News
Pandit's hedge fund not faring well
The news that Citigroup will essentially wind down Old Lane, the hedge fund firm that Citigroup bought for $800 million, may stand as an omen. The fund--which was Read more...
Sad tale of a Merrill Lynch securitization
The New York Times offers an arresting story about an emblematic Merrill Lynch securitization in 2006. The securitized securities were so-called piggyback Read more...
Microsoft to the rescue of Yahoo?
We noted not too long ago that it might not be wise to assume that the Microsoft-Yahoo dance was completely over. Ever since Jerry Yang and company spurned Steve Ballmer and company, Yahoo Read more...
Citigroup to combine debt and equities units
Financial News Online reports that Citigroup has plans to combine its equity and debt capital markets origination divisions into a single unit. The move follows Read more...
SPOTLIGHT: Morgan Stanley axes top analysts
Financial News Online reports that as part of Morgan Stanley's latest layoffs, several highly regarded stock analysts have been let go. Read more...
ALSO NOTED: Goldman Sachs, Morgan Stanley estimates cut again; Countrywide must face shareholder suit; and much more...
Company News:> Bullishness on Franklin Resources. Article > Read more...
The case against a Citigroup break up
A post at Naked Capitalism makes some astute points about the value of a Citigroup break up. A break up only makes sense if parts can be sold in a way that improves the Read more...
Ready for 'write-ups' in the second quarter?
Breakingviews notes another reason to think that the worst of the credit crisis may have passed. Credit default swaps on collateralized debt obligations and leveraged loans have staged impressive Read more...
Second-quarter earnings still a question mark
Goldman Sachs analyst William Tanona has reduced his second-quarter earnings estimates at Bear Stearns, Lehman Read more...
Moody's makes a few changes, keeps letters
Moody's surveyed its customers recently, and they apparently were in favor of keeping the ratings agency's time-honored letter ratings, AAA and so forth. To many critics, these letter ratings mean Read more...