Morning Brief: Billings Steps Down from FBR Capital Markets

Tom Heath reports that Eric Billings is stepping down as CEO of FBR Capital Markets, the outgrowth of Friedman, Billings, Ramsey Group. He will be succeeded by President Richard J. Hendrix as of Jan. 1. It's the first time that the company will be led by a non-founder, though Billings...

By Terri Rupar | December 23, 2008; 7:18 AM ET | Comments (0)