They will probably get rid of low-level jobs in high-cost cities, such as London, New York and Hong Kong.
More Quotes from Judah Kraushaar:
Multinationaltrust banks will probably broadly deliver on Wall Street estimates. However, we expect the quality of earnings to be poor as securities gains and other unusual items will commonly be used to offset weak trading results.Judah Kraushaar
This is very consistent with Citigroup's strategy to build and internationalize its key businesses and also to focus on businesses it thinks it can grow at a very rapid pace. Over the past 10 years, Associates First has had 23 percent compound growth in pre-tax earnings and a high growth operation ... which is consistent with Citibank's focus on acquiring high-growth targets.
Judah Kraushaar
We would not be surprised to see 4-5 billion in proceeds from this transaction, which may be used for buybacks or, more likely, to support acquisitions of better growthhigher margin businesses.
Judah Kraushaar
To explain the initial positive stock price reaction, we point out that investors seem to be taking their cue from the prospects for lower interest rates and from the realization that Goldman Sachs was able to avoid a big reported EPS disappointment even
Judah Kraushaar
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Based on Topics: Cities QuotesBased on Keywords: high-cost, low-level
The real trouble with war (modern war) is that it gives no one a chance to kill the right people.
Ezra Pound
Whoever feels predestined to see and not to believe will find all believers too noisy and pushy: he guards against them.
Friedrich Nietzsche
Half of me is very excited and the other half is 'Haven't we seen this stuff before?' But I'm very impressed. I almost couldn't picture it when it was being put together. I couldn't picture it being in my hand, what it would look like.
Jaime Hernandez