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Another hedge funds bites the dust
The gravestone of hedge fund SageCrest Done might read "done in by its creditor." Apparently, Deutsche Bank told its client to sell Read more...
Alt-A loans, the coming convulsion?
There is a subtle undercurrent of fear on Wall Street about Alt-A loans. JPMorgan has about $19.5 billion worth of exposure to Alt-A mortgages, and it likely is not alone. I would be surprised if Read more...
A look inside a struggling small bank
The headlines are dominated by the woes of big banks, the likes of Citigroup and Bank of America. But the most vulnerable banks of Read more...
Anatomy of a good deal
Lone Star Fund's John Grayken is no stranger to troubled assets, notes the New York Times. He made a fortune buying troubled mortgages from the Resolution Trust Corporation in the early 1990s. In Read more...
Does IndyMac presage a slew of failures?
We've been suggesting that a string of bank failures may be around the corner. The federal takeover of Pasadena-based IndyMac--the second largest bank failure ever--serves as a timely reminder. After Read more...
Sad tale of a Merrill Lynch securitization
The New York Times offers an arresting story about an emblematic Merrill Lynch securitization in 2006. The securitized securities were so-called piggyback Read more...
ALSO NOTED: Carlyle closes leveraged loan fund; Cramer: more gains ahead; and much more...
Company News: > Cramer: More gains ahead. Video > Jefferies moves into mortgage-backed securities. Read more...
E*trade at the precipice?
It has been a long, hard road for E*Trade. The rumor mill has been unkind to it, and it still is not out of the woods. Fortune notes that since October, E*Trade has watched $56 billion in customer Read more...
ALSO NOTED: Morgan Stanley buys stake in seventh hedge fund; KBW cuts rating on State Street; and much more...
Company News: > Morgan Stanley buys stake in seventh hedge fund. Article > RBC cuts Wells Fargo estimates. Read more...
Banks still balking at Clear Channel deal
The Clear Channel saga continues, and it may end in court. At issue: Bank financing for the nearly $20 billion deal. The two buyout firms--Bain Capital and Thomas H. Lee Partners--seem willing to go Read more...