Thursday, 23 October 2014
Last updated 2 hours ago
Nov 22 2010 | 9:30am ET
Credit Suisse will have to wait a little longer to get its hands on Fortis Bank Nederland's prime brokerage unit.
The sale of Prime Fund Solutions, which was agreed to in May, had been expected to close by the end of this year. But now the deal will not be finalized until the first quarter, according to ABN Amro, which is merging with the nationalized Fortis.
"The transfer of clients has proven more complex than previously estimated," Jan van Rutte, ABN Amro's chief financial officer said. "But the deal will go through."
Terms of that deal have not been disclosed. PFS has some 600 employees in 13 offices around the world.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...