TITLE

JP Morgan's Bond Shuffle Continues

AUTHOR(S)
Lugo, Denise
PUB. DATE
November 2004
SOURCE
Investment Dealers' Digest;11/29/2004, Vol. 70 Issue 46, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that J.P. Morgan Chase & Co.'s bond department, announced last month that third-quarter earnings dropped 13% due in no small part to weak trading results at its investment bank. The latest fixed-income denizen to leave the firm, Jeremy Baraum, head of North American credit derivatives trading, resigned a week ago. Baraum's departure came on the heels of a bigger shakeup that saw six Morgan credit markets staffers exit the investment bank. About a month ago, J.P. Morgan & Chase Co. announced several management changes as part of an effort to streamline its capital- raising efforts by placing several departments under one umbrella.
ACCESSION #
15223999

 

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