financial services industry news from FierceFinance
News
Temasek sells out of Bank of America
There was a lot of concern not too long ago about sovereign wealth funds buying up U.S. assets. When it comes to the financial services industry, the grumbling has been muted somewhat by some big... Read more...
Leadership lacking on big issues?
We've noted over on FierceSarbox, on occasion that it is better for an industry to be involved in attempts to impose regulations than to be passive. Indeed, we sometimes see an industry calling for... Read more...
Perks now in lawmakers' crosshairs?
Top executives at large TARP-dependent banks face a new $500,000 salary cap, but they may also face a crimp in their bank-funded lifestyles. The Obama Administration, notes the New York Times, has... Read more...
The big picture on Wall Street jobs
The downsizing of the financial services industry is proceeding via nicks, cuts and big shogun slashes. Through October, 130,000 financial jobs had been eliminated throughout the industry this year,... Read more...
An end to the patent wars?
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...
Financial carnage spreads to GE
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, 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...
Sandy Weill piles on former protege
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...
Quattrone lands a big client
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...
Will hedge funds enter the political debate?
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...
