Entries tagged "blackrock"

Firms reach PPIP fundraising targets

We hear from a well-placed source that Wellington Management and TCW Group have already reached their $1.1 billion goal for PPIP.

Finance Layoffs: Unemployment data

As the earnings season winds down, the financial sector, for the most part, posted better- than-expected results with fewer layoff announcements than recent quarters.

Pimco gives PPIP another headache

Pimco's pulling out of the PPIP may add to fears that participants will be stigmatized.

BofA's auctions receive mixed interest

So far bids for Bank of America's Columbia Management are lower than expected, but interest in the First Republic auction remains high.

Barclays' Diamond grabs $36M

Barclays' president Robert Diamond Jr. is 'The Master of the Universe' of the moment because he personally earns $36 million from a deal.

Barclays, BlackRock to digest

With the $13.5 billion sale of Barclays Global Investors to BlackRock, both parties will need to digest their recent transactions before returning to the dealmaking buffet table.

Evercore hires BlackRock co-founder as CEO

Evercore brings in BlackRock co-founder Ralph Schlosstein as president and chief executive.

I-banks, law firms hiring for structured finance

The amount of bankers and lawyers trading offices to cover mortgage- and asset-backed securities and related products has risen.

Finance Layoffs: Sovereign and BlackRock

The most recent layoff rumors and reports are at Sovereign, BlackRock and Fish & Richardson.

Could Larry Fink replace Mack at Morgan Stanley?

In his column Tuesday, The Wall Street Journal's Dennis Berman launched a guessing game into who might lead Morgan Stanley after chief executive John Mack (pictured) retires, probably in 2010. The leading candidates, according to Berman: co-presidents Walid Chammah and James Gorman, with chief financial officer Colm Kelleher and investment banking chief Paul Taubman as dark horses. Whoever takes the job will oversee a different bank from the one Mack inherited in 2005; Morgan Stanley, like rival Goldman Sachs Group Inc., became a bank holding company in September. What that means going forward is still unclear, which drives some of...

Finance Layoffs: BlackRock, BOA, Blackstone and more

More tough news for bankers as the layoff announcements continue. A total of 92,260 job cuts have been announced at major investment banks since October. Earlier this week financial services firms had already announced 220,506 job cuts so far this year, according to Challenger, Gray & Christmas. Fresh layoff announcements are adding to that number. Here are some of the the latest....

Morgan Stanley weathers $46B run on its money market funds

Morgan Stanley's money market funds were under siege in September as clients withdrew $46 billion -- nearly one-third of the account's total -- forcing the bank to prop them up with the purchase of $23 billion of securities held by the funds, according to a Bloomberg report. ...

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