In banking, you can run but you can’t hide…

When I go to local networking events like Chamber of Commerce lunches, I always see some former colleagues from the banking world. In the turbulent banking market of the past few years, it’s not uncommon for them to be plying their banking trade at a different national, regional, or de novo (fancy banking word for “newly started”) local bank.

This news report in the Gannett owned Courier Post suggests that it may become harder for people to bounce between banks when they merge, especially if they have a past history with the acquiring bank.

Citigroup Follows AIG Lead - Nice expensive party...

We found this post on the Meetings Podcast blog site. It's called Citigroup Follows AIG Lead.

Did we not warn you earlier that the idiots running major financial institutions were going to continue to rob the taxpayers blind? How in heaven's name can these executives take hundreds of billions of dollars in federal money and continue to throw party after party and not be held accountable?

At least Bernie Madoff is under house arrest. Why isn't Vikram Pandit being asked about these completely inappropriate expenditures?

Eventually people will be so sick of this nonsense that they will refuse to pay their loans and credit card bills. Who can blame them? Invite us to these parties!

McGraw-Hill cutting 375 jobs, including 50 in financial services

No word regarding whose jobs have been eliminated, but BtoB website reporting 50 financial services jobs are included in the latest round of cuts. Anyone want to share some info?