November 25, 2008

The analysts who make buy and sell recommendations about Wall Street banks have had a front row seat to the financial turmoil. But now, some of the analysts who covered the carnage are starting to fall victim to it.The EssentialsGoldman Sachs, Citigroup and Bank of America have recently dismissed analysts who covered some of their competitors. The analysts were particularly prominent within the industry because they were often quoted in news stories and invited to meetings with bank executives. They were the voices who questioned executives on earnings calls, and they were often the ones who cast most doubt on their field.Now they join a growing pool of bankers and traders losing their jobs just before bonus time.