decline news from FierceFinance
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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 Read more...
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 Read more...
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 Read more...
JP Morgan Chase luring more Bear Stearns employees
We've noted that Jamie Dimon, CEO of JP Morgan Chase, met with top investment bankers at Bear Read more...
ALSO NOTED: Goldman Sachs files for SPAC offering; Analyst cuts Lehman profit forecast; and much more...
Company News:> Analyst cuts Lehman profit forecast. Article > Fortress Read more...
Bear Stearns board getting a pass?
There was a great deal of anger before JP Morgan offered to redo its deal for Bear Stearns. The outrage over the $2 a share initial deal was powerful. The anger was Read more...
Did Bear Stearns executives lie?
Bear Stearns just can't win. The humiliation of the Fed-backed, JP Morgan Chase bailout was rank enough. Now comes word from Financial Read more...
The costs of alpha
Kenneth French, of Fama-French fame, has drawn attention for a working paper that calculated the cost of trying to generate alpha. The New York Times relates how the Dartmouth finance professor Read more...
John Mack fared well in 2007
Morgan Stanley CEO John Mack received some decent press recently when he made clear that he would not accept a bonus for what was a Read more...
Who won and who lost in 2007?
At Goldman Sachs in 2007, employees on average made $661,490, including salary and bonus--a 6.4 percent increase from $621,793 in 2006--notes Read more...