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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... Read more...
The credit crunch and the implosion of Bear Stearns mark a good opportunity to remake the prime brokerage industry, notes Financial News Online. Read more...
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... Read more...
After Citigroup issued a report suggesting that bankruptcy court was a legitimate option for E*Trade, most people assumed the pioneering online brokerage was searching for a deal. The issue is: with... Read more...
Getting a start in the brokerage business is basically a game of survival. You've got to show that you can cold call your butt off. We're talking hours of phone-spamming. It's basically a weeding out... Read more...