Investment banking shocker

Over the weekend, Lehman and Merill are both gone, one bust, the other bought by Bank of America. That’s about 5000 people without jobs in the City of London. I’ve heard of desperate calls for jobs from techies in Lehman. Some of them will find jobs with other investment banks, but I suspect a lot of them will have to quit banking and work for other technology companies. It’s not the end of the world of course…

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