Tag:
Auction
Latest Headlines
Latest Headlines
Madoff taste in wine questioned
The auctions of Bernard Madoff's personal items continue. Just sold: Madoff's collection of wine and alcohol. Nearly 60 lots of items from Madoff's personal collection were sold by Morrell & Company Fine Wine Auctions. "Madoff's selection was hardly the nicest of the spirits and wine being sol
Another option for NYSE Euronext shareholders: Break up
The battle for the NYSE is coming down to its shareholders and what they believe will generate the most value for their shares. Neither NYSE Euronext and Deutsche Bourse on one hand nor Nasdaq OMX and IntercontinentalExchange on the other is willing to rest right now. Both are pondering ways to en
CitiFinancial auction draws a frenzied crowd
The media is rife with reports that Citigroup ( NYSE: C ) has put its consumer lending unit up for sale. By some accounts, up to 10 private equity firms and other financial institutions like BlackRock and Santander are considering making a bid.
We're seeing the formation of several clubs tha
United States reaps profits from sale of warrants
It was widely known that Goldman Sachs ( GS ) bought back the warrants it issued the government as part of the bailout at a profit. But it was unclear just how profitable the deal was for the government. It was also unclear if the sales of warrants by other banks represented a good deal for the
Bank warrants auction results, a surprise?
We know that Jamie Dimon, CEO of JPMorgan ( JPM ), declined to buy TARP warrants back from Treasury at the Treasury's price, even after Goldman Sachs ( GS ) did so. Dimon's move looks really good now that Treasury has sold the JPMorgan warrants and fetched $936 billion Treasury . The conven
Another bad bet by Lehman Brothers: Art?
Lehman Brothers was known for its art collection back the day. A lot of that is set to be auctioned soon, notes Fortune . There will be some bargains in the initial round, the likes of David Hockney, Roy Lichtenstein and Robert Rauschenberg are expected to go for under $2,000.
The first 2
Will TARP warrants eventually be sold to the public?
One of the biggest issues regarding the TARP exit plans now underway is how much banks would pay to buy back warrants from the government. There has been a lot of rancor about whether Joe Taxpayer would get a good deal. The Treasury has just laid out some guidelines that aim to retrieve fair marke
The scoop on toxic asset plans to be announced
The rubber is meeting the road in the Obama Administration's efforts to end the financial crisis. According to the New York Times , the plans to be announced this week amount to a three-pronged action plan aimed at getting toxic assets off the books at big banks: First, the FDIC will set up par
Was Kravis forced to sell art?
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 master, notes Breakingviews, which nevertheless recommends that Kravis stick to private equity transa
Profiting from the credit crisis
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 Washington to clean up the mess are the same ones that helped cause it." Obviously it's a club
