Prop trading businesses of Bank of America Merrill Lynch, Citigroup and JPMorgan could soon follow the path of Morgan Stanley's and Goldman Sachs's - by either being spun out or shut down. [Financial News]
London financial services companies are set to increase hiring in the first half of the year, in large part driven by the need to replace defectors. [Bloomberg]
Trading firm First New York Securities continues to expand, hiring former bankers from Macquarie and other top firms. [PRNewswire]
HazelTree Fund Services, a provider of software to hedge funds, named Stephen Casner as CEO and secured financing to expand in staffing and other areas.