[Posted on July 31, 2008 at 5:52 PM]
Critics of fair-value accounting shouldn't ask Treasury Secretary Henry Paulson for support. ...
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[Posted on July 31, 2008 at 4:49 PM]
Investment banks are expected to announce fresh write-downs with subprime losses and the credit crunch slicing away at many company's earnings. In the past year, Merrill Lynch & Co. has
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[Posted on July 31, 2008 at 2:50 PM]
When Florida's BankAtlantic Bancorp sued analyst Richard Bove for defamation a few weeks back, it scored a bit of a PR coup. Though the suit didn't seem to have
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[Posted on July 31, 2008 at 2:14 PM]
The Federal Deposit Insurance Corp. by default has become the cleanup crew for the IndyMac Bancorp debacle. The agency will have its hands full to rehabilitate the bank and
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[Posted on July 31, 2008 at 12:05 PM]
In what may seem a little perverse, Morgan Stanley may put up to $1 billion of the cash it has saved from 4,800 layoffs toward some fresh blood. ...
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[Posted on July 31, 2008 at 11:30 AM]
The most salient characteristic of the current crisis -- "current" meaning for an entire year by now -- is its surrealism. That surrealism, in turn, is driven by the
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[Posted on July 31, 2008 at 10:52 AM]
Lone Star Funds rode to Merrill Lynch & Co.'s rescue this week, agreeing to pay $6.7 billion for its shaky mortgage securities and garnering attention as one of the few
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[Posted on July 31, 2008 at 10:30 AM]
Deutsche Bank AG earned a respectable second-quarter profit of $1 billion, but the amount was a 64% drop at $4.2 billion in the same year-ago period due to a
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[Posted on July 31, 2008 at 8:37 AM]
Write-downs on mortgage-related assets aren't just for big banks, and apparently neither is taking private equity money. Regional thrift Freedom Bank announced a $5 million conditional sale of 5 million
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[Posted on July 30, 2008 at 3:48 PM]
Another executive at an investment bank joins a hedge fund. Sail Advisors Ltd., an Asia hedge fund manager, has tapped former Goldman, Sachs & Co. managing director Vincent Duhamel as
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[Posted on July 30, 2008 at 11:29 AM]
The Federal Reserve Wednesday extended its emergency borrowing program offered to the largest Wall Street firms and took additional measures to increase liquidity in the credit markets. The borrowing program
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[Posted on July 29, 2008 at 6:00 PM]
Another day, and another financial services firm announces a restructuring, so it seems. But instead of sending the markets down, Merrill Lynch & Co.'s plan to save itself from
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[Posted on July 29, 2008 at 11:10 AM]
You've got to believe that when John Thain started putting together his most recent attempt to clear the decks at Merrill Lynch & Co., he wasn't thinking that he'd
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