Financial Services Firms news from FierceFinance
News
Stock underwriting revenues may be fleeting
Sanford Bernstein analyst Brad Hintz has issued a report discussing the strong equity underwriting activity as of late. Volume was up 86 percent through Wednesday compared to the first quarter.... Read more...
Top banks horde more cash
Cash is king, as it often is in times of crisis. Top financial services firms have been building their cash and near-cash positions, even as they face pressure to increase lending, notes Fortune. A... Read more...
What to make of the AIG mess?
There's a lot of frustration now that financial services firms are repeatedly hitting up Uncle Sam for more taxpayer money. All these government programs, at some point, seem to be redressing the... Read more...
Ackman tries a new tack
The world knows William Ackman as one of several big-name fund managers who bet against top financial institutions. He's got some new long investments now, notably Wachovia and AIG, reports... Read more...
Credit crunch to lead to more outsourcing
We've been talking for years about how more financial services firms are outsourcing more knowledge-oriented work abroad. Junior level research and analysis started getting offshored a few years ago.... Read more...
Cottage industry: Hedge fund directors
There's a shortage of legitimate hedge fund directors these days. Logical candidates would come from financial services firms, which brings into play many... Read more...
Private equity, banks still heading to the altar?
Private equity firms would love to gain leverage at top-tier Wall Street banks. But investing in financial services firms is a tricky business. The biggest... Read more...
