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We've noted here and on FierceFinanceIT that a patent war has been looming in the financial services industry, just as it has long raged in the technology and biotech industries. Companies pretty... Read more...
We don't speak much of GE here, but the financial crisis has really hurt GE Financial. Fortune notes that the world still tends to think of GE as a diversified industrial company, but the fact is... Read more...
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...
When things are bad, they tend to get worse. At least that's how it seems right now in the financial services industry. Case in point: Charles Prince. He left his position as CEO of Read more...
Frank Quattrone, who outlasted prosecutors and lived for a second act in the financial services industry, has landed a big-name client: Google. The New York Times reports that Quattrone is aiding... Read more...
We've noted recently that the whole issue of taxes on private equity gains never really took off as a political issue, even among the populist-oriented democrats. It's a tricky issue, and the... Read more...
It used to be that if companies' trounced expected earning, investors would cheer. That still holds true in some cases, but in the financial services industry, beating the estimates means less these... Read more...
The Blackstone Group and Carlyle Group have shored up their presences in Japan. Most think that the financial services industry are prime targets. Note Shinsei Bank's deal with J.C. Flowers &... Read more...
Business Week Online says 2007 already is the worst year ever for financial-services industry job cuts. So far, the broad finance industry has slashed 130,000 job cuts. That compares with 50,000 cuts... Read more...
The Dubai Bourse is taking a 20 percent stake in the NASDAQ, which will give it nearly a 30 percent stake in the London Stock Exchange. The Abu Dhabi government is taking a 7.5 percent stake in the... Read more...