So Rutherford-Moran fired Morgan Stanley and hired Chase Securities as its exclusive financial adviser.
Rutherford-Moran eventually got its money -- and Chase Securities, a division of the bank, got hired as co-adviser on the sale.
He then took a job as a network consultant with Chase Securities in Manhattan, one of several companies that immediately offered him a post.
In an intriguing report, Charles Lieberman, chief economist at Chase Securities, an investment bank, points out that Latinos have much to do with this.
Let's cut to the chase: The Securities and Exchange Commission needs to get tougher.
WSJ: Writing on the Wall: What Can Help Restore Investor Trust? Maybe the SEC
The result: Chase made sure its securities advisers were hired, and then did its best to guarantee Chase, the banker, got its money back.
Heidi Miller Heidi Miller is making good on her pledge to find a way of better coordinating the sprawling securities services operations of JPMorgan Chase .
FORBES: JPMorgan's Miller Begins Drive To Consolidate Securities Ops
According to analysts at JPMorgan Chase, the severity of losses on securities tied to car loans could rise close to those on subprime mortgages.
ECONOMIST: Expect more give and less take from the mortgage rescue
Heidi Miller is making good on her pledge to find a way of better coordinating the sprawling securities services operations of JPMorgan Chase (nyse: JPM - news - people ).
FORBES: JPMorgan's Miller Begins Drive To Consolidate Securities Ops
People put Bank of New York in a deal with JPMorgan Chase because the two are among the largest in securities processing, a business that depends on scale for profitability.
Her natural targets other big banks with units that underwrote large amounts of subprime, Alt-A, or option ARM mortgage-backed securities during the housing boom include JPMorgan Chase , Royal Bank of Scotland , Wells Fargo , Deutsche Bank, Credit Suisse, Morgan Stanley , Citigroup , Goldman Sachs and Ally Financial.
With visibility on two uncertain elements, and with the opportunity to exit its equity stake before year-end, the time is right for the Treasury to close out its AIG position in the offering to be conducted by Bank of America Merrill Lynch, Citigroup, Deutsche Bank Securities, Goldman Sachs Group and JPMorgan Chase.
The new program is aimed at the 20 prime dealers of Treasury securities, a list that includes the big five brokerages, Goldman Sachs, Merrill Lynch, Morgan Stanley, Bear Stearns and Lehman Brothers, as well as Citigroup, Bank of America, JPMorgan Chase and, perhaps significantly, Countrywide Financial 's securities division.
These days, Bank of America, Citi, JPMorgan Chase, and others also help corporations and municipalities raise money by issuing stocks, bonds, and other securities on their behalf.
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