Deutsche Bank news from FierceFinance
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Another hedge funds bites the dust
The gravestone of hedge fund SageCrest Done might read "done in by its creditor." Apparently, Deutsche Bank told its client to sell Read more...
Citi feeling pressure to take more writedowns?
While Merrill Lynch has moved to puts its collateralized debt obligation woes behind it, Citi still has about $23 billion in net Read more...
Could anyone buy Lehman Brothers right now?
The news that Lehman Brothers CEO Dick Fuld is considering a leveraged buyout highlights to some just how unattractive the firm has become to potential buyers right Read more...
Recovery in leveraged loan market?
IDD reports that the syndicated loan market is still struggling. A big part of that is the on-going drought in leveraged loan issuance, which reflects largely the slowdown in LBO activity. New Read more...
John Devaney finally packs it in
The fall of John Devaney has been chronicled in bits and pieces. First came news that his yacht, the 142-foot Positive Carry, was up for sale. Then came news that his Aspen home was on the block. Read more...
Merrill Lynch leaning toward sale of Bloomberg?
We've noted that top banks and brokerages are pondering all kinds of asset sales. Few will do so in an environment as trigger-happy as the one in which Merrill Lynch now exists. Speculation is heavy Read more...
Big test of leveraged loan market coming up
The leveraged loan market has been whipped recently. Obviously, it really went into the doldrums as the credit crunch reached its nadir. But then the vultures moved in, including a lot of private Read more...
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Read more... Lots of institutions sitting on cash
For most institutional investors, it's still wait and see time. They are facing a harsh new reality when it comes to hedge funds, and Read more...