giant news from FierceFinance

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... Read more...

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... Read more...

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...

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...

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...

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...

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...

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 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...

Now this would be something: News reports have suggested that Carl Icahn may be interested in mounting a... Read more...