Your English writing platform
Discover LudwigExact(6)
Neal Shear will lead a trading unit at the private equity firm's New York office, where he's working with Apollo's private-equity and capital markets units, according to Bloomberg.
Legg Mason, the money manager that swapped its brokerage and capital markets units in December for Citigroup's asset management operation, has named a successor to its 69-year-old chief executive and founder, Raymond A. Mason, known as Chip.
In an e-mail message to employees, Mark Ferron, the chief operating officer of the bank's global markets units, noted that a number of Deutsche Bank's rivals had already altered their dress codes.
Barclays, the British banking giant, acquired the North American investment banking and capital markets units of Lehman, along with its New York offices, for $1.75 billion late last month.
In the first nine months of the year, Bank of America's investment bank, wealth management and capital markets units earned $6.7 billion, or well over half the company's overall profits.
The write-downs helped push sales at the company's fixed income capital markets units down to $1.1 billion from $2.0 billion a year ago.
Similar(50)
But he has never run a capital markets unit.
Ben Downing, 38, a former Army staff sergeant in Iraq, works in Drexel Hamilton's capital markets unit.
The global markets unit earned $462 million, down from $911 million in the second quarter of 2011.
He became head of the bank's global markets unit in 2008.
Trading was a crucial contributor to earnings in its global markets unit.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com