Moneyline Telerate has laid off 20 percent of its work force and closed four offices as part of an effort to return to profitability, an official confirms.
The company is no longer cash positive and is not profitable--and hasn’t been for months. "It took some time to understand the business we acquired from Bridge," says Bill Walsh, senior vice president of marketing. "We were cash flow positive at a point but we had reductions last year. Since we acquired Telerate, we’ve lost nine percent of
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
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