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Tuesday's Headlines: BMO Gains Ground on RBC

BMO Capital Markets continues to climb the ranks for advising on mergers and arranging stock sales, challenging RBC Capital Markets among Canadian banks. [Bloomberg Businessweek]

Ken Griffin's Citadel lost three senior executives at the securities unit, bringing to nine the number of top-level employees who have departed in the last 15 months. [NY Post]

The Fed is planning to expand its list of primary bond dealers to meet the needs of the market. The government bond market now has 18 primary dealers, including Goldman Sachs, Barclays and Morgan Stanley. Others who've applied to join the pool include Societe Generale, Scotia Capital, and MF Global

[Euromoney Institutional Investor]

Bank of America's wealth business, U.S. Trust, has added about 75 wealth managers and will add about several more each month over the next two years. [Forbes]

Top independent wealth manager Mariner Wealth Advisors is expanding its team through the acquisition of CBIZ Wealth Management. [Trading Markets]

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AUTHORScott Krady Insider Comment

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