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Said Mr. Obey: "He would have been out to skin somebody alive for the way Enron double-dealt on their securities operation".
"He would have been out to skin somebody alive for the way Enron double-dealt on their securities operation," Mr. Obey said.
Brady W. Dougan, Credit Suisse's chief executive, has been cutting costs, but unlike its Swiss rival UBS, he has decided against scaling back some parts of the bank's securities operation.
Pretax profit at Barclays Capital, the investment banking and securities operation run by Robert E. Diamond, more than tripled but revenue at the unit fell 32 percent, "reflecting a more challenging market environment," the bank said.
Pretax profit at Barclays Capital, the investment banking and securities operation of Barclays run by Robert E. Diamond Jr., more than tripled but revenue at the unit fell 32 percent, "reflecting a more challenging market environment," the bank said.
Prosecutors alleged Crupi, as the employee responsible for the main bank account used by Madoff's securities operation, acted to hide the fraud and helped cash out Madoff's friends and family members as the scheme began to collapse.
Similar(51)
Renz was a vice president for securities operations with a Wall Street firm until 1992.
The inspections are part of a drive to audit all securities operations in Japan.
He works for Banc of America Securities in San Francisco as a securities operations analyst.
She is a senior manager in institutional securities operations at Morgan Stanley, the investment bank in New York.
"This is a security operation".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com