Market Chatter: Wells Fargo Hires 2 Traders from Deutsche Bank to Expand Markets Business

MT Newswires Live12-05 04:50

Wells Fargo & Company (WFC) hired two short-duration traders from Deutsche Bank (DB) to expand its markets business, Bloomberg reported Thursday, citing people familiar with the matter.

Christopher Kung joined as a director, the report said. Craig Pengitore is expected to start next month as a managing director and head of short-end cash trading, a Wells Fargo spokesperson said, according to Bloomberg.

Deutsche Bank declined to comment to MT Newswires, and Wells Fargo did not immediately respond to a request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 90.29, Change: +0.94, Percent Change: +1.05

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment