finance news from FierceFinance
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So you wanna work for Citigroup?
Of all the ways the government's hefty ownership of Citigroup hurts the banks, the number one harm has to be recruitment. Fortune asked Citigroup chairman Dick Parsons about why anyone would want to... Read more...
Can hedge funds game the PPIP?
Business Week reports that hedge funds and investment banks are scouring the proposed PPIP for ways to "exploit" the partnership and auctions. One expert tells the magazine the system is highly... Read more...
Lessons from Continental Illinois?
The 1984 takeover of Continental Illinois seemed to be a success on the surface. But then head of the FDIC William Isaac has caused a stir with his column in the Wall Street Journal arguing that... Read more...
Jim Cramer under fire
Of late, hedge fundie-turned-pundit and TV personality Jim Cramer has been called the "Jerry Springer of finance." I'm not sure if he would dispute that. Cramer of course has made enemies of AIG... Read more...
New Sherriff on Wall Street: Tim Geithner
Timothy Geithner, just 47, has emerged as the man on Wall Street. To a shocking degree really, he's calling the shots. Banks dare not cross him. The New York Post notes he's got his hands in just... Read more...
Short sellers getting inside info on CEO share sales?
These days, one mark of success as an academic in finance is whether your work will form the basis of an enforcement action. We've seen several studies lead to big investigations. The most recent... Read more...
Emails to figure prominently in Clear Channel fight?
Recall that Bain Capital and THL Partners sued a bevy of banks, notably Citigroup and Read more...
Buyout firms invest in own debt
Well, you can't fault them for their conviction. Three big private equity firms--Apollo Management, TPG Capital and the Read more...
Repo market starting to strain? Lehman an issue?
Repurchase deals, of course, have added lots of liquidity to the system over the years. They've become an indispensable source of cash for many market participants. But the problems at various hedge... Read more...
