Wednesday, 6 May 2015
Last updated 21 hours ago
Oct 5 2006 | 2:54pm ET
Lehman Brothers will seek a bigger share of the lucrative prime brokerage market, according to a CIBC World Markets research report.
The Wall Street giant’s chief administrative office, David Goldfarb, told a CIBC analyst that his firm’s prime brokerage unit is too small to compete with Goldman Sachs and Morgan Stanley, which dominate the market. According to the report, “the growth of the prime brokerage business remains a high priority and big push for the firm.”
Just last week, Jefferies & Co. announced that it was also entering the prime brokerage market and would be targeting small hedge funds.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…