FierceFinance is the financial services daily monitor, with news covering the banking industry, asset management, capital markets and SEC regulations. Join
45,000+ bankers and fund managers who get FierceFinance via email for a quick daily briefing from an insider perspective. Sign up today!
Citigroup has a new hedge fund manager to contend with. Edward Lampert, of ESL, who made $1.3 billion last year, according to Alpha, has acquired 15.2 million shares of the bank via RBS... Read more...
Goldman Sachs has certainly received some high praise for its work on the TXU deal. A great example is an article in Newsweek. It paints a glowing picture of how Goldman supported a... Read more...
Pershing Square Capital Management seems to have a new target in its sights. The hedge fund has disclosed that it has acquired an 11.3 percent stake in Ceridian Corp., which provides HR and... Read more...
In what has to be a first, Citadel, the big hedge fund operator, will issue bonds to the public and put the proceeds to work in its own investment portfolio. Apparently, there have been a few fund... Read more...
We've talked a lot about all the excitement over China's banks, which have enticed many a Western firm and staged some of the biggest IPOs ever. So the news that Morgan Stanley has acquired Nan... Read more...
As Amaranth continues its fight to survive, people are talking more about the opportunities that stem from its implosion. Clearly, there is still a lot of interest in energy commodities. JPMorgan... Read more...
Ameritrade ran into a PR issue of sorts when a three-day glitch affected a customer who just happened to be a financial columnist. He ended up writing about it. "I realized the outage could put... Read more...
Electronic Data Systems has apparently won a hefty $700 million contract from Bank of America to integrate the technology infrastructure of the company now that it has acquired MBNA. This is not a... Read more...
Is Canada primed for a boom in deal activity? Greenhill has announced that it has acquired Toronto-based boutique Beaufort Partners. The purchase will give Greenhill (which is run, of course, by... Read more...