Goldman had 20 money losing days in Q2 vs 17 in Q1; JP Morgan luring Bear Stearn's prime broker customers back?
Goldman Had 20 Days of Trading Losses Last Quarter - Bloomberg
Goldman Sachs Group Inc., the biggest U.S. securities firm by market value, lost money on 20 trading days in the three months to May 31, more than the previous quarter, according to a regulatory filing.
Goldman raked in more than $100 million or more on 27 trading days in the second quarter, down from 28 in the previous three months, a filing with the U.S. Securities and Exchange Commission showed today. In the first quarter, New York-based Goldman lost money on 17 trading days.....
JPMorgan Marathon Embrace Begins Dimon Lure of Lost Hedge Funds - Bloomberg
A year after Andrew Rabinowitz yanked his hedge fund's cash from Bear Stearns Cos. because of concern the Wall Street firm wouldn't make good on its trades, he's ready to return.
For Rabinowitz's New York-based Marathon Asset Management LLC, the lure is a prime brokerage that's now part of JPMorgan Chase & Co., whose $1.6 trillion balance sheet is more than four times the size of Bear Stearns's. JPMorgan Chief Executive Officer Jamie Dimon is counting on customers like Rabinowitz, some of whom helped bring Bear Stearns to its knees in March, to make his $1.36 billion takeover worthwhile......






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