The stock market has reached record highs despite rampant unemployment, recession and a global pandemic. What gives?
The central bank said that while financial markets' desire for higher yields raises the potential for losses, capital and liquidity safeguards temper any concerns about a looming crash.
The Los Angeles company, which focuses on Korean-Americans, aims to raise $50 million.
Fitzsimmons, who had recently covered banks for Hovde Group, will become FIG Partners' deputy director of research.
Wells Fargo, which is expanding its investment banking unit, has hired Mike Mayo to oversee U.S. large-cap bank research.
