Credit Crisis news from FierceFinance
News
Bill Gross's star still rising
Bill Gross has always been a star in the financial services industry. The credit crisis has elevated his status to a whole new tier. And that has the New York Times doing a big profile of the... Read more...
Hedge funds start-ups cropping back up
Even before the credit crisis set in, many noted that hedge fund start-ups were few and far between. The idea that all you needed was a computer and some capital was always something of a myth, akin... Read more...
Tim Geithner, a victim of the real estate mess?
We've seen some high-profile "victims" of the real estate crash. Chief among them: New York Times economics reporter Ed Andrews, who penned a long confession for his paper abut how ended up with an... Read more...
Mozilo charged with civil fraud
Angelo Mozilo was among the most widely known rogues of the credit crisis. He could become the government's first really big-name target. Barring a successful 10th-inning appeal, Mozilo will be... Read more...
Big banks crush mortgage brokers
Back in the day, mortgage brokerage operations were hot--a good way for people with the gift of gab to make a great living. It wasn't that hard to make a six figure salary, even more if you could... Read more...
Longer exits in private equity industry
George Fisher, a senior adviser at Kohlberg Kravis & Roberts, spoke at Columbia Business School recently and made clear that the on-going economic crunch is affecting the business, reports... Read more...
Securities analysts discredited by credit crunch?
We've noted that there have been plenty of value-oriented mutual fund managers that have taken some huge lumps in the credit crisis. The likes of Bill Miller of Legg Mason and others, true to their... Read more...
History already unkind to Thain, Lewis
The media heavyweights are weighing in on the Bank of America-Merrill Lynch fiasco with lengthy retrospectives on what went wrong. The latest to publish: The New York Times. It offers a look that... Read more...
Perspective on the private equity bloodbath
It's not news that the private equity industry has been battered by the credit crisis. TheDeal.com puts some perspective to the carnage; it notes S&P data showing that 218 companies with private... Read more...
How bad is it in NYC?
It's been a long time since New York City has been through anything like this. Not since the 1970s, when the city nearly went bankrupt, has it been in this much municipal pain. Reuters notes one... Read more...
