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Latest Headlines
Latest Headlines
The big picture: Will tremors spread?
The great fear is that the run on liquidity at Bear Stearns will spread to other tottering institutions. Lehman Brothers , which hasn't been nearly as hard hit by the crisis, announced it secured a credit line as its stock tanked. The real danger here is that the rumor mill gets cranked up
Shadow banking system any clearer?
There's been some big-picture talk as of late about the so-called shadow banking system. The banking world of old was all about gathering assets, making loans and selling bonds. That world hasn't existed in many years. But the credit crisis has certainly made clear that the new system has made th
Hedge fund industry still strong
In the third quarter, hedge funds added $45.2 billion in new assets, says Hedge Fund Research. The good news is that industry is on pace to break last year's annual record of about $130 billion. The bad news is that the flow of new assets is slowing. Still, it hasn't slowed to the point that
Bank of America builds equity team
On Wall Street, equity trading hasn't been the place to be for a long time. Let's face it-- the margins are really thin and the services seem commoditized. The places to be were in exotic securities with big margins and less than transparent markets. Investment Dealers' Digest notes, however,
Hedge fund outflows to moderate?
A report by TrimTabs Investment Research and Barclay Hedge says hedge fund outflows hit $32 billion in July. That's the largest outflow since 2000, according to FINalternatives . The issue is where the worst is over. The heavy selling could extend into August. But after that, the tide may turn
E-brokerages embrace social networking
The MySpace phenomena hasn't gone unnoticed in the discount brokerage industry. Increasingly, brokerages are embracing social networking, convinced it will lead to more trade volume. According to Business Week Online , the new services allow customers to do the standards, publish their profile
A winning hedge fund strategy?
August hasn't been all that kind to the hedge fund industry . An index published by Credit Suisse/Tremont shows that funds on average are down 1.54 percent for the first two weeks of the month. Eight of the nine investment styles were down. The only winning style was fixed income arbitrage. Th
Credit crisis rolls on
The world is still reeling from the on-going credit crisis, and all eyes for the moment are on the Federal Reserve Board. Will it take more action? Its hand might be forced. There are some signs that the crisis is spreading. According to The New York Times , the real estate developer
But wasn't the risk supposed to be offloadable?
It's a cliché that securitization and derivatives allow for risk to be offloaded. When it comes to the top banks, it hasn't rung true. Standard & Poor's argues that some banks in fact may now be carrying more credit risk than before because of their exposure to credit default swaps , syndi
Rumor: Messaging delays irk traders
Wall Street has embraced electronic messaging and ordering, of course, just take a look at the NYSE
