Saturday, 20 September 2014
Last updated 20 hours ago
Apr 1 2009 | 2:06am ET
Morgan Stanley’s U.S. prime brokerage chief has resigned from the firm after 20 years.
Patrick Mortimer left Morgan Stanley for personal reasons, according to The Wall Street Journal, which also reports that it does not appear he was forced out. Morgan Stanley was among the prime brokerages hardest hit by the banking crisis last year, and has apparently had difficulty regaining its footing.
Mortimer will not be replaced. Stuart Hendel, who leads Morgan Stanley’s global prime brokerage business, will take on Mortimer’s responsibilities.
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.