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View Full Version : FirstRand's RMB Stops Proprietary Trading, Combines Units - Bloomberg



NewsWhore
03-28-2012, 09:40 AM
FirstRand's RMB Stops Proprietary Trading, Combines Units (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHaMtVjNoC5KPfrTizEhlbvWrrU4w&url=http://www.bloomberg.com/news/2012-03-28/firstrand-s-rmb-stops-proprietary-trading-combines-units-1-.html)
Bloomberg
FirstRand Ltd. (FSR)'s Rand Merchant Bank will discontinue proprietary trading while combining its fixed income, currency, commodity and equity trading units to boost returns. RMB found its “current portfolio would deliver returns below the group's ...

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