Tag:
Downfall
Latest Headlines
Latest Headlines
Capital One begins defense of ING Direct deal
Will the government allow the Capital One-ING Direct merger to proceed? That's the question du jour, as the first of three Federal Reserve Board meetings got underway.
The big issue on the surface is too-big-to-fail. Some have suggested that the merger, which would create the fifth largest dom
Morgan Joseph bets on credit markets
Exotic credit-linked securities have been the downfall of too many brand name investment banks as of late. But that spells opportunity for one boutique that carries the name Morgan Joseph--which was founded by Frederick Joseph, who some of you will recall was the former CEO of Drexel Burnham. For
Krawcheck to leave Citi
You could have guessed this was coming. Once the mythic "most powerful woman on Wall Street," Sallie Krawcheck, the head of Citi's wealth management unit, has taken some lumps as of late. Now comes news that she will leave the bank. The New York Times notes the move is part of yet another man
Pandit's hedge fund not faring well
The news that Citigroup will essentially wind down Old Lane, the hedge fund firm that Citigroup bought for $800 million, may stand as an omen. The fund--which was started by Vikram Pandit, who now heads the bank--has been a turkey for investors. Forbes notes that the fund fell 4 percent. I
Cayne sells stake in Bear Stearns for a pittance
Jimmy Cayne, ex-CEO of Bear Stearns , has taken a huge hit. His holdings in Bear Stearns were worth more than $1 billion a year ago. The New York Times reports he just sold his entire stake for just $61 million. Ouch! This seems to be symbolic more more than anything, and a capitulation. Obvio
