Tag:
frenzy
Latest Headlines
Latest Headlines
Banks enter brave new credit card world
And so it has come to pass.
Much of the Credit CARD Act of 2009 is now in effect, bringing forth a slew of much discussed changes and pushing the credit card industry ( credit card news) to enter new terrain. At the same time, the Fed is preparing its own set of rules and processes
Lloyd Blankfein and the future of financial regulation
This is a good time for the industry's big dogs to make their voices heard when it comes to financial services regulation. The mood in Congress remains one of anger and disbelief when it comes to the industry's shenanigans. Some fear a headlong rush into a Sarbanes-Oxley set of new rules, whic
Demand for quants still strong, but...
Would-be financial engineers are still in demand, even though the hiring frenzy has abated, reports Financial Week . More than half of recent graduates from top quant schools found jobs. In the boom years, up to 90 percent found jobs upon graduation.
No one thinks that Wall Street is done w
Citigroup analysts: Slowdown in M&A a good thing
This might get you punched in some offices: The current slowdown in deal making is a healthy thing. The case is really not hard to make, and Citigroup has made it well, according to the Financial Times . Wacky bull markets of the near-bubble variety give rise to deal making frenzies that se
Dilution issues at Citigroup
When banks were in a frenzy of preferred share issuance not too long ago, a few analysts raised the issue of eventual dilution. Now that Citigroup  has gone ahead and raised $4.5 billion in common shares, the issue cannot be ignored. The Motley Fool notes that the offering prompted Goldma
Merrill Lynch wins WSJ correction
When the Wall Street Journal-- still the paper of record in the industry--suggested Merrill Lynch was using some Enron-like techniqies to minimize writedowns, it hit like a bombshell. I imagine the PR staff and lawyers going into a frenzy that resulted in what Merrill Lynch called a "
Private equity tax battle heats up
Many of you are following the private equity tax hike battle with obvious self-interest. With the hearings this week, the issue has really heated up. In a way, this is the result of a backlash of sorts that started back when Blackstone went public. I am not sure the public really gets irate a
Acquisitions looking not so smart now?
When Merrill Lynch bought First Franklin, Morgan Stanley bought Saxon Capital and Deutsche Bank bought MortgageIT, a lot of people applauded. What a great strategic move to lock in supply for their asset-backed businesses, which were humming. Similarly, when Morgan Stanley, JP Morgan, Citigroup a
The big, big picture: the on-going credit crunch
Business Week Online has weighed in with a big story on the on-going credit crunch , wrapping up the whole enchilada--with a bit of salsa. The excess in the mortgage industry, the reliance on leverage, the frenzy in the buyout industry. You've read it all before in bits and pieces.
Real estate deals in temporary lull?
The real estate deal environment was in a frenzy until the the Blackstone Group's $39 billion buyout of
