Wall Street “Bros” Spend Big $$$ on Wild Nights of Debauchery

By:  Daniella Doria

An exclusive New York Post report details the wild excesses of Wall Street big shots.

Last month,  a group of rowdy Deutsche Bank employees was axed after expensing the firm more than $1,000 for a night of naughtiness at Sapphire, a Midtown gentlemen’s club. The Wall Street bros crowd is sitting on tons of money and lots of pent up energy saved up from months and months of being confined at home during the pandemic means wild and crazy nights out on the town.

“Most people have lost two years of their lives due to COVID,” a nightlife insider told The New York Post. “They’re looking to make up for lost time. They have more money to spend than they know what to do with. I have a feeling that 2022 is going to be 2006 on steroids.”

“The increased appetite for adult shenanigans has helped make Somewhere Nowhere, which opened last July on the 38th floor of the Renaissance Chelsea hotel, a prime nightclub destination for the rich and horny finance crowd,” reports Michael Kaplan. ““Having fun on a hotel property is an asset at a time when people crave being in rooms with beautiful women,” the insider said. “Wall Street guys party upstairs, they meet girls and go right down to one of the hotel rooms. I’ve seen guys bring girls down, do what they do and then come back up solo. They want to keep the night going.”

The scene is hopping at Valbella, in Midtown, which, after 5 p.m. attracts flocks of guys from Goldman Sachs, Merrill Lynch and Bank of America. With people working at home some days and spending others at the office, manager/wine-director Elio Papa told The New York Post, “Thursday is the new Friday.”

Expense accounts are back in play. For some two years, due to pandemic fears, Wall Streeters were not allowed to entertain, and that put a crimp in the lifestyle. “When bankers took me out, I had to pick up tabs,” said a client. “Now the entertainment budgets are back and they are making up for lost time. It’s $12,000 dinners at Hawksmoor with $2,500 bottles of Chateau Margaux.”

The New York Post reports, “Or else they can make like some of their stock-slinging bros and skip the g-string formalities altogether. They just need to know where to go. A source inside the nightclub world told The Post that a venerable Italian restaurant in Soho “is the definitive place to go if you are a Wall Street guy with a bonus of $500,000 or more who wants a young prostitute.” He added, “You go there and see very attractive women sitting alone or with equally attractive friends or with less attractive men and you might wonder what the connection is. It’s an extremely deliberate kind of matchmaking and is booming right now.”