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!
How tough is this economy? Well, private equity kingpin Henry Kravis sold an Edgar Degas this week via a Sotheby's auction. The piece fetched just over $37 million, a new record for the French... Read more...
Does it ever seem that the financial services world is one big insiders game, even when it comes to regulatory activity? Here's how Business Week puts it: "Some of the finance outfits being tapped by... Read more...
Morgan Stanley was the low bidder in the Treasury's auction to find a top Wall Street adviser on GSE-related issues. It ended up making a stunning discovery: Freddie Mac's capital position was worse... Read more...
Well, it certainly feels like an auction. Lehman Brothers has informed three private equity firms--Hellman & Friedman, Bain Capital and Kohlberg Kravis Roberts--that they are still in the running... Read more...
Freddie Mac's $3 billion auction of short-term securities went well. Of course it took news of a massive potential government bailout to undergird market confidence. This is decent news, but the... Read more...
Wow! To think that just a month or so ago, people were saying that the worst of the credit crunch had passed. That line of thinking clearly was way too premature. Not only did the Bush Administration... Read more...