Bond Traders in Europe still hiring

There’s good news for Europe’s bond traders: at least one corner of the market is still hiring.

Bloomberg News reports that Bank of America, Credit Agricole and Credit Suisse added staff to start trading operations for U.K corporate bonds this year.

Credit Suisse hired BNP Paribas’ Sean Richards this month to trade the securities, according to three people familiar with the matter, who asked not to be identified because they’re not authorized to speak about it.

Bond traders are vanishing in many parts of Europe’s debt markets as slumping revenues and new rules requiring lenders to hold more capital and take less risk deter banks from making markets. That’s resulted in declining trade volumes, making it harder for investors to buy and sell securities.

To access the complete Bloomberg News article hit the link below:

Credit Traders Find Refuge as Banks Hire in U.K. Corporate Bonds

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