WALL STREET'S BIGGEST EXCHANGE: FINANCIAL FIRMS EMBRACE CASUAL; LAST STRONGHOLD OF THE SUIT CRUMBLES AS FINANCIAL FIRMS ADOPT BUSINESS CASUAL.(Brief Article)

Daily News Record, March, 2000 by BRODSKY, RENATT

NEW YORK -- Citing the Internet, the new economy and recruitment challenges, a wave of Wall Street firms -- the staid pillars of the financial community -- have moved quickly in the last two months to embrace "business appropriate," and "business casual" year-round dressing policies.

Add more than a thousand investment bankers at Donaldson, Lufkin & Jenrette and Warburg Dillon Read to the list of financial professionals who now have the option of dressing casually or, as the firms say, to the standards of the client. As of early February, J.P. Morgan and Goldman, Sachs had also extended that option to its bankers.

"All these companies are realizing that they're old economy companies and they have to make themselves look as new economy as...

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