Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets

Schedule of goodwill

(In thousands of dollars)	Reporting Unit MBS & Rates			Reporting Unit Investment Banking			Total
Goodwill
Balance at December 31, 2011	$	17,364		$	3,732		$	21,096
Increases/(decreases)	—			—			—
Balance at March 31, 2012	17,364			3,732			21,096
Impairment — June 30, 2012	(17,364		)	(3,732		)	(21,096		)
Balance at September 30, 2012	$	—		$	—		$	—

Schedule of intangible assets

(In thousands of dollars)	September 30, 2012			December 31, 2011
Intangible assets (amortizable):
MBS & Rates — Customer relationships
Gross carrying amount	$	641		$	641
Accumulated amortization	(449		)	(410		)
Net carrying amount	192			231
Credit Products - Customer relationships
Gross carrying amount	795			795
Accumulated amortization	(729		)	(610		)
Net carrying amount	66			185
Investment Banking — Trade name
Gross carrying amount	4,066			7,300
Accumulated amortization	(1,011		)	(874		)
Impairment of intangible asset — September 1, 2011	—			(3,234		)
Net carrying amount	3,055			3,192
ClearPoint — Customer relationships
Gross carrying amount	803			803
Accumulated amortization	(176		)	(100		)
Net carrying amount	627			703
Total intangible assets	$	3,940		$	4,311

Schedule of future amortization expense

(In thousands of dollars)
2012 (remaining)	$	124
2013	364
2014	337
2015	337
2016	301
Thereafter	2,477
Total	$	3,940