Wall Street Headcount Falls

That's because when State Street announced their headcount cuts, they were all in Boston and it had nothing to do with New York, even though State Street primarily serves institutional investors such as hedge funds, overwhelmingly based in NY.

- The Gospel according to LICCdope.

"Total Wall Street employment, which includes investment banking and securities dealing, climbed a slight 0.2% to 162,200 from 161,900 a year earlier."

So what is the difference between "working in investment banking and securities dealing in New York City" and "Total Wall Street employment"? Does that mean they got rid of bankers and traders but kept the janitors and hottie Investor Relations chicks?

Old Man steve continues to babble on . . .

The old man made a fool of himself, as usual, in his State Street discussion, and obviously it is still bothering him.

LICC, trust me, I've got way more friends on WS than an LIC apt owner.... it ain't looking good for bonuses esp with the EU hammer on bonuses for ALL its affiliated US based subs.

think about a 25% cut in bonuses. More importantly the rumor is that this is not a ONE yr blip, it's a slow and steady decreasing comps and more and more leverage is wrung from the system. You know the BULLSHIT leverage that allowed ninnies like you buy that $1MM studio in LIC, then maybe you'll begin to understand my stance on NYC RE..... oh my bad, LIC will be just fine..... I wouldn't want you to kick your poodle today.

LIC will be an island in the storm

Bothers me?

HAHAHAHA!

If it bothered me, LICCdope, I wouldn't repeat it. It's plain: the State Street case was just one step in an ongoing process.

Only you can deny the obvious.

AvUWS, I read it the same way. The number of PROFESSIONALS declined 17%, overall employment was flat. I asssume "professionals" are the ones making money.

maybe ericho got a job cleaning shoes at goldman.... net net, still living in LIC.. .so WTF do i care?

As a public service, I present a copy of an importnat comment that does not belong on ignore:

w67thstreet
about 1 hour ago
stop ignoring this person
report abuse

maybe ericho got a job cleaning shoes at goldman.... net net, still living in LIC.. .so WTF do i care?

btw sls, what did you do to earn esteemed gray status?

six seven's grayness is likely a result of his fine humor, but you never seemed to push any envelopes