Second-Tier Firms Gain From Prime-Broker Shakedown

18 Nov 2009

Second-tier prime brokerages appear to have benefited the most from the current crisis, which pulled down a number of their larger peers.

Second-tier prime brokerages appear to have benefited the most from the current crisis, which pulled down a number of their larger peers. The market meltdown wreaked havoc on Bear Stearns and Lehman Brothers, leading to their demise, as well as on firms such as Morgan Stanley and Goldman ...

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