Tag:
brokerage business
Latest Headlines
Latest Headlines
Superstition: Krawcheck kills banks
So just how superstitious are you?
Are you the type that has to wear certain clothes (your lucky underwear?) when your favorite sports team is in action. Are you the type who is convinced that your team lost because you didn't wear said lucky clothes? If you are of that ilk and run a bank, may
Hedge funds ease grip on prime brokerages
Not too long ago, in the wake of the financial crisis and implosion of Bear Stearns and Lehman Brothers, the angst was palpable when it came to counterparty risk. Many hedge funds responded by spreading their eggs a bit, embracing multiple prime brokers, just in case one of them went belly-up.
Model for U.S. brokerages: European private banks
David Carroll, Wells Fargo's executive vice president for wealth, retirement and brokerage, made an interesting projection about the brokerage business at a recent Reuters summit. He predicted that within five years many top U.S. brokerages will resemble European private banks. That is they wi
Investment News vs. the wirehouses
Is this an example of how not to get tough with the press or how to antagonize it? Investment News ' deputy editor recounts in an editorial about how reporters at the publication were denied an interview with a top executive for one of the big wirehouses. The firm's spokesman wrote that he woul
Goldman Sachs cuts back in prime brokerage
The prime brokerage business is morphing as we speak. The free flow of leverage has been drastically reduced and that is leading Goldman Sachs--a premier prime broker along with Morgan Stanley--to rationalize its hedge fund client list. The Financial Times reports that Goldman will likely cut
Growth in prime brokerage continues strong
For the fireworks we've witnessed in the hedge fund industry , the fact is that the industry is thriving. The big institutions are not likely to shut off the cash spigots any time soon. And there's a high level of entrepreneurial activity still going on. Returns have held up. For the prime bro
New era for prime brokers?
The credit crunch and the implosion of Bear Stearns mark a good opportunity to remake the prime brokerage industry, notes Financial News Online . Bear Stearns  saw a lot of good clients run for the hills, which may have played into the hands of the other traditional powers-- Goldman Sachs
What chance does JP Morgan have as a prime broker?
As Bear Stearns melted down, many hedge fund clients hedged their bets by arranging relationships with other prime brokers and, perhaps, pulling some funds. You can bet the marketing guys at Goldman Sachs  and Morgan Stanley  are working the situation hard. The issue for JP Morgan C
JP Morgan works to retain Bear hedge fund clients
JP Morgan Chase , by dint of its Bear Stearns deals, is an instant powerhouse in the prime brokerage business. But it has a lot of work ahead of it. The firm is in overdrive to appease Bear Stearns' hedge fund clients, ensuring them that all will run smoothly with new owners at the helm. A
ALSO NOTED: Goldman Sachs aims to grow prime brokerage business in Asia; Moody's adjusted loss assumptions for 2006 CDOs; and m
Company News: > Legg Mason buys 13,500 shares. Article > Many options for Yahoo? Article > Bayou fallout: Goldman Sachs prime brokerage to be probed. Article > Goldman Sachs aims to grow prime brokerage business in Asia. Article
Industry News: > Goo
