New hot banks ?
People leaving struggling big established firms and joining newer smaller firms, including foreign banks, or start-up companies.
Standard Schumpeterian renewal, or a consequence of the bailouts, tighter regulation and crackdown on compensation ?
In:
Aladdin Capital
Broadpoint
Pinetum Capital
BTIG
LaBranche Financial Services
Moelis & Company
Perella Weinberg
Evercore
Deutsche Bank
Credit Suisse
Out:
UBS
Goldman Sachs
Morgan Stanley
Citigroup
Bank of America and Merrill Lynch
Bear Stearns or a Lehman
JPMorgan Chase
BUSINESS
Crisis Altering Wall Street as Big Banks Lose Top Talent
By GRAHAM BOWLEY and LOUISE STORY
Published: April 12, 2009
With financial institutions facing federal limits brought on after the bailouts, veteran bankers are leaving to join start-ups and foreign companies.
'More evidence', demands Atrios