(David Pearson is the head of post-trade strategy at Fidessa, a vendor providing electronic trading, investment and information solutions. In his post, he oversees the creation and spread of new business ideas across the global Fidessa buy- and sell-side community. He is also engaged in the restructuring of business flows across financial markets, from pre-trade… Read More >>
Wall Street Sharpens the Hillary vs. Bernie Clash
The Democratic front-runner for the presidential nomination Hillary Clinton has hit a big political snag because of her connections to Wall Street. This became painfully clear during the televised debate on Thursday, Feb. 4, on the eve of the New Hampshire primary on Tuesday, Feb. 9. To recap, Clinton’s opponent (former?) socialist/independent and now-Democrat-shouter U.S…. Read More >>
Credit Default Swaps: Still Toxic after All These Years?
Can the credit default swap market be salvaged? That’s the titular question posed by a new research report from the Kroll Bond Rating Agency, which traces the impact of credit default swaps (CDS), a relatively new instrument designed originally to guarantee loans that supposedly would never default en masse, but which is now widely regarded… Read More >>
Barclays Board Dismisses CEO Antony Jenkins
Barclays’ board is parting company with Antony Jenkins, who is being dismissed from the post of chief executive after three years to make way for a CEO that can “accelerate the pace of execution going forward,” according to bank officials. While a search for Jenkins’ successor is underway, his temporary replacement is John McFarlane who… Read More >>
Ben Bernanke to Advise Citadel
Former Federal Reserve Chairman Ben S. Bernanke will soon be serving as an outside senior advisor for hedge fund Citadel, officials say. In this position Bernanke will consult with Citadel teams on developments in monetary policy, financial markets and the global economy. Citadel has total assets under management (AUM) of about $25 billion. “We are… Read More >>
Will S&P’s $1.5B Settlement Change Anything?
Standard & Poor’s Ratings Services has agreed to pay $1.5 billion to settle claims the company defrauded investors by stamping risky financial products with bullish appraisals in the years leading up to the Great Recession. However, some industry observers aren’t convinced that the record penalties will achieve their intended effect of ensuring the ratings agencies… Read More >>
