wall 14 metres despite concerns for endangered flora and fauna
Read more »
ASX set to drop after volatile Wall Street session, UK inflation surges to highest since 1982The Australian share market is expected to fall slightly after a volatile session on Wall Street, consumer inflation in Britain surges to its highest level in 40 years and the Australian dollar tumbles ahead of the official ABS unemployment figures being released.
Read more »