Credit Crunch news from FierceFinance
News
So how bad is the IPO market?
KBW says the IPO market held up well in June, but then fell off a cliff; August was the worst month since 1992, according to a Financial News Online Read more...
Citadel wants to raise a massive fund
We've noted recently that the hedge fund industry's dynamics have morphed in the wake of the credit crunch. Investors are still ravenous for hedge funds, but they are astute enough to note that the Read more...
Bob Rubin's power at Citi eroding?
We've predicted that a lot of top bank boards, which largely survived annual meetings in decent shape, would do some tinkering in response to the credit crunch. Citigroup just announced changes that Read more...
Lehman Brothers CEO to be forced out?
We've noted before that Richard Fuld, CEO of Lehman Brothers, is really on the hot seat. Most doubt how he can possibly continue as CEO. Read more...
Will Barclays make a move for a U.S. firm?
That Barclays will buy a big U.S. bank is one of those standing rumors. They never seem to come true, but no one is quite willing to discount the idea altogether. As the credit crisis unfolded, many Read more...
Credit crunch to lead to more outsourcing
We've been talking for years about how more financial services firms are outsourcing more knowledge-oriented work abroad. Junior level research and analysis started getting offshored a few years ago. Read more...
Third-quarter earnings to be weak?
The two firms that arguably fared the best though the credit crunch--Goldman Sachs and JPMorgan Chase--might run into a bit of turbulence in Read more...
More hedge funds to tap capital markets?
The KKR move to become a publicly traded company throws the spotlight once again on alternative investment companies and the public markets. We may see more private equity companies try to somehow Read more...
Crisis exposing have vs. have not rift?
A New York Times column makes an interesting point about the on-going credit crunch: Main Street folks are continuing to struggle with little overt regulatory help, while the Wall Street folks are Read more...
Another upside surprise: Citigroup beats expectations
Citigroup reported a loss of 54 cents for the April-to-June quarter, which was not as bad as the 66 cents analysts were expecting. The loss reflects $7.2 billion in Read more...