Category Archives: Prime Brokerage

Wall Street Capitalizes on Hedge Fund Momentum — Prime Brokerage Units Lead Earnings Surge

(HedgeCo.Net) Wall Street’s major banks reported stronger-than-expected revenue growth in prime brokerage this week, driven by record activity among hedge funds and soaring balances across equities and derivatives trading desks. According to Reuters reporting today, Bank of America, Citigroup, and JPMorgan all saw double-digit increases […]