An extensive review of the prime brokerage business at Credit Suisse will focus on derisking and resizing its hedge fund servicing unit.
Tag: prime brokerage
James Gorman, CEO at Morgan Stanley, told analysts the loss was 'necessary' and 'money well spent' as the bank totals losses far smaller than other prime brokers.
Collapse of Archegos Capital had little impact on the prime brokerage business at Goldman Sachs as it reached record levels in first three months of this year.
A $20 billion stock fire sale shook markets as Bill Hwang’s hedge fund Archegos defaulted on margin calls prompting losses at Credit Suisse and Nomura.
Expanded prime services business more closely linked with Exane at BNP Paribas will launch after the integration of Deutsche Bank’s hedge fund clients is completed.
Deutsche Bank's former head of prime brokerage Americas sales joins Cowen to bolster global securities finance division.
Marquee Connect project will see Goldman Sachs develop a virtual way for hedge funds to connect with prospective investors.