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giant
Latest Headlines
Latest Headlines
American clients of UBS turn themselves in
The big battle pitting American regulators against the vaunted Swiss banking giant UBS has taken an interesting turn. More American clients are voluntarily identifying themselves to the IRS, in hopes of winning leniency later on, reports USA Today . Recall that the government reached a deferred
KKR delays public listing
Many of you likely thought it was ambitious of Kohlberg Kravis Roberts to plow forward to a public listing. The environment is hardly welcoming right now. So it's not really a surprise that the private equity giant has postponed plans for its going-public transaction to 2009, according to media re
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 concern is the deal that Bank of America  has struck. As Countrywide's loan problems mount a
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 Eric Schmidt, CEO of the search giant, as it formulates a strategy amid the Microsoft-Yahoo derby
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 already transpired though, these eight CEOs are likely to make headlines from now until the end o
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 similar fight may be in the offing farther west, according to Fortune . This one pits the Blackstone Group against people who do not want t
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 missed. Fidelity Capital Market Services, the trading arm of the fund giant, has moved to provide broad
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 business." Now, after Bank of America made a $2 billion investment in the ailing mortgage gian
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 was struck by this Forbes article about Vanguard's move to limit its IRA customers to a si
Icahn, hedge funds interested in Samsung?
Now this would be something: News reports have suggested that Carl Icahn may be interested in mounting a
