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This is not the first time Goldman Sachs has faced a crisis. Recall that in 1994, a bond market meltdown forced the partners to dig deep into their own bank accounts to finance a bailout.... Read more...
The Treasury, after talking to 50 or 60 institutions, is pushing for the creation of a "covered bond market" as a way to provide liquidity to banks while assuring investors their money is safe.... Read more...
The heat is rising. Some investors are apparently mulling a lawsuit because of illiquidity in the auction rate bond market. Yet another credit problem for the industry to work through. Read more...
Samurai BondsBig name financial companies ailing hedge funds have been flocking to the Samurai bond market. Issuance has soared, even as the credit markets seized up in the U.S. and Europe. Liquidity... Read more...
For the most part, the headlines have been horrible when it comes to jobs and the banking business. Last month, the industry axed more than 26,000 employees (Challenger, Gray & Christmas),... Read more...
Is the merger boom cresting? Well, according to Dealogic, the value of U.S. deals hit $1 trillion already this year, the earliest date that it has hit that milestone ever. Last year, it took a few... Read more...
A new electronic bond market is the NYSE-Euronext's latest attempt to diversify a bit out of equities and a reminder that not all the focus is on Read more...