Knight Capital Group has hired three from FBR Capital Markets’ credit sales and trading team, according to Bloomberg.
Todd Dahlstrom, Michael Cunningham and Eric Vander Mel will join Knight Capital’s Boston office. All three joined FBR from Morgan Stanley in 2009.
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The added capital will help the New Jersey-based regional bank reduce its commercial real estate footprint faster and give it wiggle room to grow elsewhere, analysts said.
Bank of America may finally be able to begin burying the largest of its crisis-era skeletons, Countrywide Financial.
Ray Gatten is credited with developing the first peer-to-peer consumer loan securitization while at National Alliance Securities; Philip Toth is a veteran of the same firm. .
It’s 5,159 miles from Athens to McLean, Va., but for Capital One, the Greek capital — and its debt crisis — is much much closer to home. On Wednesday, the banking company surprised observers by coming to market with a $2 billion common stock offering intended to help pay for the $9 billion cash-and-stock acquisition […]
