Deutsche boosts NY stock lending team

BofA Merrill plots rebuild of prime brokerage unit

Thursday 24 September 2009 at 17:00

Deutsche Bank has bolstered its securities lending team in New York as investor sentiment towards short-selling begins to soften a year after the practice came under fire for exacerbating the uncertainty in global markets.

The German bank has appointed four directors to its securities lending team in the US. Two will focus on the North American business, while the others will serve the bank's global clients.