HP Considers 25,000 Job Cuts and Four Other Stories the Street Needs to Know This Week 5/18/12
by Kyle Colona on May 18, 2012
HP Job Cut plan, JP Morgan $2billion swap loss, Jamie Dimon to testify, Spanish banking crisis, Greece Elections in June.
SocGen Had To Cap Voluntary Layoffs Because Bankers Rushed Out The Door
by Wall Street Job Report on May 18, 2012
Societe Generale now plans to restrict the initiative to front-office employees such as traders and their supporting teams, after receiving 2,200 voluntary severance requests since the beginning of April
Bank Bonuses To Rise in 2013
by Wall Street Job Report on May 18, 2012
Big banks are expected to use a larger portion of profits for employee bonuses this year
Is Facebook a Ponzi Scheme?
by Jon Lewin on May 18, 2012
Not everyone rushed to buy shares when Facebook made its market debut. Forbes contributor Ryan Holiday is so skeptical of Facebook’s financial model that he has urged prospective investors to consider an argument that Facebook is a Ponzi scheme. Holiday, (…)
16 Spanish Banks Downgraded, A $4k Facebook Order, Morgan Stanley’s Bad Week:Wall Street News 5/18/2012
by Wall Street Job Report on May 18, 2012
Top stories on Wall Street today include Morgan Stanley Is Having A Worse Week Than JPMorgan, Santander Among 16 Spanish Banks Downgraded, Facebook Stock Up Slightly, and more.
