Wednesday's Headlines: SocGen Looks to Hire U.S. Traders
SocGen will hire up to 10 new traders in the U.S. to expand its American electronic equities business. [Financial News]
The UK has softened its stance on requirements on how banks disclose bonuses. [Bloomberg]
Morgan Stanley may turn its remaining proprietary-trading group into an electronic client-trading unit. [Bloomberg]
The advisory firm behind the administration of Lehman Brothers has bolstered its transaction services team in response to a "steady surge" in demand among buyout firms and corporate buyers. [Financial News]
Two hedge fund managers at SAC Capital have been accused of insider trading.