Buy-Side Traders Find Liquidity in Dark Pools
With U.S. equity volumes in the dumps, the buy side increasingly is searching for liquidity in dark pools, stoking fears about a lack of execution transparency in the opaque markets. But buy-side traders are finding value in the dark -- if they know where to look.
Big Isn't Bad, U.S. Banks Tell Fed
The largest U.S. banks say large banks are needed and are accusing the Federal Reserve of attempting to misuse its new regulatory powers to shrink financial giants under the misguided belief that "big is bad."
How the JOBS Act Will Impact Hedge Funds
The recently passed Jumpstart Our Business Startups Act is about more than jobs. The new regulation is likely to drive consolidation among asset managers, and small hedge funds are in danger of being forced out of the game.
US Mortgage Funds Emerge As Housing Sways
The U.S housing market may still be in the doldrums, but funds that are betting on big gains in mortgage-related investments are a hot ticket this year on Wall Street.
Emerging Markets Hold Breath As EU Banks Shrink
LONDON, April 30 (Reuters)- From Beijing to Bucharest,
emerging market policymakers are as worried as those in Brussels
that the rapid contraction in western European banks' balance
sheets will compound the debt crisis and further delay economic
Credit Suisse Suffers Pay Revolt, Barclays Next?
Almost a third of Credit
Suisse shareholders rejected the bank's pay plan on
Friday and UK rival Barclays was braced for a similar
revolt as investors vented their fury at executive pay deals and
called for a bigger slice of profits.
Spanish Economy In 'Huge Crisis' After Credit Slash
Spain's sickly economy faces a
"crisis of huge proportions", a minister said on Friday, as
unemployment hit its highest level in almost two decades and
Standard and Poor's downgraded the government's debt by two
Lazard Profit Drops, Still Beats Street
Lazard Ltd's first-quarter earnings dropped sharply because of higher costs, but the boutique investment bank beat analyst expectations by a wide margin when excluding a previously announced charge related to severance packages.
Blankfein Sounds Off, Dow 15,000?, Taibbi on Senate’s MF Global Inquiry, and more Quotes of the Week
Lloyd Blankfein opens up (well, sort of), Dow 15,000, Matt Taibbi on the Senate's MF Global hearings and the increasing use of consumer devices in the enterprise, also known as Bring Your Own Device (BYOD), are some of the topics people are chattering about this week. Wall Street & Technology keeps you in the loop by compiling some of the best quotes of the week. Enjoy!
HSBC To Cut Over 2,200 UK Jobs, Targets Managers
cutting more than 2,200 jobs in Britain, targeting senior and
middle management roles as part of its drive to slash costs and
boost profitability in the face of a changing banking landscape.
Can Strained Broker-Dealer Relationships Be Repaired?
A scathing op-ed in The New York Times by a former Goldman Sachs trader reveals the potential conflict between sell-side firms and their clients. It also rekindles an age-old debate: Can you trust your broker-dealer?
Half of Hedge Funds Skittish on 2012: Survey
Roughly 48 percent of hedge fund managers surveyed indicated that 2012 will be a difficult year for the sector, with nearly 40 percent expressing concern that the U.S. could enter a 'double-dip' recession.
Banks May Not Be Able to Resist 'Bring Your Own Device'
User-friendly consumer devices, such as Apple's iPad, are infiltrating the enterprise and transforming workforce expectations. Despite security concerns, employee demands and the productivity gains are forcing banks to embrace BYOD.
Thomson Reuters Launches Elektron in Brazil
Interest in Brazil has increased rapidly in recent years, driving market liquidity and seeing an expanding number of domestic and international firms adopting algorithmic trading.
SEC Charges Former Calpers CEO With Fraud Scheme
A former chief executive of the biggest U.S. public pension fund, and a former board member were charged by federal regulators with
scheming to defraud Apollo Global Management of more than $20 million in placement fees.