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 | Merrill Lynch Will Fire Aging Advisors Who Don't Bring In More Than $250,000 Per Year

Beginning at the end of next year, Merrill Lynch advisors with ten or more years experience, who fail to produce at least $250,000 in annual client commissions and fees, will be demoted, Financial Advisor reported. Those who don't make the cut will either be told to leave entirely, or ousted to a lower-ranking position such as a client associate. Read » |
 | "I Got The Fever": Ex-Goldman Sachs Analyst Authors Book On Cougar Sex And Interracial Dating

JC Davies was an equity research analyst at Goldman Sachs and then at RIM Securities before she lost her job in finance in the fall of 2008. Quite the fire-cracker, 40-something year old Davies, instead of scrounging around for another Wall Street gig, decided to write a self-help book. On sex. Read » |
 | Prince William Breaks The Record For The Biggest ForEx Trade Ever

Prince William broke the record for the biggest FX trade with a voice-brokered, forward transaction, the Telegraph reported. William brokered a ~$22 billion FX trade between Barclays and Credit Suisse on the phone at the ICAP London office on Wednesday. And he had SO much fun doing it. Read » |
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Morgan Stanley Is Cutting Bonuses By 10% to 25%
Morgan Stanley told its executives to prepare to budget between 10% to 25% less for bonuses this year, the Wall Street Journal reported. The cuts will likely affect traders, back-office staff and other bank employees, but strong performers in the i-banking division and in equity capital markets might be exempt. Read »
Outrage In Ireland: As Bailed Out AIB Hands Out $50+ Million In Bonuses
AIB Bankers will be paid €40m in salary bonuses this year – exactly six months after Brian Lenihan said: "We can't go back to those mad bonuses." The news that AIB is to hand out the massive Christmas bonus – averaging around €16,700 to each of 2,400 'key' staff – has been greeted with derision in the week that €6bn of cuts and taxes were announced in Budget 2011. Read »
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