Financial News

People are stilling buzzing about the fee bonanza expected from the Facebook IPO. If the deal eventually fetches $10 billion--the firm will likely increase the size of the offering from the current

Goldman Sachs recently made it known that it was serious about hiring Richard “Jake” Siewert Jr., a former counselor to U.S. Treasury Secretary Timothy Geithner, to manage the

We noted recently that Bank of America’s market share of residential mortgage originations had slipped, which helped Wells Fargo make some huge gains and overtake the top spot. Now comes word

A New York Times investigation has turned up something intriguing relating to SEC enforcement actions against bulge bracket banks. The banks have routinely won exemptions to various restrictions that

The more compelling testimony in the Congressional hearing that featured two chief risk officers of the disgraced MF Global came from Michael Roseman, who appears to have been ousted by Jon Corzine

We’ve noted that one of the surprises so far in the Facebook IPO sweepstakes was that JPMorgan Chase ended up being the No. 2 underwriter, relegating Goldman Sachs to third in the pecking

MarketWatch reports that T. Rowe Price Associates is holding Facebook shares worth more than $400 million. Eight one funds and accounts managed or sub-advised by T. Rowe Price held Class A shares,

There’s a reason why the top private equity companies have been bent on diversification away from core buyouts. The conventional wisdom holds that the heyday is over--that the glorious returns

Brokers and wealth advisors face a tough situation with the Facebook offering. The fact is that no one knows whether it will be another Google or Microsoft, or just another tech company IPO that

Wall Street continues to buzz about Morgan Stanley’s big win in the Facebook IPO sweepstakes--and Goldman Sachs’ big loss. Recall that the latter bank didn’t even come in second.

In the rush of Facebook IPO news, many media outlets noted that the initial prospectus did not mention where the stock will be traded. That decision may not be made for a while, and Facebook will no

We noted recently that Bank of America seems to be shrinking its footprint in the national mortgage market. If you take into account correspondent lending, which the bank has exited, the numbers

There was some outlier talk before Facebook filed its IPO registration papers that perhaps it would take a page from Google and seek an unconventional IPO in some respects. Some thought the company

Bloomberg reports that Goldman Sachs is in talks to hire Richard “Jake” Siewert Jr., a former counselor to U.S. Treasury Secretary Timothy F. Geithner, to manage the bank’s

The issue of insider trading by members of Congress has been something of perennial issue. It has never been a big secret that members were allowed to trade on the inside information they glean as