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  • The desk in the firm's fixedincome unit generated earnings of about $4 billion in 2006, the year that Mark McGoldrick, who ran the desk, was paid $70 million.

    Banks Redefine Jobs of 'Prop' Traders

  • In 1990 we had opened a branch in Tokyo, with a focus on institutional fixedincome sales, mainly of American corporate bonds or securitized mortgages to Japanese pension funds, investment trusts, insurance companies, and the like.

    The Rise and Fall of Bear Stearns

  • Though a long-running trend, the bulk of investable assets in securities markets (equities, fixedincome, and derivatives) are more centrally managed by professionals than ever before.



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