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prime brokerage

Latest Headlines

Latest Headlines

Run on Bank of America unlikely

If you are in the PR department at Bank of America, you no doubt cringed when you saw the following headline in TheStreet.com : "Could Bank of America Survive a ‘Run on the Bank' in 2012?" At first blush, it might seem irresponsible for media outlets to run with such sensational headlines.

Roubini tweets about the next MF Global

And the next MF Global is..? Noriel Roubini rocketed to fame when he correctly predicted the real estate and financial crises that devastated the economy. People in high places have been paying attention to him ever since. Which brings us to a few tweets he issued recently about the next MF Gl

Morgan Stanley aims to avert 2008 repeat

Morgan Stanley has learned a lot from the 2008 financial crisis, when it came close to collapsing. The recent swoon in the stock price and widening of CDS spreads rekindled memories of the past crisis, and has kicked executives into overdrive, reports the New York Times . They are bound and

Morgan Stanley CEO reassures analysts

During the 2008 financial crisis, Morgan Stanley skirted close to the edge , as hedge funds deserted its prime brokerage operations en masse over a period of two weeks. As the European debt crisis rolls on, the bank is not nearly in the same position. But that doesn't mean the executives ar

Analyst: Mortgage losses could trigger a Bank of America capital raise

How much does Bank of America have to lose before it will be forced to issue common shares? That's a fair question right now, one that analysts are starting to ask. Deal Journal notes the views of JMP Securities analysts, who told clients that they estimate that the bank would have to lose

Despite crazy takeover rumor, Bank of America not in danger of failing

A crazy rumor swept through Wall Street this week: JP Morgan would imminently take over Bank of America in a deal that would be "supported" by the federal government with a $100 billion investment in preferred shares in the combined entity or via a souped-up guarantee of deposits.   No one bel

Morgan Stanley borrowed the most in financial crisis

How close to the brink was Morgan Stanley at the height of the financial crisis? After the crisis had waned, it became somewhat vogue for bank executives to claim that they were never really in danger and that they could have weathered the storm without aggressive aid from the government. But

Prime brokerage business is hot, as banks woo hedge funds

This may be ann indication that the good times are returning to Wall Street: Top banks are once again actively wooing hedge funds and private equity funds with increasingly favorable credit offers. The atmosphere has really changed, that's for certain. Top banks are under pressure to somehow j

Revenue down in prime brokerage industry

So who is the biggest prime broker? In terms of assets under management, Goldman Sachs ( NYSE: GS ) takes the title, accounting for 13.2 percent of the market. Goldman Sachs is followed by Morgan Stanley at 11.5 percent and Credit Suisse at 10.6 percent, according to Global Custodian's annua

Prime brokerage market heats back up

The more things change, the more they stay the same in the prime brokerage industry. While revenues across the industry are down, the battle to build assets from hedge funds has grown, as the business looms as strategic and stable in the aftermath of the credit crunch. If you can lock in hedge fun