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Jefferies
Latest Headlines
Latest Headlines
Jefferies CEO fights for personal wealth
When the markets started treating Jefferies like the next MF Global, Jefferies CEO Richard Handler kicked into action, winning praise for his aggressive efforts to stem the tide of rumors against a phalanx of short sellers emboldened by Egan Jones, which had issued a negative report about the comp
Egan-Jones vs. Jefferies battle continues
This is shaping up as quite a battle.
In some ways, the plight of mid-market powerhouse Jefferies was sparked by credit rating firm Egan-Jones--the one with the somewhat unique investor-pays business model. Egan-Jones issued a report cutting the broker dealer's credit rating for what it felt w
Jefferies battles rumors
You have to feel for Jefferies CEO Richard Handler, who has watched and listened with chagrin as the company's stock price tumbled and as rumors mounted.
This is an uncomfortable positioned to be in, and its similar to the position Lehman Brothers and Bear Stearns found themselves in before th
Jefferies still being penalized for previous European exposure
If there was one company that was hit hard by the fallout from the MF Global scandal, it was Jefferies, the mid-market powerhouse.
The company's stock tanked and its CDS spreads widened in the wake of a downgrade by Egan Jones, which raised issues about the firm's European debt exposure. The c
Roubini tweets about the next MF Global
And the next MF Global is..?
Noriel Roubini rocketed to fame when he correctly predicted the real estate and financial crises that devastated the economy. People in high places have been paying attention to him ever since. Which brings us to a few tweets he issued recently about the next MF Gl
Jefferies cuts exposure to Europe
You have to give Jefferies credit for dealing with market concerns about as well as it could.
In this hair trigger environment, no firm wants to get blindsided by fear over its exposure to European debt. Unfortunately, such concerns mounted about Jefferies after Egan Jones reduced its rating o
Jefferies' wild ride reflects "who's next" skittishness
It's a hair-trigger environment out there in the wake of the demise of MF Global.
People are wondering who's next, and the spotlight unfortunately fell on Jefferies this week. The stock tanked 20 percent quickly on Thursday. Trading was halted. Worries ramped up, as people whispered about liq
The myth of a falling stock price factors in Bank of America vs. blogs battle
You know a bank is on the defensive when it responds to a popular blogger in a manner that falls short of professionalism while nevertheless making some good points. Is this a sign that it has lost control of its press?
According to a recent Bank of America statement (as reported by the m
Market forcing Bank of America into a capital raise?
Brian Moynihan has been loud and clear on this: Bank of America does not need a capital raise. After all, the troubled bank has a lot of non-core assets to sell, which it surely will. The list of non-core assets does not include Merrill Lynch. But will the market force Bank of America into a dras
Nomura eyes bigger U.S. presence
Recall those heady days back in the 1980s when it looked like Japanese investment banks were ready to take over the world. The likes of Nomura, Daiwa, Nikko and Yamaichi stoked lots of fear as they entered the U.S. market. None of that fear was warranted. And it's a much different climate for Nomu
