Capital Markets news from FierceFinance
News
Big banks get bigger in key markets
When it comes to underwriting, the top banks are now more dominant than they were before the crisis. Goldman Sachs, Morgan Stanley and JPMorgan now collectively "control 42 percent of the global... Read more...
Should we be worried about foreign banks?
Times are tough for U.S. investment banks, and overseas banks are taking aim at the market. Capital, Deutsche Bank, Credit Suisse and UBS are now among the top 10 global merger advisers; a decade... Read more...
Goldman Sachs bullish on Bank of America
Goldman Sachs bank analyst has given Bank of America a boost with some bullish comments. The analyst set the earnings target for the second quarter at 25 cents a share, which is on the high side. It... Read more...
Bank of America to defer bonuses
Bank of America will defer 2008 bonus payments for employees in its capital markets and investment banking units. Those slated to receive $50,000 or more, who usually get their bonuses in February,... Read more...
Bank of America pares in capital markets
Bank of America is starting to wield the ax in its capital markets unit. About 4,000 jobs could be made redundant. This in the context of the 35,000 job cuts announced in December. It's been clear... Read more...
What to do about energy speculators?
Can any one country really regulate the capital markets? The issue has cropped up in the wake of the Wall Street Journal's report (later reported on by the Washington Post) about Vitol, the big Swiss... Read more...
Debt specialists in the spotlight
The Financial Times suggests that the purchase by the Blackstone Group of debt boutique GSO Capital Partners last year speaks volumes about the credit universe that... Read more...
More hedge funds to tap capital markets?
The KKR move to become a publicly traded company throws the spotlight once again on alternative investment companies and the public markets. We may see more private equity companies try to somehow... Read more...
Pain spreads to East Hampton
So how bad is the downturn on Wall Street? Bad enough to spread to East Hampton, a favorite play area for the made-it Wall Street set. Tax revenues in the town are down 42 percent from last year. The... Read more...
Bond downgrades may hit record
According to Standard & Poor's potential bond downgrades hit a record 738 in May. That's more than 100 higher than a year ago. Meanwhile, S&P says potential upgrades are at their lowest level... Read more...
