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Morgan Stanley cuts jobs, plans retail bank launch

November 12, 2008 — 6:10pm ET | By Jim Kim
In addition to the 10 percent job excision earlier this year, Morgan Stanley intends to cut another 10 percent across is institutional securities business and almost 10 percent in its asset... Read more...

End of an era: Goldman to post first loss?

November 3, 2008 — 1:40pm ET | By Jim Kim
Hard to believe, but Goldman Sachs has never posted a loss as a publicly traded company. That, however, may soon change. Glenn Schorr, analyst at UBS, predicts a loss for the fourth quarter. You have... Read more...

Financial carnage spreads to GE

October 13, 2008 — 1:36pm ET | By Jim Kim
We don't speak much of GE here, but the financial crisis has really hurt GE Financial. Fortune notes that the world still tends to think of GE as a diversified industrial company, but the fact is... Read more...

Erin Callan explained

September 30, 2008 — 12:39pm ET | By Jim Kim
Erin Callan runs Credit Suisse's hedge fund business, but she will be remembered for a long time as the sacrificial lamb at Lehman Brothers. She spoke, at times emotionally, about those stormy days... Read more...

Lehman releases 3Q earnings early along with capital plans

September 10, 2008 — 7:59am ET | By Jim Kim
We have a bit more clarity on the Lehman Brothers situation now that it has released preliminary third-quarter earnings and a peek at capital raising activity. The firm says it will sell a 55 percent... Read more...

Korean bank to buy Lehman Brothers?

August 24, 2008 — 9:53am ET | By Jim Kim
Just when you thought Lehman Brothers' play to attract capital from overseas was dead, along comes Korea Development Bank. A spokesman says... Read more...

JPMorgan raises $1.6 billion

August 15, 2008 — 9:17am ET | By Jim Kim
JPMorgan Chase was able to raise $1.6 billion to buttress its balance sheet, but the money did not come cheap. The preferred debt issue... Read more...

Blackstone to make real estate play?

May 19, 2008 — 6:59am ET
Recall that just before the credit crisis really hit home, the Blackstone Group was raising brows for its aggressive forays into commercial... Read more...

Wachovia raising $7 billion

April 14, 2008 — 6:59am ET
Wachovia, aiming in part to blunt the effects of its first quarter loss, says it will raise $7 billion to shore up its capital position. It appears it will issue some common and some preferred... Read more...