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How Credit Suisse upset some friendly bankers having happy fun. The most stressed people at Blackstone

Do you remember DLJ? It seems that you do if you were there. Donaldson, Lufkin & Jenrette was the archetype of a happy friendly investment bank where everyone liked each other and the fun flowed like tidal silt. So say those who experienced it. "We had a culture. We liked each other,” said DLJ's former co-head of M&A at a reunion party that Bloomberg happened to...

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Goldman Sachs & Morgan Stanley reached the same conclusion about hiring. Why banker layoffs are about more than cost-cutting

Goldman Sachs and Morgan Stanley are following a similar trajectory. Both have cut or are cutting around 6% of their workforces. Both want to focus more on wealth and asset management (although Morgan Stanley is further down this road). And both are growing in Paris.  Morgan Stanley in particular is redoubling its efforts in the French capital. Reuters reports that as Morgan Stanley increases headcount...

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Britney Spears Amped Up on Caffeine, Coffee, Red Bull, Celsius

Exclusive Britney Spears Amped Up on Caffeine Coffee, Red Bull, Celsius 5/10/2023 12:50 AM PT Britney Spears drinks caffeine drinks by the gallon, something experts say is not great but unsurprising for people with mental illnesses. Sources with direct knowledge tell TMZ, which has produced a documentary that will air Monday, Britney guzzles Red Bull, Celsius, coffee, and dandelion tea almost nonstop. We're told she...

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