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Bloomberg offers the best analysis yet of how Goldman Sachs has fared in the credit crunch. In the end, not even the gilded firm that bet so astutely on the subprime debacle was spared. It was... Read more...
In a collaboration that the New York Times calls unusual, New York state and federal prosecutors are joining forces to investigate possible manipulation in the market for credit default swaps. The... Read more...
Bloomberg offers an interesting article, suggesting that the woes of the big wirehouses may pose a once-in-a-lifetime opportunity for independent asset management firms. There's a lot of anger out... Read more...
"Right now we believe we are in a very comfortable spot in terms of our capital." So said John Thain, CEO of Merrill Lynch. He was addressing skeptical analysts who... Read more...
Bank earnings for the second quarter have been surprisingly strong, so far. Of course, expectations were really, really low, which helped JPMorgan Chase handily top... Read more...
We've noted that top banks and brokerages are pondering all kinds of asset sales. Few will do so in an environment as trigger-happy as the one in which Merrill Lynch now exists. Speculation is heavy... Read more...
With all top banks--except maybe Goldman Sachs--facing the need to raise more capital, it's a good bet we are going to see more asset sales. Read more...
Things are getting a tad uncomfortable for Merrill Lynch and its erstwhile CEO John Thain, a man most everyone thought was perfect for the job. We're not talking... Read more...
There was a day when the Bloomberg wasn't the primary vendor of financial news and analytics on Wall Street. I remember back when it was a start up, squaring off against the likes of companies like... Read more...