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New credit ratings schemes likely to emerge

February 6, 2008 — 7:59am ET
The top credit ratings agencies, buffeted by severe criticism of their failed models, are tinkering with new schemes. At a minimum, they have to at least appear to be changing at a time like this.... Read more...

Citigroup's consumer unit ailing too

January 17, 2008 — 7:59am ET
Somewhat lost amid the news about the Citigroup's huge loss, its sovereign wealth injection, and CDO/SIV woes was the news about its consumer unit. Once the citadel of Read more...

S&P adjusts CDO risk model, ouch!

January 17, 2008 — 7:59am ET
In a technical adjustment, Standard & Poor's has announced that it has revised its expected losses for 2006 vintage subprime collateral to 19 percent from 14 percent, due to rising delinquencies.... Read more...

SPOTLIGHT: Friday CDO Downgrades

January 15, 2008 — 7:59am ET
"This happens every week--the Friday CDO downgrade bonanza"--so dubs the Financial Times. This past week... Read more...

ALSO NOTED: Ex-Goldman Sachs analyst gets prison in insider case; Och-Ziff assets up 10 percent; and much more...

January 4, 2008 — 7:59am ET
Company News:> SunTrust buys stake in hedge fund. Article> Temasek owns 9.4 percent of Merrill Lynch. Read more...

Next big thing will elude credit markets

December 21, 2007 — 7:59am ET
Way back in the 1990s, a group of so-called specialty finance companies cropped up. They basically made home equity loans to people with poor credit ratings. The loans were then securitized and sold... Read more...

Shadow banking system any clearer?

December 18, 2007 — 7:59am ET
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...

CDO Watch: Adams Square I

December 7, 2007 — 7:59am ET
Standard & Poor's announcement on a CDO called Adams Square I is drawing lots of attention. According to the Financial Times, Adams Square I was apparently liquidated at 25 percent of par. Ouch.... Read more...

One way to play the credit crunch

November 30, 2007 — 7:59am ET
Good Wall Streeters are always hunting for opportunities. Brian James, 35, and Joe Messineo, 34--former managing directors and co-heads of fixed income at Cohen & Co., that CDO powerhouse--have... Read more...

Citigroup to slash jobs en masse

November 27, 2007 — 7:59am ET
Well, it doesn't even have a CEO but the Citigroup interim chief and the board have apparently decided that cost cutting right now is something that any CEO would do anyway. So the company has let... Read more...
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