Some mixed news on the job front this Tuesday.
Well, The Big Apple will regain its global markets crown (if it ever really lost it) if those wonderful bureaucrats in Brussels have their way.
Bloomberg reports that Oppenheimer analyst Meredith Whitney has described the turnaround job Citi CEO Vikram Pandit faces as an 'impossible feat'.
'I was glad to see that Here Is The City at last came out and recognised the difficult task JPMorgan Chase CEO Jamie Dimon and his management team have had in dealing with the rescue / integration of Bear Stearns.
Here's the latest missive from our 'Highly Placed Professional':
We've had unconfirmed reports that Goldman Sachs has been busy laying off more support staff in Jersey City, New Jersey. The staff are said to be leaving at the end of the month, and Goldman is thought to have instructed employess to keep mum on the subject.
Check out just how clever you are.
Citi executives, led by CEO Vikram Pandit, gave analysts and investors a four-hour presentation Friday on the 'state of the nation'.
The bold writing under a profile of Merrill Lynch President Greg Fleming in Monday's Times declares that the executive 'is touring the world rallying his troops, demoralised by losses of $19bn and 40,000 job cuts'.
Bloomberg reports that income from AIG's alternative investments group (basically its private equity and hedge fund business) fell 84% from $1.22bn a year ago to just $197m in the first quarter. AIG posted a $7.81bn first-quarter loss last week.