[Posted on August 29, 2008 at 2:48 PM]
Even though Wachovia Corp. is reeling from a $9.11 billion second-quarter loss, Wachovia CEO Robert Steel says that the bank will not need to raise capital, but could sell noncore
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[Posted on August 28, 2008 at 3:00 PM]
Beleaguered investment bank Lehman Brothers Holdings Inc. is reportedly bracing for a new wave of layoffs. According to a New York Times item Thursday, citing someone briefed on the plans,
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[Posted on August 28, 2008 at 8:35 AM]
Natixis SA's plans to raise €3.7 billion ($5.4 billion) by selling new shares suffered a setback Thursday, when its stock slumped 9% after it revealed a larger-than-expected second-quarter loss.
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[Posted on August 27, 2008 at 5:54 PM]
Another day and still no news of an awaited and feared government bailout of mortgage intermediaries Fannie Mae and Freddie Mac. No news is good news for the mortgage giants,
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[Posted on August 27, 2008 at 4:40 PM]
Good news for bankers looking for a job. There is at least one investment bank hiring. The bad news is that you have to speak French. ...
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[Posted on August 27, 2008 at 1:30 PM]
The office of New York Attorney General Andrew Cuomo confirmed there is an investigation into whether Goldman Sachs Group Inc. slipped incentives to brokers at Fidelity Investments that were selling
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[Posted on August 27, 2008 at 12:30 PM]
The FDIC revealed that the number of banks on its "problem list" rose 30% during the second quarter of 2008. At the end of June, there were 117 banks on
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[Posted on August 27, 2008 at 11:07 AM]
The plot continues to thicken around Lehman Brothers Inc. asset management unit with private equity firms Kohlberg Kravis Roberts & Co., Hellman & Friedman LLC and Bain Capital LLC circling
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[Posted on August 27, 2008 at 11:04 AM]
Rattle your tin cup if anyone's out there. The final days of summer are a tough time to provide a distracted world with financial stories. But the show must go
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[Posted on August 27, 2008 at 9:33 AM]
The Royal Bank of Scotland Group plc is bringing in three new non-executive directors in response to the criticism of CEO Fred Goodwin.
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[Posted on August 27, 2008 at 9:15 AM]
It seems German insurer Allianz SE could be days away from a deal for its Dresdner Bank unit. Analysts are predicting it will sell to Commerzbank AG rather than accept
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[Posted on August 26, 2008 at 4:09 PM]
The FDIC said the list of "problem" banks has increased to 117 institutions, up from 90 at the end of March, according to The Wall Street Journal. The names of
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[Posted on August 26, 2008 at 2:27 PM]
It's penny-pinching time! With write-downs weighing heavily on investment banks, many are looking at creative ways to cut down costs. ...
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