CDOs news from FierceFinance
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Korean bank to buy Lehman Brothers?
Just when you thought Lehman Brothers' play to attract capital from overseas was dead, along comes Korea Development Bank. A spokesman says Read more...
More certainty on toxic credit valuations?
The truth hurts; at least it can when it comes to valuations of structured credit products. We're seeing a host of activity these days that seems to be placing a more realistic valuation on certain Read more...
Anatomy of a good deal
Lone Star Fund's John Grayken is no stranger to troubled assets, notes the New York Times. He made a fortune buying troubled mortgages from the Resolution Trust Corporation in the early 1990s. In Read more...
Does John Thain have a credibility problem?
In a way, it's unfair to tar Merrill Lynch CEO John Thain with the "not credible" label. But that description has been voiced a lot this year--fairly or not. Read more...
Another Merrill Lynch shocker: $5.7 billion more in write-downs
Fresh off a massive loss, Merrill Lynch announced it will write down another of $5.7 billion for the third quarter. Most of that stems from a move to finally get rid Read more...
Goldman Sachs turns bearish on Citi
There has been a lot of talk recently that the worst of the credit crisis is over. When it comes to Citigroup, some would beg to differ. William Tanona, respected Read more...
Pain of hedging revisited
We've noted recently that hedging in the corporate world at large is a tricky business. Some companies, like Southwestern Airlines, have pulled it off. Others, like Bunge, have failed miserably. On Read more...
The case for CDOs
Collateralized debt obligations have become the scourge of the financial markets. And for good reason. But are they so thoroughly discredited that they will simply disappear into some musuem of
Read more...Hedging risk a big earnings issue?
Hedging is a risky business. The bottom line is that it's really hard. We've said it before; there is fine line between hedging and speculating. I'm not sure anyone can lay out the full range of Read more...
Wave of lawsuits over CDSs coming?
The credit default swap market, as you know, has exploded as of late. The market's lack of a central clearing structure is an apt symbol for the current state of the market. The New York
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