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Man spun off the brokerage in July 2007 by means of a flotation in the US, but retained an 18.5% stake, worth around $130m at current prices.
The firm then makes a loan backed by the asset to a special-purpose vehicle that is off the brokerage firm's balance sheet.
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The failure of the brokerage firm set off a wave of panic among its tens of thousands of customers.
Investigators are still searching for hundreds of millions of dollars of customer money that CME says was improperly siphoned off in the brokerage firm's final days to meet its escalating liquidity needs.
D. H. Blair Investment Banking, which was spun off from the brokerage firm in 1992, is now run by J. Morton Davis, who presided over D. H. Blair & Company for more than 20 years.
Thain has already dismissed calls to spin off the retail brokerage unit.
the rest of the brokerage pack.
Shares of the brokerage were down 0.5%.
Consider the size of the brokerage.
Part of the reason the company handed off insurance brokerage amid its big rebranding was also to help it grow up with companies.
But the brokerage firm called off plans to sell itself and decided to put in place its own turnaround effort.
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CEO of Professional Science Editing for Scientists @ prosciediting.com