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Not too long ago, we were still talking about Goldman Sachs as the gilded bank that could do no wrong--the only investment bank to weather the credit crisis. But then it was forced to turn itself... Read more...
At least he won't get a bonus. That's what a lot of former Lehman Brothers employees, no doubt, thought when the news broke that Richard Fuld, the controversial CEO of the bankrupt investment bank,... Read more...
Bloomberg offers the best analysis yet of how Goldman Sachs has fared in the credit crunch. In the end, not even the gilded firm that bet so astutely on the subprime debacle was spared. It was... Read more...
Here's some grist for the political mills that are churning in high gear right now: Three of Wachovia's top executives have change-in-control agreements that could result in multi-million payouts if... Read more...
If you're an investment bank, the stable deposits of a commercial bank, even an ailing one, look pretty attractive right now. Even before the news hit that Morgan Stanley was in talks with Wachovia,... Read more...
Could Lehman Brothers CEO Richard Fuld have saved the firm? There will be plenty of post mortems, and more than a few might conclude that yes, there were deals that could have been struck. Neuberger... Read more...
Richard Fuld started at Lehman Brothers in 1969 as an intern. He moved up quickly, and for the last 15 years he's been CEO. Now it's all unraveling before his eyes. He's survived other crises, but... Read more...
That Barclays will buy a big U.S. bank is one of those standing rumors. They never seem to come true, but no one is quite willing to discount the idea altogether. As the credit crisis unfolded, many... Read more...
What to make of the latest UBS news? The bank is breaking into three distinct business units--Wealth management (sort of private banking), asset management and investment banking--and has been... Read more...
People tend to assume Goldman Sachs wields extraordinary power over Wachovia. The recent appointment of Robert Steel, a former Goldman Sachs executive, as the troubled... Read more...