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If we were to assign reverse break-up fees an actual market value, such fees would constitute a bull market. How long would it be before banks started making markets in options and swaps on such... Read more...
We were excited to hear that Carl Icahn was planning to start blogging with something called the Icahn Report. But TheDeal.com reports that his lawyers have put that on hold. Read more...
The question on everyone's mind is: how did he do it? Societe Generale believes that, Jerome Kervial placed large long bets in one portfolio and then created fake hedges in another portfolio. So... Read more...
It has been a buyer's market--and contractual terms reflected that. But after a nasty spate of busted deals, headlined by the on-going Sallie Mae blow up, ClearChannel and others, the New York Times... Read more...
When the Wall Street Journal--still the paper of record in the industry--suggested Merrill Lynch was using some Enron-like techniqies to minimize writedowns, it hit like a bombshell. I imagine the... Read more...
Did Citigroup wait too long to announce its massive writedowns? That is the question posed by Fortune magazine's Carol Loomis. She suggests the delay may not have been in keeping with disclosure... Read more...
According to a recent government report, investment banking pay is hitting absurd levels. The weekly pay in the profession is $8,367, compared with $841 for all private sector jobs. Are investment... Read more...
Eliot Spitzer's wars, on mutual funds and sell-side research among other targets, really shook up the industry, to the glee of lawyers. But now that he is governor of New York, is he changing his... Read more...