The News: Wirehouse Brokers Eye Smaller Firms

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The bad news at wirehouses and other big firms is good news for smaller financial players, who look to pick up solid financial talent that would have been out of reach not long ago. Just as boutique investment banks are able to build their staffs amidst today's turmoil, brokers like Raymond James now have a chance to bulk up their ranks of financial advisors, in terms of quality if not quantity.

Top exec predicts record recruiting year [Investment News]

And...

What Got Us Into This Mess? Bad Attitudes on Wall Street [Deal Journal]

Quiet Layoffs Sting Workers Without Notice [NY Times]

Credit Suisse Launches Domestic Private Banking in Mexico [Credit Suisse via BW]

People

Quadrangle Group Announces Promotions [Quadrangle via PRN]

Stanley Hartt Appointed Chairman of Macquarie Capital Markets Canada Ltd. [MarketWire]

Goldman Sachs Banker Joseph Ravitch Leaving Firm [Deal Journal]

RBS Announces Ellen Alemany as Chairman of Citizens Financial Group [RBS via BW]

Two ex-Carlyle VCs join Jafco Ventures [The Deal]

Henry Auffarth and Roger Bedore Join Herald National Bank [Herald via BW]

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