The second-floor loft on William Street in lower Manhattan, normally abuzz with young equity- options traders connected to Sang Lucci Capital Partners, was quiet for a week last month.
The U.K. Serious Fraud Office opened a criminal probe into the attempted rigging of interest rates that led to a record fine against Barclays Plc, adding to pressure on banks already under investigation by regulators around the globe.
“Mr. President, we’re going to move quickly and take them by surprise,” the U.S. Treasury secretary told George W. Bush . “The first sound they’ll hear is their heads hitting the floor.”
Morgan Stanley , the sixth-largest U.S. bank by assets, is in talks to spin its largest proprietary-trading unit into a separate company, according to two people briefed on the discussions.
With so many business books spilling from the shelves, we’re often asked for a comprehensive list of recommendations. Here’s an updated list of 50 top titles published since Jan. 1, 2009.
Morgan Stanley plans to break off its largest proprietary-trading group, Process Driven Trading, to create an independent advisory firm by the end of 2012.
Morgan Stanley , the world’s top merger adviser, may turn its remaining proprietary-trading group into an electronic client-trading unit, according to two people with knowledge of the matter.
With so many business books being published each month, we’re often asked for recommendations. Here are 30 of our favorite hardbacks published this year.
"It is the latest salvo in the' race to zero,' traders' term for their efforts to whittle away the difference between the speed their orders travel at and the speed of light."
- Scott Patterson on Feb 12, 2014