Tag:
consolidation
Latest Headlines
Latest Headlines
Citigroup to make retail push?
The conventional wisdom continues to be that conservative, deposit-taking businesses are in vogue. For Citigroup, you have to wonder if the board will focus on building a truly national retail banking brand. All this makes sense--what else is there to build on? Unfortunately, according to recent a
Branches ripe to be pared back?
It's fair to say that banks are still in cost-cutting mode. CNNMoney notes that at most banks, the two biggest sources of expenses are employees and real estate. We've seen a lot of head count action obviously. American Express, now a bank, has announced it will layoff 4,000 more employees, on
ALSO NOTED: Goldman Sachs, Morgan Stanley estimates cut again; Countrywide must face shareholder suit; and much more...
Company News: > Bullishness on Franklin Resources. Article > Goldman Sachs, Morgan Stanley estimate cuts again. Article > Bank of America's Ken Lewis sees consolidation ahead. Article > Power outage shuts down ICE. Article > Icahn declares war on Yahoo bo
Consolidation in the PE industry
We all know that the private equity industry has entered a down cycle. But is it so bad that we'll see a lot of consolidation? It doesn't seem like any major firm is anywhere close to that level of trouble. Institutional Investor 's website notes that David Rubenstein, co-founder of The Carlyl
Buyside moving to tap more trading venues
We're witnessing an explosion in trading options these days that has led to growing concerns on the buyside about fragmentation and the thought that perhaps good trading opportunities are being missed. Fidelity Capital Market Services, the trading arm of the fund giant, has moved to provide broad
New dark pool startup faring well?
Since the start of last year, the number of so-called dark pools has doubled to more than 40, according to Financial News Online. Obviously not all of these guys will survive. Most people
New indie research shop born
Since most Street firms agreed, as part of the much-reported global settlement, to separate research from banking, a cottage industry of
So you wanna start a bank
Consolidation in the banking industry has been a big story; the number of banks in the U.S. has fallen to 7,402 in 2006 from 14,411 banks in 1977. But just when you think that big-ness is taking over, community bank startups seem to be hot. In many cases, executives at much bigger banks are taking
Another custodial deal, price too high?
We were all expecting more consolidation in the custodial services niche. Credit Suisse-advised State Street's deal to buy Investors Financial Services for $4.5 billion reflects that. The premium was on the high side at 38 percent. But State Street CEO Ron Logue told reporters that there were othe
The LSE hits back at Nasdaq
The London Stock Exchange has responded to the hostile action of the Nasdaq with a document that makes clear its view that the Nasdaq's bid is not rich enough. It does not mention any competing bids or deals. But it does allude to joint ventures. It says that it is "exploring strategic options for
