Saturday, 20 September 2014
Last updated 1 day ago
Jul 28 2011 | 11:16am ET
A top executive at Credit Suisse's prime brokerage has been laid off.
Ilicia Silverman, vice president of the firm's prime consulting business, has left the firm. According to HFMWeek, her exit is believed to be a redundancy. Credit Suisse today announced plans to axe a further 600 jobs, bringing to about 2,000 the total number of job cuts at the Swiss bank this year.
Silverman had worked in the role since 2007. She joined Credit Suisse from software and information technology company SunGard.
Silverman's post-Credit Suisse plans are unclear.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.