Now This Isn't Funny - Even If It Was A Joke

Pointing The Finger

Why bankers get a bad name.

The Wall Street Journal reports that as British regulators completed an unrelated probe into whether brokers at a well-known broking firm provided illegal kickbacks to win business from traders (no charges were brought as a result of the probe), they unearthed a series of transcripts (reviewed by the newspaper) of electronic-chat sessions which captured some eyebrow-raising banter among London brokers and traders.

The newspaper reports that in a July 2009 exchange, a firm broker is chatting with a trader at a major U.S. bank, recounting a rowdy night out with some women. 'they really like u .. say u r a super nice guy', the broker writes to the trader. Then the broker adds: 'u heard opf the date rape drug? i bought some. i need to gtee success' (The typos are in the original.)

And in February 2009, another firm broker messages a trader at a major hedge fund about their plans to meet the following night.

Broker: still up for tomorrow mate?

Trader: in cznary wharf? (Canary Wharf, a major London financial district)

Broker: yep

Trader: I have just been asked to Chelsea Juventus (a Champions League soccer match taking place in London)

Broker: such a h0mo

Trader: what are you doing and with who?

Broker: lots of 16 year old fit women in next to nothing

Broker: but you got chelsea

Broker: Zzzzzzzzz

Trader: eh?

Trader: what on earth ar eyou going to?

Trader: you just told me you were going to a drink in canary wharf

Broker: we are

Broker: but ive hired some ladies

Trader: you are crazy

Trader: what time and where?

Broker: you got football

Trader: yeh, at 8pm!

As the newspaper points out, it’s unclear whether the brokers, who are identified by name in the transcripts, are being sincere or sarcastic in some of their remarks. They no longer work at the firm.

Hit the link below to access the complete Wall Street Journal article:

Crude Broker Talk Surfaces in London Trading Probe 

image: © Lisamarie Babik

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