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Top Firm May Hire 500 Bankers In 2011

Bloomberg reports that, according to an unnamed person familiar with the strategy, Morgan Stanley may hire as many as 500 private bankers next year who will sell 'jumbo mortgages and structured loans' to Morgan Stanley Smith Barney clients.

Hedge Fund Manager Said To Have Shot Himself

K1 Fund

Bloomberg is citing a Spanish newspaper report which claims that Dieter Frerichs, a former Managing Director of two units of hedge fund K1 Group, has died of apparent self-inflicted gunshot wounds. His body is said to have been found Saturday on the Spanish island of Mallorca.

Trader Fired Over His 'Saucy' Website

Blogging

Citi hit the headlines again last week, after it was revealed that it had fired equities trader Michael McCarthy when it found out he was the mysterious 'Large' who is behind popular US website takeareport.com

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Banks searching for answers on awful earnings

A dismal fourth quarter for the industry saw steep declines in revenues for banks' trading desks, especially those covering the fixed-income and credit markets, and banks haven't been able to get their message straight on what exactly is causing it.