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Should Bank of America walk away from Countrywide?
MarketWatch notes that Countrywide is a bad position. Basically, its debts exceed its assets. Negative equity, of course, doesn't exactly speak well for the mortgage giant's future. Of immediate 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...
SPOTLIGHT: 2008 CEO Watch
So far in 2008, we've already seen a continued rise against the odds at Goldman Sachs, as well as an epic fall from grace in the form of former Wall Street giant Bear Stearns. Regardless of what's Read more...
2008 CEO Watch
So far in 2008, we've already seen a continued rise against the odds at Goldman Sachs, as well as an epic fall from grace in the form of former Wall Street giant Bear Stearns. Regardless of what's Read more...
Environmentalists vs. Blackstone Group
Remember the many steps Kohlberg Kravis Roberts took to appease environmentalists that had issues with its plans for TXU? (See next item). Well, a Read more...
Buyside moving to tap more trading venues
We're witnessing an explosion in trading options these days that has led to growing concerns on the buyside about fragmentation and the thought that perhaps good trading opportunities are being Read more...
Ken Lewis: Right on about mortgages
Not too long ago, there were a lot of rumors and press reports that Bank of America was interested in Countrywide. The AP quotes CEO Ken Lewis at the time: "We like the product, but we don't like the Read more...
Vanguard seeks just one beneficiary; a mistake?
Vanguard doesn't often get bad press. In fact, I would call it something of a perennial media darling. Personal finance reporters really like its low-cost, customer friendly approach. Which is why I Read more...
Icahn, hedge funds interested in Samsung?
Now this would be something: News reports have suggested that Carl Icahn may be interested in mounting a Read more...
VC-backed IPOs wane a bit
We've noted that the initial public offering market has been much stronger than people anticipated. Most people assumed, wrongly, that Sarbanes-Oxley would Read more...