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General Motors
Latest Headlines
Latest Headlines
Goldman Sachs looms large over GM IPO
It was huge news not too long ago when Treasury announced its lead managers for the General Motors IPO and Goldman Sachs (NYSE: GS ) was not among the winners. People used it as an example of how Goldman PR woes were affecting its ability to win mandates.
But Bloomberg notes that the in
Is the GM IPO worth the trouble for JPMorgan, Morgan Stanley?
We noted recently that the General Motors IPO ( IPO news), which will be huge, is more about bragging rights and prestige than actual profits. The government, to its credit, has wrangled a deal that features rock-bottom fees.
Breakingviews puts it in perspective: The average take on U.
JPMorgan, Bank of America lead in race for GM IPO?
We've noted that the Treasury will soon pick a lead underwriter for its planned IPO of GM , which could generate as much as $300 million in underwriting fees. This is a huge deal, perhaps the most strategically important since the Google IPO ( IPO news). FOX Business reports that JPMorga
GM IPO lead underwriter decision coming soon? Goldman Sachs to be passed over?
Bloomberg reports that the U.S. Treasury and General Motors ( General Motors news) may choose a lead underwriter for the automaker's widely anticipated initial public offering as soon as this week.
GM, which is more than 60 percent owned by the government, would like to sell shares to t
Lloyd Blankfein passes on GM offering pitch
Is there any question now that Goldman Sachs ( NYSE: GS ) stands to lose business because of its recent regulatory woes? The latest indication was the gilded bank did not even send its CEO, Lloyd Blankfein ( Lloyd Blankfein news), to Washington to compete for the coveted GM IPO manager role,
Pay czar cuts pay at seven firms
Kenneth Feinberg, the Treasury's special master on compensation, has apparently wrapped up his review of the pay of the top executives at seven firms that received massive bailout packages from the government. He will likely release his findings and recommendations ahead of the October 30 deadline
FDIC planning to oust Pandit?
When the government effectively ousted GM CEO Rick Wagner, a lot of people wondered why bank CEOs escaped a similar fate. My sense was that the bank CEOs were willing to toe the line to save their jobs, even if it made for some awkward positions. A good example is Citigroup's support for a cramdow
Citi's Pandit to follow Rick Wagoner?
The news that the Obama Administration has effectively ousted GM CEO Rick Wagoner has led to a lot of talk on Wall Street about the fate of the likes of Vikram Pandit of Citigroup and Ken Lewis of Bank of America. These are two CEOs whose job security is constantly talked about. Some wonder why th
Fannie and Freddie: A peek at the future
Not too long ago, government officials were fairly adamant that Fannie Mae and Freddie Mac would not remain in government hands for very long. But with every passing day, it looks more like the two entities have become extensions of the federal government. The New York Times notes the two GSEs
Big discounts for private equity stakes
The private equity fund secondary market has been active as of late. Unfortunately, a bear market has set in for stakes in many funds. In some cases, stakes have traded for as little as 30 cents on the dollar. The Financial Times reports that Cerberus fund holders were likely to have sold at t
