Bankers Told to Watch What They Say at Bar

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Bankers Told to Watch What They Say at Bar

Bankers Told to Watch What They Say at Bar

CNBC-

In the boom years, conspicuous consumption in the bars was investment bankers’ natural release from long hours in the office. Now the office sits on their shoulders while they sup.

After a series of banking scandals, banks’ compliance teams are ramping up their checks on every aspect of office life, such that even social outings are under scrutiny, with training sessions on what you can and can’t say over a beer with colleagues.

“Everyone is more paranoid, that’s for sure,” said one department head at a European investment bank, where the trading floor is festooned with posters reminding staff to report any suspicious behavior.

[CNBC]

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