She is, of course, referring to TikTok’s song of the summer, an anthem for women seeking rich men. “I’m looking for a man in finance / With a trust fund / 6’5 / Blue eyes,” the lyrics go.
Turns out, the song doesn’t exactly capture the prevailing mood in 2024.
NBC News reported from what’s arguably the nation’s prime hunting ground for the very man the song describes — Lower Manhattan’s financial district, the home of Goldman Sachs, the setting of HBO’s Industry, and of course, literal Wall Street.
At the watering holes around these mega banks, we spoke to about a dozen women who gave us the bottom line: they’re not necessarily looking for the finance guy. Though they wouldn’t mind someone who picks up the bill, and then some.
The catchy “Man in finance” tune fits the internet’s current relationship discourse like a tailored jacket.
The song dredges up tensions about money and dating at a time when gender roles are constantly in flux, dating is expensive, women say they’re tired of compromising, and app fatigue is standing in the way of personal connection.
“Man in finance” was first posted as a 19-second TikTok video in April by creator Megan Boni, a 27-year-old from New York. It’s since gotten over 50 million views, been remixed by DJ and producer David Guetta, and earned Boni a record deal.
But TikTok’s obsession with “Man in finance” has transcended the original video. Other creators have weighed in with tips on how to find this elusive finance, trust fund, 6’5, blue-eyed man. One graduate of Harvard Business School even made a video ranking the various finance jobs according to income, free time and likability.
(Venture capital and private equity workers fall at the top of the list, she said, though they will likely mansplain constantly.)
In some major cities, fringe single women have been seen taking to the streets, holding up cardboard signs with the song’s lyrics and beckoning men who match its description.
But despite the phenomenon that she created, Boni said that she, herself, isn’t actually looking for a man in finance.
“I’m looking for someone with a dad-bod who understands my humor, lets me shine a little and balances me out,” she said.
Financial District women concur. Surrounded every day by Wall Street bros, they say they can be summed up by a tailored suit, a backpack, an ego, and an air of hurriedness.
But their ultimate sin: men in finance are boring, young women said.
“They’re like a warm glass of water, and I’d rather have something with a little more sparkle in it,” said Stella Mannell, 22. “They dress the same, you can always spot one… I’d rather have someone who’s fun and vibrant and exciting than someone who has a lot of money. I’d rather go on a date to McDonald’s than go to The Polo Bar with a super lame guy.”
Dothan Bar, 21, who works as an intern at an investment bank, said his co-workers are aware of social media’s collective stereotypes and the fascination with them — and they sometimes lean into the aesthetic to get girls.
“They take care of themselves very well,” he said. “It’s a job that shows a lot about your character and your ambition. … I know people who work 100-hour weeks in finance.”
He’s not a fan, he said, and he’s switching to tech after college.
[Intime News]
In the last five years “we have changed the business environment in Greece, we have recovered what we lost in the crisis, we have obtained investment grade and we have recorded high growth rates,” Deputy Minister of National Economy and Finance Nikos Papathanasis said on Thursday at the 28th Annual Economist Government Roundtable in Athens.
The coordinator of the opposition in Israel’s Knesset Finance Committee, MK Vladimir Beliak (Yesh Atid), criticized on Thursday reports that Prime Minister Benjamin Netanyahu had promised to assist a major haredi school system affiliated with United Torah Judaism MK and Knesset Finance Committee chairman, MK Moshe Gafni, that is currently under legal scrutiny for financial mismanagement.
In a post on X, Beliak wrote that he had received “more and more reports” that Netanyahu had promised to find funding to aid the private haredi school system known as the Hinuch Ha’atzmai (literally “Independent Education”) pay its employees’ salaries and social security benefits for the month of July.
The school system has been in financial trouble since a report in February by the Finance Ministry’s Accountant General Yahali Rotenberg laid out a series of financial irregularities. Beliak accused the prime minister of attempting to unlawfully assist the school system in order to prevent a political rupture with his political ally, at least until the end of the Knesset summer session on July 28.
Beliak warned the “prime minister’s office, the head of the Knesset Finance Committee (Gafni) and all those who are involved in the matter – we are following closely. We will scour with an iron comb every relevant transfer (of funds) that arrives at the finance committee. We will conduct an uncompromising professional, parliamentary, and legal struggle, we will reflect the reality, and we will update regularly,” Beliak wrote.
Gafni threatened a number of weeks ago to quit his position as Knesset Finance Committee chair if a solution was not found to save the school system from bankruptcy, and the inability to do so could lead to a political rupture in the coalition. This could happen irrespective of another crisis regarding the end of the haredi exemption from IDF service.
Despite being privately run, the Hinuch Atzmai and its Shas-run counterpart, Bnei Yosef, enjoy special legal status and receive full state funding. The two systems have received over NIS three billion annually in state funding during the past few years, and they share characteristics with government bodies – they are directly connected to the government’s MERKAVA funding system, and they employ a finance-ministry-appointed accountant to run their finances. However, these school systems are not prone to the same level of oversight as public schools. The presence of the publicly appointed accountant has enabled the systems to avoid effective financial scrutiny, as they have argued that their finances are state-run and therefore not their responsibility.
However, the February report found that the Hinuch Haatzmai had bypassed its accountant and amassed a tax debt of over NIS 80 million, and another report found that the school system had accrued additional operational debts of over NIS 300m. The Hinuch Haatzmai is also facing dozens of challenges in court, including six class actions suits against alleged violations of employees’ rights, including unexplained salary deductions, unpaid work hours, and more. These legal challenges could lead to hundreds of millions of additional shekels of debt.
As a result, the Hinuch Haatzmai in May suffered a bank account foreclosure, and at first was unable to pay its employees’ salaries in June. The Finance Ministry agreed to loan the necessary funds for June, but the system now faces the same challenge for July.
Rotenberg in February threatened that if a solution was not found by July 1, the Hinuch Atzmai and Bnei Yosef school systems would be disconnected from the government’s MERKAVA funding system, and the finance ministry would remove its accountant. This would force the systems to employ independent financial management, and bear full responsibility if it failed to meet tax requirements and financial commitments.
However, Finance Minister Bezalel Smotrich, Minister in the Education Ministry Haim Biton (Shas), and representatives from the Justice Ministry have attempted in recent weeks to come up with an arrangement that would lead to closer oversight of the systems, while keeping them afloat financially by continuing full state funding. FINANCE MINISTRY representatives reasoned that if this did not happen, the Hinuch Hatzmai, which has over 100,000 students and thousands of employees, would collapse, and the state would need to intervene regardless.
Members of the opposition opposed such an arrangement, as did the Movement for Quality Government in Israel (MQG). In a letter dated July 2 to Rotenberg, Biton, Finance Ministry legal adviser Asi Messing, Attorney-General Gali Baharav-Miara, and State Comptroller Matanyahu Englman, MQG called on the Finance Ministry to “publish clarifications to the arrangement that was made, the alternatives that were examined, and the implications on state coffers.”
In an accompanying statement MQG said, “The new arrangement, the details of which have not yet been officially published, which is supposed to include the disconnection of the educational networks from the government’s Merkava system, the opening of separate bank accounts, and the hiring of accountants to supervise budgetary management, may even make the situation worse.”
MQG listed what it viewed as five problems in the arrangement:
First was “absence of substantive reform.” According to MQG, “The arrangement does not include significant structural or financial changes in the conduct of the networks.”
Second was “continued unlimited funding.” MQG argued that “despite the repeated warnings of the accountant-general and the attorney-general, the arrangement continues to allow funding of the private party-political educational networks, without a complete disconnection from the government budgets and without a plan to repay their debts.”
MQG described the third problem as “increasing the state’s responsibility without compensation.” According to MQG, under the new arrangement, “The state takes on additional responsibility for the conduct of the networks, without requiring them to act in accordance with the rules of proper administration and the curricula of the ministry of education.”
The fourth problem, according to MQG, was a “lack of transparency,” as “the details of the arrangement and its consequences for the public have not been officially published, which raises serious concerns about the integrity of the process.”
Finally, MQG pointed out that Biton himself was the former manager of Bnei Yosef, and therefore was caught in a conflict of interest and should not have been involved in the negotiations.
MQG proposed the following steps:
“1. Full and transparent publication of the details of the arrangement that is being drawn up; 2. The establishment of a government inquiry committee to examine the set of relations between the state and the party-political education networks; 3. Re-examination of the funding model, incorporating the principles of transparency, equality and good governance; 4. Preventing the involvement of those who have a conflict of interest in the decision-making process; and 5. Creating a long-term plan to put the networks on a proper footing and to implement uniform standards throughout the education system.”
Gafni’s office said in response to a Jerusalem Post query that it “did not know” about the issue. The prime minister’s office did not respond.
The savings and loan (S&L) crisis terrorised America’s banks for years. Starting in the mid-1980s, a mix of aggressive lending growth, poor risk controls and a property downturn contributed to the collapse or consolidation of over 1,000 small lending institutions. China’s smallest banks are now suffering from many of the same ailments. But until recently few have collapsed or merged with others.
That is starting to change. In the week ending June 24th, 40 Chinese banks vanished as they were absorbed into bigger ones. Not even at the height of the S&L crisis did lenders disappear at such a clip.
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