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Time to take the Tube?

22 April 2008

Deutsche Bankers are taking the Tube and cutting back on strippers. Bankers of America are skipping the soap. Where will it all end?

How far can banks cut costs before being a banker loses its charm? Following hot on the heels of Citigroup’s productivity guru and Bank of America’s possibly spurious decision to do away with soap and flavoured teas, Deutsche is the latest to take on the cost-cutting mantle.

The German bank is reportedly obliging its staff to take the tube and cut back on lap dances, as well as showering and shaving in the airport.

Does this take the pleasure out of being a banker? How will Deutsche’s bankers cope in the 2nd class cubicles? Or is it time for the industry to come back down to earth anyway? Unleash your fury below.

Comments (28)

Goldman are doing the same - showering and changing at the airport after o/night flights, delaying taxi entitlement till after 10pm if working late, cutting back on business travel etc. All the perks that made those 14 hour days bearable are being taken away....

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Comments (28)

  • UBS is cutting back on coat-hangers.

    PC Napweed 22 Apr 2008

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  • ...in case their tragically unhappy employees find a new and inventive way to top themselves on-site.  Think of the liability.

    Jane 22 Apr 2008

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  • As a UBS employee who has been through all the cost cutting measures in the bank since the first subprime hit: no colour photocopying, no taxis, budget hotels etc. I find it completely ridiculous how UBS wastes so much money defending legal claims by various stakeholders. The bank needs to sort of its risk management systems to stop hemorrhaging so much cash!

    Anon, UBS 22 Apr 2008

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  • I'v even had to start bringing in sandwithces from home for my luch now.......not cutting back on stripper though!

    Mr..........? 22 Apr 2008

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  • Bear Stearns is recycling paperclips.  Oh wait, they've always done that.

    Deuce Redberg 22 Apr 2008

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  • Mr......? Asset management - you should bring a dictionary too.

    Clive 22 Apr 2008

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  • Next week we're going to have school tracing paper toilet paper rather than quilted double velvet. I wonder what they have in the MD's wash room

    Smelly Employee 22 Apr 2008

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  • THIS IS the REAL LIFE !!!!!

    Welcome (back) to reality

    xyz, 22 Apr 2008

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  • as long as the strippers take the tube to come to our office we´ll all be fine ...

    George 22 Apr 2008

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  • Goldman are doing the same - showering and changing at the airport after o/night flights, delaying taxi entitlement till after 10pm if working late, cutting back on business travel etc. All the perks that made those 14 hour days bearable are being taken away....

    Anonymous 22 Apr 2008

    RECOMMEND Recommended 0 times | Alert Moderator

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