Tag:
decline
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Latest Headlines
Did Bank of America blunder in the HCA sale?
Bank of America has been in a frenzy to unload assets and shore up its capital position, in part to undermine the market perception that it faces some sort of shortfall.
Most recently, it agreed to unload about $880 million in commercial mortgages at a roughly 20 to 25 percent discount to face
Still reason to grumble on Wall Street pay
When it comes to bonuses, it's a game of hit-or-miss for Wall Street employees right now. Bonuses may tick up for many, but employees at premiere firms may see a decline. Traders, especially fixed income and derivative traders, may be among the disappointed. But there will be plenty of winners, an
Multi-family offices thrive as the wealthy seek advice
Not too long ago, people were lamenting the decline of the multi-family office. But now, according to Registered Rep ., the industry is back on a growth track. Assets under management are ahead of where they were 5 years ago by a significant margin, and the top firms are expanding again, accord
The decline of merger arbitrage?
Merger arbitrage was once a standard hedge fund strategy. But now AllAboutAlpha.com notes that at least two studies raise issues about the future of the strategy and all those merger arbitrage funds out there. An indicator to watch of course is the size of the deal spreads; it looks like they
Investment banking still a gold mine?
We've been talking lately about the decline of the deal kingpins. But Merck's $41.1 billion purchase of Schering-Plough suggests that the deal advisory business is anything but dead. In fact, it may be looking pretty good for the likes of Goldman Sachs, JPMorgan and Morgan Stanley. Bloomberg r
The return of relationship banking
Here's another silver lining in the great investment banking implosion of 2008: Dealmaking may well return to some of its gentler traditions, notably the return of the "relationship banker." According to Fortune , "the relationship banker is a more patrician and less pushy version of the league
Level three assets to rise?
Once banks started writing off lots of toxic debt, some thought we'd see a significant decline in level three assets, but that may not necessarily materialize as a trend. JPMorgan said in an SEC filing, for example, that its level three assets are on the rise. The increase reflected transfer of CL
ALSO NOTED: Goldman Sachs shuts down AQR fund; UBS rejects call to spin of wealth management unit; and much more...
Company News:
> UBS rejects call to spin of wealth management unit. Article
> Goldman Sachs shuts down AQR fund. Article
> HSBC to "stare down" hedge funds. Article
> JP Morgan Chase-Bear Stearns deal gets OK from NYSE. Article  Â
Inside the near-fiasco at Lehman Brothers
Lehman Brothers  deserves plaudits for its ability to pick its way through the recent rumor-laden minefield. It is not the next Bear Stearns , a reflection of good luck and good planning. Fortune offers an insightful look at how the bank prepared for a potential crisis. Starting a year
10 days that shook Wall Street
The implosion of Bear Stearns was nothing if not stunning for its sheer speed. Fortune offers an interesting reconstruction of the final 10 days. It still amazes me how the bank could go from not commenting on rumors to a deal for $2 a share in so little time. The fall was aided by a Gold
