Continental Bank Mulls Plans For Proprietary Trading Group
BANKS
Continental Bank is nearing a decision on what its proprietary trading operation in Chicago will look like, officials there confirm. Although a spokesperson declined to provide details, sources at the bank say the operation will resemble a joint venture, a union between the traders involved and the bank, with each contributing funds and receiving payouts accordingly.
"This is a pretty revolutionary idea," says a source at the bank familiar with the plan. "Basically, they're asking the traders to
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