Thursday, 18 September 2014
Last updated 12 hours ago
Jan 16 2008 | 6:43am ET
Bear Stearns yesterday named Michael Minikes the head of its global clearing and prime brokerage business. Minikes, who will serve as CEO of Bear Stearns Securities Corp., was instrumental in setting up the Wall Street giant’s prime brokerage in the 1980s, and establishing BSSC in 1991.
“Mike has played a tremendous role in making Bear Stearns’ clearing business one of the finest in the industry,” Bear CEO Alan Schwartz said. “As CEO of BSSC, Mike’s depth of knowledge, leadership and strong client relationships will continue to benefit the firm and our clients greatly.”
As CEO, Minikes will oversee both the prime brokerage business and the firm’s correspondent clearing clients.
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.