• 2 of the largest crypto exchanges have snagged veteran Wall Streeters as they build out businesses to lure in billion dollar investors

    2 monthes ago - By Business Insider

    Two of the largest players in the crypto space have snagged employees from top Wall Street banks for similar roles, according to people familiar with the matter.
    Amy Yu, who previously worked in sales for synthetic products at JPMorgan, joined BitMEX to head up institutional sales.
    Meanwhile, Lauren Abendschein, formerly a director at Credit Suisse, has joined as a manager of institutional sales.
    Both will be tasked with luring more large players in financial services to their respective markets.
    Count this as another sign that the cryptocurrency space is growing up.
    Both BitMEX and...
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  • Inside the power struggle at the top of Citigroup's equities unit that's a window on the latest Wall Street fad

    Inside the power struggle at the top of Citigroup's equities unit that's a window on the latest Wall Street fad

    2 monthes ago - By Business Insider

    A struggle at the top of Citigroup's equities division several months ago resulted in the departure of the bank's global head of cash trading.
    Executives disagreed over how integral a role the firm's central risk book should have in its overall equities strategy and how it would interact with clients.
    The dispute is a window into Wall Street's latest fad, as banks turn to central risk books as a lifeline for cash equities trading desks suffering from shrinking commissions and new research rules.
    Armando Diaz didn't see it coming.
    One Friday in March this year, Diaz, who had joined...
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