Tag:
Credit Markets
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Latest Headlines
As narrative section on statements loom. SEC taking harsher view of vague filings
For the most part, Sarbanes-Oxley has led to better financial statements, especially at the biggest companies. We've seen far fewer restatements since the law went into effect. That said, there will
SEC blasts Wells Fargo for vague language
Footnoted.org notes the SEC's recent reprimand of Wells Fargo for vague language in a recent financial filing. Some statements were so vague that they were next to meaningless, according to the agency. Here are some examples:
"Our financial results and condition may be adversely affected b
Is BRIC really the answer to Wall Street woes?
This is somewhat startling when you think about it: Euro zone countries, buffeted by economic malaise and cantankerous credit markets, are turning to the BRIC block of countries for bailout funds.
China, Brazil, India and Russia--as they ponder what steps they can take to alleviate the crisis,
Goldman Sachs' lead in trading dwindles
Is Goldman Sachs (NYSE: GS ) losing its touch when it comes to trading? It may be more a case of competitors willing to jump into the fray and aggressively compete.
Recall that in the aftermath of the credit crunch, a lot of banks scaled back. Goldman Sachs was happy to fill the void, and t
High yield market spooked
The credit markets are spooked by the Greece debacle. The high-yield markets are feeling the effects. In the past month, a massive sell-off has hit the U.S. junk bonds market, reports the Financial Times . Spreads have widened and may go even wider, as sovereign woes deepen. Article
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Biggest risk of the year
Risk management was an explosive issue in 2009. All companies were called on to better manage and even predict risk at all levels. The Basel II capital accords offer three forms of risk that banks
Apollo to list on NYSE
The IPO market resurgence and financial market strength in general has been a big boon for private equity companies in more ways than one. Clearly, it allows for much better portfolio exit opportunities. But it also allows some firm to revive plans to list shares on a major stock exchange.
The
The future of securitization?
For all the angst we've experienced over securitization in the credit markets, the fact remains that if done well it can add a massive amount of liquidity to the system--and that fuels the economy. So even as banks are still struggling with toxic assets, people are concerned that as people lose mo
More on Morgan Stanley vs. Goldman Sachs
Goldman Sachs and Morgan Stanley once competed against each other with a special zeal. To some extent, they are still the two premiere investment banks on Wall Street. But they seem to have evolved two separate business models, and the comparison may not be as apt for much longer.
As for
Is PIMCO too powerful?
Fortune says this about Bill Gross, the outspoken founder of PIMCO: "Is the bond king too big? Does he have Washington--and us--over a barrel?" No doubt it had a great 2008, a year in which many fund managers faltered. It bet correctly on mortgage bonds backed by Fannie and Freddie and outperf
