Wednesday, June 11, 2008

Front-Running Evidence, Financial Regulation Debate, BofA exits Prime Brokerage

Bank of America Bids Good-Bye to Prime Brokerage
Deal to sell to BNP Paribas. Not a premier player BA ranked in second or third tier, chasing Morgan Stanley and Goldman. Had about 500 hedge fund clients,nothing to sneeze at. With demise of Bear, landscape changing:opportunities for newcomer to carve niche. (Ex: Citi recently carved specialty as a stock lender). Identifying niche not easy, given competition.

More-FINalternatives article

Citi's Pandit Calls for Debate on Financial Regulations

Merrill Chief Campaigns for Reserve Window

Evidence of Front-Running on Wall St. at

Twitter Updates

    follow me on Twitter

    Call Rosenthal Recruiting to Discuss your Hiring Needs and Career

    (973) 826-0537