Credit Crunch news from FierceFinance
News
Repo market at crossroads
Did the repo market exacerbate the credit crunch? Probably. Which is why the Fed has plans to create a utility that would impose a new structure on the market and the big dealers who dominate it. It... Read more...
Hedge funds redux?
The 2008 metrics for the hedge fund industry are well known: About 15 percent of funds shut down, according to Hedge Fund Research. Assets fell from about $2 trillion in 2007 to about $1.3 trillion... Read more...
The real reason Citi directors won at the annual meeting
We've talked a bit about how hard it is for dissident shareholders to prevail at annual meetings. It may get easier soon because the SEC has agreed to scrap an old rule that basically guaranteed... Read more...
BlackRock Solutions' big success stokes worry
We've noted that there are a handful of firms whose stature has actually risen during the credit crunch. Along with JPMorgan Chase, BlackRock is near the top of everyone's list. Bloomberg reports,... Read more...
Should Ken Lewis now resign as CEO?
How should the stunning news from Bank of America's shareholder meeting be interpreted? Ken Lewis was stripped of his chairman title, though he remains CEO and president. There are two ways to look... Read more...
Hedge funds and SPACs
Has this arbitrage opportunity already passed? SPACs were all the rage not so long ago, as one after another sold shares to the public. But then came the credit crunch and a dearth of investment... Read more...
Bright future for private equity?
The carnage in the private equity industry during the credit crunch has been front-page news. From Cerberus' fiasco-like attempt to turn around Chrysler and GMAC to TPG's disastrous investment in... Read more...
The beginning of the end for hedge funds?
For much of last year, we've said that while hedge funds have been volatile, they have held up better than mutual funds and that they were not likely to lose the support of key institutions. As the... Read more...
Is Wells Fargo starting to creak?
For a while, it looked as if Wells Fargo were among the handful of banks that emerged in decent shape from the credit crunch. It even earned praise for its ability to outmaneuver Citi to purchase... Read more...
Bankers get bruised in Congress
This video clip (via YouTube) lays bare the general disgust that banking executives have engendered in congress and frankly across America. This congressmen, Rep. Michael Capuano, really lays into... Read more...
