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Prime brokerage is the generic term for a bundled package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.
Charles Edwin Mitchell (October 6, 1877 – December 14, 1955) was an American banker whose incautious securities policies facilitated the speculation which led to the Crash of 1929.
Citigroup is the third-largest banking institution in the United States by assets; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four banking institutions of the United States. [4] It is considered a systemically important bank by the Financial Stability Board, and is commonly cited as being "too big to fail".
TD Ameritrade was a stockbroker that offered an electronic trading platform for the trade of financial assets.The company was founded in 1975 as First Omaha Securities.In 2006, it acquired the United States operations of TD Waterhouse from Toronto-Dominion Bank and was renamed TD Ameritrade.
The market for financial services evolved dramatically in the post-Civil War era. One of the most significant changes was the emergence of "active investment banking" in which investment bankers influenced the management of client companies through sitting on the finance committees and even directly on the board of directors of those companies.
National City Bank after 1865 - telegraph lines referred to it as "Citibank" Percy Pyne: 1882: 1891: James Stillman: 1891: 1909: Frank A. Vanderlip: 1909 1919 James A. Stillman: 1919 1921 Charles E. Mitchell: 1921 1929 Gordon S. Rentschler: 1929 1940 William Gage Brady Jr. 1940 1948 Howard C. Sheperd: 1948 1952 James Stillman Rockefeller: 1952 ...
Morgan Stanley Wealth Management is an American multinational financial services corporation specializing in retail brokerage. It is the wealth & asset management division of Morgan Stanley . On January 13, 2009, Morgan Stanley and Citigroup announced that Citigroup would sell 51% of Smith Barney to Morgan Stanley, creating Morgan Stanley Smith ...
A financial intermediary is an institution or individual that serves as a "middleman" among diverse parties in order to facilitate financial transactions.Common types include commercial banks, investment banks, stockbrokers, insurance and pension funds, pooled investment funds, leasing companies, and stock exchanges.