Entries tagged "fixed income"
Although it doesn't need money right now, fixed-income-focused investment bank Cantor Fitzgerald is including an IPO in its list of future moves.
Employees at UBS' securities division may soon have to weather a fourth round of layoffs as the Swiss bank plans to further shrink its fixed-income division as the bank deals with mounting losses. A memo obtained by Bloomberg said that the Zurich-based bank will be exiting the real estate, securitization, exotic structured products, municipal bonds, proprietary trading and commodities businesses, excluding precious metals. ...
The crisis on Wall Street continues to prompt top dealmakers to leave their banks and go strike out on their own. The latest to hang out a shingle are former Lehman Brothers Holdings Inc. executives Jeremy Isaacs and Roger Nagioff, who are starting their own firm JRJ Investments Ltd., according to Bloomberg. ...