Tag:
Egan Jones
Latest Headlines
Latest Headlines
Jefferies CEO fights for personal wealth
When the markets started treating Jefferies like the next MF Global, Jefferies CEO Richard Handler kicked into action, winning praise for his aggressive efforts to stem the tide of rumors against a phalanx of short sellers emboldened by Egan Jones, which had issued a negative report about the comp
Egan-Jones vs. Jefferies battle continues
This is shaping up as quite a battle.
In some ways, the plight of mid-market powerhouse Jefferies was sparked by credit rating firm Egan-Jones--the one with the somewhat unique investor-pays business model. Egan-Jones issued a report cutting the broker dealer's credit rating for what it felt w
Jefferies still being penalized for previous European exposure
If there was one company that was hit hard by the fallout from the MF Global scandal, it was Jefferies, the mid-market powerhouse.
The company's stock tanked and its CDS spreads widened in the wake of a downgrade by Egan Jones, which raised issues about the firm's European debt exposure. The c
Jefferies cuts exposure to Europe
You have to give Jefferies credit for dealing with market concerns about as well as it could.
In this hair trigger environment, no firm wants to get blindsided by fear over its exposure to European debt. Unfortunately, such concerns mounted about Jefferies after Egan Jones reduced its rating o
Jefferies' wild ride reflects "who's next" skittishness
It's a hair-trigger environment out there in the wake of the demise of MF Global.
People are wondering who's next, and the spotlight unfortunately fell on Jefferies this week. The stock tanked 20 percent quickly on Thursday. Trading was halted. Worries ramped up, as people whispered about liq
Bloomberg to enter credit rating business?
Bloomberg apparently has plans to start offering an analytic tool, to go with the thousands available on its terminals, that would effectively rate a company's bonds. The Daily Mail has come up with an internal memo from someone at Bloomberg that notes the firm wants to offer users of
Is Bank of America poised to receive more aid?
Bank of America CEO Ken Lewis made headlines last week when he wrote in a memo that the bank "does not need further assistance today and I don't believe we'll need any more in the future." Let's just say not everyone is convinced. TheStreet.com notes estimates from an Egan Jones analyst that B
