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Morgan Stanley cuts jobs, plans retail bank launch

November 12, 2008 — 6:10pm ET | By Jim Kim
In addition to the 10 percent job excision earlier this year, Morgan Stanley intends to cut another 10 percent across is institutional securities business and almost 10 percent in its asset... Read more...

Lots of rumors about Goldman Sachs

November 11, 2008 — 10:42am ET | By Jim Kim
Goldman Sachs' shares are at a five-year low and most people now assume that the bank will post its first quarterly loss as a public company. The talk now centers on whether a big capital raise is in... Read more...

Goldman Sachs cuts back in prime brokerage

November 6, 2008 — 2:07pm ET | By Jim Kim
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...

End of an era: Goldman to post first loss?

November 3, 2008 — 1:40pm ET | By Jim Kim
Hard to believe, but Goldman Sachs has never posted a loss as a publicly traded company. That, however, may soon change. Glenn Schorr, analyst at UBS, predicts a loss for the fourth quarter. You have... Read more...

The future of prime brokerage

October 29, 2008 — 12:40pm ET | By Jim Kim
We've noted that the balance of power in the hedge fund industry has shifted in part due to big investors who, at a minimum, want more control over their assets. Hedge funds, in turn, want more... Read more...

Goldman, Morgan causing the contraction in hedge funds?

October 28, 2008 — 8:46am ET | By Jim Kim
There's been a lot of bad news for hedge funds as of late. More continue to shut down. Lawmakers seem bent on more regulation. And investors are getting even more antsy. The threat of redemptions... Read more...

Lehman Brothers prime brokerage customers left high and dry

October 1, 2008 — 3:01pm ET | By Jim Kim
We may be witnessing a historic shift in the prime brokerage industry. Morgan Stanley's prime brokerage operation has certainly been hit hard. The bank reportedly Read more...

The end of prime brokerage as we know it?

September 29, 2008 — 1:06pm ET | By Jim Kim
Hedge fund geek check: Do you know what rehypothecation means? The Financial Times explains it this way: "Some assets used to back loans from prime brokers can usually be "rehypothecated" into the... Read more...

Big get bigger in prime brokerage

July 7, 2008 — 4:08pm ET | By Jim Kim
We noted recently that if you want to make in prime brokerage--and you're not Goldman Sachs or Morgan Stanley--you need a niche. The... Read more...

See this week's featured jobs and top stories ; provided by eFinancialCareers.com

May 15, 2008 — 6:59am ET
Featured career opportunity:Strategic Financial Manager, Moody’s Investor ServicesMoody's
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