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Operating with Bear Bones

It's official. After a quick 10-minute vote by Bear Stearns shareholders, JPMorgan Chase CEO Jamie Dimon has himself a new, if slightly battered, prime brokerage business. According to officials, it will operate as wholly owned subsidiary of JPMorgan…

Kimsey: Credit Crunch Hits Screen Counts

A report on the trading floor market for trading and data services, published this week by Kimsey Consulting, predicts that the number of trading positions worldwide will fall by 12,000 by 2011, with a similar reduction in screen counts over the same…

Financial Technologists Reveal Earnings

NEW YORK-To get a picture of how much jobs in the financial IT industry pay these days, Dealing with Technology 's sibling publication Waters magazine asked its readers to reveal what they expect to earn annually in terms of base salary, cash bonus and…

No good deed

Wall Street had a true roller coaster week in early March but not in terms of trading volumes or record profits. It was a thrill ride in terms of emotions, headlines, and hubris.

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