Tag:
1980s
Latest Headlines
Latest Headlines
Bernie Madoff's biggest secrets
Bernard Madoff ran his empire of fraud off an IBM AS/400 circa 1980s in a room that was overseen by one Frank DiPascali, a 33-year veteran of the firm "with a rough Queens accent and a high-school education," reports Fortune. Few knew what he did exactly, but he was certainly a confidante. He'
Peter Madoff, what role did he play?
People have been speculating about who might have aided and abetted Bernard Madoff in his Ponzi scheme. The spotlight now turns to his brother, Peter Madoff. A New York Times reporter has been shown redemption checks made out to clients of the Madoff advisory business that were signed not be B
Hostile deals back in vogue
We've noted that hostile deals are back in vogue, which may be making some people feel like they're back in the 1980s . What with Michael Milken back on the scene and all? The Financial Times notes data from Dealogic showing that hostile deals are at their highest level since 1999. This yea
Back to the future: Michael Milken returns
Are you starting to feel nostalgic for the 1980s?
While we're not seeing a huge spike in overtly hostile bids, we are seeing a lot of skirmishing. The list includes: Yahoo-Microsoft, InBev-Anheuser-Busch, and Electronics Arts-Take Two, among others. The sense is that the time to strike s
Are we in for a wave of bank failures?
Remember the thrift crisis? Few people predicted the decimation of the S&L industry in the late 1980s and 1990s. Many went under due to imprudent real estate lending and, in some big-name cases, fraud. The pundits have yet to seize on this analogy, but it makes sense in light of comments John
FBI now looking into subprime mess
This is not a good sign. But we should have expected it. Big booms tend to end with loud bangs that draw the attention, rightly or not, of criminal prosecutors. The merger boom of the 1980s. The dot.com boom of the 1990s. And now, the subprime boom-bust? The FBI has announced it is probing 14 fir
No spate of outright bank failures expected
It's not inconceivable that the credit crises can lead to wholesale failures. Just look at the savings and loan crisis of the 1980s. But in this current crisis, Fortune notes that we're not likely to experience any major failures. That's in part due to the aggressive capital raising moves bei
Petrodollars moving abroad
We've seen this before: cash reserves abroad being put to work in the U.S. Japanese buyers were thought to be in a position to buy up New York in the 1980s. China has been on a shopping spree as of late. Citigroup, the Carlyle Group, Och-Ziff, the NASDAQ. All are seeking or have sought a deal
Fear settling in on Wall Street
As the crunch rolls along, it's clear that there's going to be a lot more layoffs on Wall Street. The bonus season in most places will be gloomy but not a downright disaster thanks to good results in the first two quarters. The overall forecast is for bonuses in aggregate to be just 10 percent low
Paul Tudor Jones 20 years after the crash
Paul Tudor Jones II--and his friend Robert Prechter, of Elliott Theory fame--famously called the crash of 1987. It burnished their images, that's for sure. Jones of course went on to have a great 1987 (a 200 percent gain that year) and has been an icon of the hedge fund world ever since. Right no
