Tuesday's Headlines: Foreclosure Boom Produces Jobs at Banks
Banks are bulking up as a result of the mortgage meltdown, hiring staff to handle soaring volumes of foreclosures. [TheStreet.com]
The former head of prop trading at Goldman Sachs is set to launch Edoma Capital's first fund in London with $820 million in assets. [Finalternatives]
The number of branches at U.S. banks fell for the first time in 15 years according to a new report. [Bizjournals]
India is becoming a hotbed for investment banking, with new deal flow producing an increase in hiring in equities at banks such as Standard Chartered.
Amidst recent layoffs in its investment bank, Bank of America said it will hire more than 1,000 small business bankers by 2012. [Stock Briefings]