Friedman, Billings, Ramsey

Friedman, Billings, Ramsey

Infobox_Company
company_name = Friedman, Billings, Ramsey Group Inc.
company_
company_type = Public (NYSE|FBR)
slogan = Enjoy Your Good Fortune
foundation = 1989
location =
key_people = Eric Billings, Chairman & CEO
num_employees = 726 (2006)
industry = Investment services
products = Investment Banking
revenue = profitUS $1.01 Billion (2006)
net_income = lossUS $-0.67 Billion (2006)
homepage = [http://www.fbr.com www.fbr.com]

FBR Group

Friedman, Billings, Ramsey Group Inc., or simply FBR, (NYSE: [http://www.nyse.com/about/listed/lcddata.html?ticker=FBR FBR] ), is a full service investment bank headquartered in Arlington, Virginia that sponsors the FBR Open PGA golf tournament held in Phoenix, Arizona. It was founded in 1989 and had over $1 billion in revenues in 2006. It also has offices in Boston, Dallas, Denver, Houston, Irvine, London, New York City, Phoenix, San Francisco, and Sydney.

FBR is unique in that its common stock is structured as a REIT (Real Estate Investment Trust).

The company recently announced severe losses related to its under-performing mortgage platform and widespread problems in subprime mortgage lending which lead to a sale of ownership in FBR's subprime subsidiary First NLC Financial Services, Inc in the summer of 2007.

FBR spun off its Capital Markets division through an IPO named FBR Capital Markets Corp. (Ticker: FBCM) which was priced at priced at $17 per share.

FBR Capital Markets

FBR Capital Markets Corporation, (NASDAQ: [http://finance.google.com/finance?q=NASDAQ:FBCM FBCM] ) was created through an equity spin-off from FBR Group in the spring of 2007.

FBR Capital Markets operates offers its products and services in the United States and internationally. The company is headquartered in Arlington, Virginia.

Industry Sector Groups
*Consumer
*Diversified Industrials
*Energy and Natural Resources
*Financial Institutions
*Healthcare
*Insurance
*Real Estate
*Technology, Media, and Telecom

Products
*Institutional Brokerage
*Asset Management
*Underwriting
*Private Placements
*Merger and Acquisitions
*Restructuring
*Strategic Alternative/Implementations
*Market Research
*Institutional Sales and Trading

Team Leaders

FBR’s senior officers are: Eric F. Billings, who serves as Chairman and Chief Executive Officer of both FBR Group and FBR Capital Markets; J. Rock Tonkel, Jr., who is President and Chief Operating Officer of FBR Group; Richard J. Hendrix, who serves as President and Chief Operating Officer of FBR Capital Markets; William J. Ginivan, who is Executive Vice President and General Counsel; and Kurt R. Harrington, Executive Vice President and Chief Financial Officer. [ [http://www.fbr.com/company/team/ FBR Group | Our Team of Leaders ] ]

References

* [http://www.fbr.com/ FBR Website]
* [http://www.fbr.com/company/fbr/ FBR history]


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