More freewheeling traders are leaving the big banks � Quartz
Risk-taking traders at the world’s biggest banks are on the outs.That’s one conclusion from some recent high-profile departures at firms like Morgan Stanley and Barclays, which have further whittled away the ranks of financial crisis-era freewheeling traders.Take Jonathan Hoffman, a global rates trader at Barclays who quit the firm recently. (A spokesman confirmed his departure to Quartz and Hoffman couldn’t be reached separately for comment.)A former Lehman Brothers trader heavyweight, Hoffman was among the highest-paid executives at Lehman prior to its bankruptcy. He pocketed a handsome $30 million one year before the firm, run by CEO Dick Fuld, collapsed under the weight of its own financial bets.It’s unclear exactly what led to Hoffman’s recent exit from Barclays. But Barclays, …
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Risk-taking traders at the world's biggest banks are on the outs. That's one conclusion from some recent high-profile departures at firms like Morgan Stanley and Barclays, which have further whittled away the ranks of financial …
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More freewheeling traders are leaving the big banks � Quartz
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