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Sunday, November 22, 
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Entries tagged "State Street"

Is Treasury protecting Morgan Stanley?

It seems one of the original nine TARP recipients that have subsequently paid back Treasury was near collapse last October. Do the May stress tests imply it was Morgan Stanley?


State Street drives to escape TARP

State Street announces plans to raise private capital to repay Treasury's Troubled Asset Relief Program.


Hiring: Jefferies Group, Moelis & Co and more

Moelis & Co., Jefferies Group Inc., Cantor Fitzgerald LP and BTIG LLC are just some firms that have been hiring.


Bank Watch: State Street's CEO got $29M bonus?

One recently awarded bonus that could ignite some fireworks is the $29 million in compensation State Street Corp.'s (NYSE:STT) CEO Ronald E. Logue received in 2008.


Bank Watch: No nationalizing Bank of America

The market was up Friday with financial stocks leading the rally.


Finance Layoffs: State Street, BofA and more

The latest layoffs in finance came amid an announcement that 598,000 jobs were slashed in January.


Bank Watch: Financial stocks jump-start

Stocks were up Wednesday as lawmakers debated the proposed $825 billion economic stimulus plan and "bad bank" plan. The Dow gained 124.97 points to 8,299.70, the S&P 500 jumped 20.38 points to 866.09, and the Nasdaq was up 43.64 points at 1,548.54....


Bank Watch: Citi sinks below $3

Stocks slid Tuesday. The Dow closed down 332.13 points to 7,949.09, the S&P 500 fell 44.90 to 805.22, and the Nasdaq slipped 88.47 points to 1,440.86. Banks stocks got slaughtered. ...


Bank Watch: Regions and State Street stocks plummet

Stocks were down as financial stocks were pounded after earnings announcements. The Dow slipped 117.00 points to 8,164.22, the S&P 500 fell 17.91 points to 832.21, and the Nasdaq skidded 37.04 points to 1,492.29. Bank stocks tanked Tuesday morning as dismal fourth-quarter earnings out of State Street Corp. and Regions Financial put more pressure on the sector....


Bank Watch: Citi may divest more assets; AIG receives bids

Stocks got off to a slow start Monday. The Dow sunk 125.21 points to 8,473.97, the S&P 500 slipped 20.09 points to 870.26, and the Nasdaq fell 32.80 points to 1,538.79. Financial stocks ended the day in the negative. ...


Finance Layoffs: UBS, Citadel, GE Antares and more

Bank layoffs are not only hurting Wall Street, but also New York state as a whole. The financial crisis could lead to 225,000 layoffs in New York City, and that could cost the state and city $6.5 billion in tax revenue over the next two years, New York state Comptroller Thomas DiNapoli said to The Associated Press. Compounding the problem for the state, employers expect to slow their hiring over the next three months through March, according to a survey by Manpower. Here are some of the latest financial layoff rumors and reports both in New York and elsewhere....


Bank Layoffs: Credit Suisse, State Street, Carlyle and more

Layoff announcements are mounting. A survey by Chicago outplacement firm Challenger, Gray & Christmas said November was the worst month for layoffs since January 2002. According to the survey, financial firms have announced more than 220,000 layoffs. Unfortunately, the pink slips did not stop there. Here are some of the latest announcements. ...



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Industry Insight

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.


Industry Insight

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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