When Prudential Bache Securities Inc. agreed last week to buy 154 Thomson McKinnon retail brokerage offices for $60 million, the deal signaled not only the demise of a venerable brokerage firm, but also harder times for some of its creditors. Once Pru-Bache backed away from an earlier plan to acquire Thomson McKinnon outright and instead buy the brokerage's assets, observers began questioning to what degree any of Thomson's previous contracts with other companies would be honored.
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
- Bloomberg’s Chat Gambit: The Feint Before a Knockout?
- In Capital Markets, Blockchain's Evolution Has Left the Bitcoin Model Behind
- WatersTechnology Innovation Summit Q&A: Elly Hardwick, Deutsche Bank
- Waters Wavelength Podcast Episode 96: CAT Concerns & Big Tech Takes Aim at Asset Managers
- House Approves Market Data Protection Act