Citi combines equities, prime brokerage and securities services units
The new division is the latest in a string of restructuring moves in recent months as Citi looks to streamline its businesses.
The new division is the latest in a string of restructuring moves in recent months as Citi looks to streamline its businesses.
Fillmore Advisors will become part of the recently-established prime brokerage division at INTL FCStone.
Deutsche Bank agreement with BNP Paribas comes as bank plans to exit equities trading and to reduce its workforce by 18,000.
The TRADE looks at how Deutsche Bank, among the top five prime brokers not so long ago, ended up in a situation where the future of its prime brokerage business is in question.
Credit Suisse has seen increased profits from the business following a programme of optimising and rationalising its prime brokerage balance sheet.
Former Cowen prime brokerage executives set up new US business at INTL FCStone.