Brian Edmonds has been named managing director and head of the interest rates business for the Debt Capital Markets division of Cantor Fitzgerald, New York.The company said Mr. Edmonds will be responsible for building an interest rate trading operation and for managing interest rate risk across its mortgage, asset-backed, and credit businesses. He was most recently managing director and head of government bond trading at Banc of America. Before that, Mr. Edmonds spent several years at Credit Suisse First Boston in the same role, Cantor Fitzgerald said. Mr. Edmonds is chairman of The Bond Market Association's primary dealer committee. Cantor Fitzgerald can be found online at http://www.cantor.com.
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The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
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