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Saturday, November 21, 
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Entries tagged "Fidelity Investments"

Hiring: Barclays, Aladdin Capital and more

Looking for a job in finance? Here are the latest reports and rumors of where to look.


Finance Layoffs: Fidelity, Cowen and more

The latest layoff rumors and reports are at Ramius-Cowen Group, Fidelity Investments, Principal Financial Group and Silverton Bank.


Finance Layoffs: BofA, Regions, Fidelity and more

The latest layoff rumors and reports include Bank of America Corp., Regions Financial, Fidelity Investments and more.


Finance Layoffs: PNC, Fidelity and more

Morgan Stanley, PNC and Fidelity Investments are among the latest financial services giants to announce layoff plans.


Fidelity, Pershing will get burned if General Growth goes up in flames

Minority stake holder of General Growth Properties Inc. -- Fidelity Investments -- sees hedge fund manager William Ackman's Pershing Square Capital Management LP's recent purchase of 20% of the REIT as a catalyst that may help to turn around the beleaguered company. Shares of General Growth jumped as much as 98% in Tuesday trading on news of the Pershing purchases, which were made over a period of time in November, according to a Bloomberg report that cited an SEC filing. ...


The latest layoff roundup: Citigroup, J.P. Morgan, Nomura, Fidelity, HSBC and more

There are more pink slips and layoff announcements amid the National Association of Business Economists report that the unemployment rate was likely to peak at 7.5% by the third quarter of 2009. Last month the unemployment rate rose to 6.5%. That's the highest it's been in 14 years. No doubt all of the layoffs in the financial industry are adding to that number. ...


More bank layoffs announced

Unfortunately, it looks like banks are trying to tie up loose ends before the end of the year and announcing more layoffs, which are continuing to add up. The Financial Times reported earlier this week that up to 70,000 Wall Street jobs could disappear by the end of November, with the worldwide number of layoffs in the financial sector reaching 150,000....


Fidelity-Goldman probe confirmed

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 auction-rate securities to investors. ...



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Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


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Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



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