Tag:
Bond Prices
Latest Headlines
Latest Headlines
Probe: Goldman Sachs's bets did not knock California bonds
As the controversy over Goldman Sachs' ( NYSE: GS ) proprietary investment and trading operations heated up, there were many who thought that the firm was inappropriately dealing with the state of California and other municipal and state issuers. Indeed, it was big news when ProPublica
Morgan Stanley hurt by rise of its own bond prices
So much for the string of upside earnings surprises. Morgan Stanley reported a first-quarter loss of 57 cents a share ($177 million) vs. an expected loss of 8 cents. For the month of December--a month that fell, much like earnings at Goldman Sachs--before the official Jan.-March quarter, it lost $
Bank to tie hedge fund lending to their own CDSs
The Financial Times reports that Morgan Stanley and Goldman Sachs have developed systems that tie their lending commitments to hedge funds to the value of their own credit default swaps. As the price of CDS "insurance" grows, the amount they are willing to commit declines. Goldman Sach
