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Blackstone, new investment banking power

February 13, 2008 — 7:59am ET
The Blackstone Group has taken some PR lumps this year. Recall the long New Yorker article. But as of late. Wall Street is buzzing about the... Read more...

Citigroup to ink deal with China fund?

January 14, 2008 — 7:59am ET
It's no secret that Citigroup is in dire need of capital. The latest news is that China Development Bank, a China sovereign wealth fund, is willing to invest at least $2 billion, the New York Times... Read more...

ALSO NOTED: Did Joe Lewis lose by selling Bear puts?; Merrill sued by ex-First Republic shareholders; and much more...

January 2, 2008 — 7:59am ET
Company News:> Legg Mason grappling with SIVs. Article > Merrill sued by ex-First Republic shareholders. Read more...

Expect more sovereign wealth to flow into financial firms

December 12, 2007 — 7:59am ET
UBS was merely the latest in a line of banks that have accepted cash infusions from sovereign wealth funds, from the Middle East and Asia. In Business Week Online, S&P notes the pattern. China... Read more...