Latest news
Latest news
PAG also hires new vice president
Agreement on the EU package could run to December, senior lawyer told conference
Octopus Electric Vehicles has also added to its capital markets team
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Lehman Brothers announced last Monday it had raised about $3 billion for the Lehman Brothers Loan Opportunity Fund to focus on opportunistic investments in a range of leveraged loans.
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Greg Medcraft, managing director and global head of securitization at Société Générale, is leaving the firm after 27 years.
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Moody’s Investors Service will be cutting its workforce companywide after posting a 7% decline in net income for the quarter ending Sept. 30.
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Mortgages plc, the specialist U.K. non-conforming mortgage subsidiary of Merrill Lynch, is cutting approximately 20% of its 325-strong workforce.
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UBS made an operating loss of CHF726 million ($625 million) in its third quarter after taking "substantial losses and writedowns" on trading positions in the U.S. subprime residential market worth CHF 4.2 billion ($3.6 billion).
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Bank of America has cut 500 jobs from its capital markets business, according to sources familiar with the situation.
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Defence and aerospace company BAE Systems has named Paul Tattersall v.p. of trading and services of its asset management effort.
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Five lenders, UBS, JPMorgan, Bear Stearns, Wachovia and Column Financial made cuts to their commercial mortgage-backed securities origination groups this week.
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Institutional Credit Partners plans to significantly expand its brokerage business, even as firms across the Street are shedding personnel by the thousands.