FierceFinance is the financial services daily monitor, with news covering the banking industry, asset management, capital markets and SEC regulations. Join
45,000+ bankers and fund managers who get FierceFinance via email for a quick daily briefing from an insider perspective. Sign up today!
If you take a look at the package that Bank of America is offering Merrill Lynch brokers, it's clear that it is mainly interested in keeping the really top producers--the big bulls in the Thundering... Read more...
The scale of the government bailout is unprecedented, but there's a big question hanging over it: Will it work? If so, at what cost? It will buy up lots of debt, most likely at a severe discount to... Read more...
Fairly or not, there are some who are less then awestruck by Vikram Pandit's much-anticipated new "strategy" for Citigroup. I wouldn't call... Read more...
Few companies generate press like Citigroup. Fortune at least asks an interesting question: is the banking behemoth too big to manage? Well,... Read more...
Rumors, rumors, rumors. They can devastate. Despite assurances from Bear Stearns CEO Alan Schwartz that the firm had adequate liquidity,... Read more...
There was a lot of thunder about hedge funds this year. But in the end, there does not appear to be serious damage to the industry. Sure, there have been some blow-ups, considering the Bear Stearns... Read more...
There's been some big-picture talk as of late about the so-called shadow banking system. The banking world of old was all about gathering assets, making loans and selling bonds. That world hasn't... Read more...
We've noted before that there have been some big winners in the on-going credit crunch. One of them appears to be the Franklin Templeton Mutual Financial Services fund. Manager Chuck Lahr had the... Read more...
There's been a lot written about the new bill that would boost taxes on partnerships that want to go public. If the law is passed as proposed, it would preserve the infamous out: Partnerships that... Read more...