Money Returns to Wall Street, outsourcing escalates Options

[Peter Everhard]

As we said in Aiming High In White Trash City Investment Banks are the best working environments in the City. Investment Banks were the best working environments in hard time and they are even better in good times.

Both Bloomberg.com and Crains New York Business are reporting on the money returing to Wall Street, while outsourcing escalates.

The above makes investment banker even more desirable, because what the IBanks are outsourcing are the BS jokes that the ugly people and the beauches did (like word processing, mail room service, copy center service etc).

Instead of working today, I think I will spend the day at Ho Alley - The Winter Garden crusing for investment bankers again.

While profits and bonuses have returned to Wall Street, jobs continue to evaporate. Financial services firms are consolidating, automating, outsourcing work, moving operations outside the city and region, and hiring only sparely. The firms had 156,800 employees working in the city at the end of May, compared with 159,200 a year earlier, the state labor department reported Thursday. That's down from a peak of 216,700 in 1999. Wall Street Parties, $325,000 Phantoms Boost New York's Economy