Prime brokerage boom generates big third-quarter windfall for Wall Street banks

Core Insights - Wall Street's prime brokerage sector is experiencing significant growth, with multibillion-dollar operations performing exceptionally well [1] Group 1 - The prime brokerage industry is currently operating at full capacity, indicating strong demand and robust performance [1] - Major financial institutions are benefiting from increased trading volumes and client activity, contributing to the overall success of the sector [1] - The competitive landscape among prime brokers is intensifying as firms strive to capture a larger share of the market [1]