Thursday, 18 September 2014
Last updated 1 hour ago
Aug 18 2011 | 2:26am ET
Barclays Capital has poached a Bank of America Merrill Lynch prime brokerage executive as it continues to boost its prime brokerage.
Mark Bailey was named global head of treasury in equity financing, a new position at Barclays, Financial News reports. He will focus on the firm’s economic funding models, risk-weighted assets and balance sheets, reporting to global head of equity financing Ashley Wilson and global head of prime services liquidity management John Feraca.
Bailey will be based in New York.
At BofA, Bailey was a managing director in the prime brokerage division.
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.