Tuesday's Headlines: Ex-Stanford Brokers Facing SEC Charges
RBC Capital Markets has landed senior former Lehman Brothers FIG bankers and hired six research analysts in a move aimed at building its FIG corporate finance business. [Financial News]
Despite word that RBS was cutting jobs and lowering bonuses by 30 percent, the bank threw a Harry Potter-themed holiday party for investment bankers costing 100,000. [Dealbreaker]
Boutique hedge funds are facing difficult challenges as investors opt to place their bets with larger firms.
The SEC has delayed plans to form several new departments required under Dodd-Frank because of budgetary pressures. The groups will include an investor advisory committee, an investor advocate, a whistle-blower office, and units dedicated to oversight of credit ratings and municipal securities. [Investment News]