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Ladenburg Thalmann analyst Richard Bove is sticking to his guns on Lehman Brothers. He made headlines--again--not too long ago for his buy recommendation, which was driven by his belief that a... Read more...
Two dollars a share. Hard to believe. But that shows you the extent to which Bear Stearns really was on the brink. It was a frenetic weekend of activity. CNBC reported early that JC Flowers and Read more...
The Bear Hug is back, thanks in large part to Morgan Stanley. The New York Times notes three instances of unsolicited bids. Microsoft's... Read more...
The New York Times explains that the auction rate market was invented by a Lehman banker in 1984. "The idea was to issue long-term securities that could pay their buyers interest rates only a little... Read more...
The travails of Northern Rock, the ailing British bank, have been big news in the U.K. Taking center stage in the drama: Goldman Sachs. After... Read more...
The practice known as "staple financing" features a single bank advising a target but also offering financing to the buyer. That puts the banks on both sides and would seem to be an obvious... Read more...