Lehman Brothers bankrupt!

[whyiamdointhis]

Lehman Brothers' move to file for bankruptcy on Monday wiped off more than Rs 2,000 crore from the market valuation of those Indian companies in which the US financial major has made equity investments.

Lehman itself recorded a loss of more than Rs 50 crore (Rs 500 million) on Monday on its investments in India, which is nearly 10 per cent of its current holding worth an estimated over Rs 500 crore (Rs 5 billion).
So friends don't wait for LB it's not coming..........

[RaptoR]

Lehmann bankrupted & Merryll Lynch sold out....

[agent47]

kya yar ek hi to bank aata tha wo bhi gaya!!!!

[RaptoR]

kya yar ek hi to bank aata tha wo bhi gaya!!!!

Haan ab UCO bank ko bulana padega!!

[dragon]

Why forget Yes! Bank, if the party's on? Seriously guys.. These people(Lehmann, McKinsey, Merril Lynch etc. etc.) go to DU for the same profile they offer here.. What's the big deal?
I for one would prefer a core engineering job(no code copying, thank you), over these anyday..

[whyiamdointhis]

sarakri job is more than good enough these days i would say the people who r through to IOCL,BHEL,BHEL,NTPC and many more r the luckiest guysssss ,as the future of i-banks ,KPO,BPO's is not good.But one thing for sure that good amount of emloyees will be available in market at the cheaper price............ we are going in backward direction it's the most intense moment after the "GREAT DEPRESSION".First LEHMAN ,Than it will be MERYLL LYNCH and than CITI BANK in row who will for sure file for bankrupcy if not now than later....source from the smartest player in i-bank GOLDMAN SAC so guys be sure about ur job that either in CORE SECTOR or in some SERVICES OR I-BANK....aare yar core walo ki toh nikal padi
IT is in damn serious position.....

[born2rule]

some say UBS,CITI AND HBOS are next to fail for sure

and sarkari jobs are always good due to job safety,power and good work timings
only todays mindless and naive youngsters feel they r bad and worthless.

todays toi said 25k jobs will be cut in IT sector due to LB collapse

ps: dunno what the figure will be when many other banks fail

[RaptoR]

GOLDMAN SACHS???

sirji this firm reported 70% loss when lehman reported 95% loss!!!

so no "player" thing here!

[whyiamdointhis]

GOLDMAN SACHS???

sirji this firm reported 70% loss when lehman reported 95% loss!!!

so no "player" thing here!

hey man check out the headlines it's not the loss...what they said is their profit is lessen by 70% as compared to last year....man LB ne toh jana hi tha...satta khelte the recruiting people for 20lc...GOLDMAN SAC 7 lac...also GOLDMAN has lots of hedge fund so dude don't think that GOLDMAN SAC will face this much Bad situation ......,strong policies can be seen...top 5 ibanks mein only GOLDMAN will last long...just wait and wait....

[dragon]

It's the next three years that are important for the sector.. There is going to be a major shakedown.. And next in line is retail.. Reminds me of the bubble years of IT.. before the firms went bust.
Finance is in for a consolidation.. And although Lehmann going bankrupt is surprising, it was not at all unexpected. I agree with whyami.., that Goldman Sachs is in a comparitively better position. But even they'll be forced to lay off people, perhaps streamline operations, get out of developing markets.. What I don't understand is Barclays' position.. IS it going down? If so, why is it still intent on aquisitions?