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TARP reversal hits Citigroup

November 13, 2008 — 3:15pm ET | By Jim Kim
While we have voiced support for the change in how Troubled Asset Relief Program (TARP) funds will be used, it's fair to say that the news is not good for all banks. Case in point: Citigroup. By one... Read more...

Valuations are the big issue in bailout

September 25, 2008 — 11:58am ET | By Jim Kim
Let's say that the government agrees to some sort of bailout. At some point, the RTC-like entity will use taxpayer money to buy distressed securities. And therein lies the big challenge. How do you... Read more...

Man in the middle: Ken Lewis

September 15, 2008 — 9:11pm ET | By Jim Kim
The CEO of Bank of America is not shy about laying big bets, despite the conservative image he wants for his bank. People have been saying for a while now that the Countrywide deal would be his... Read more...

Lehman Bad Bank idea a bad one?

September 12, 2008 — 11:09am ET | By Jim Kim
Lehman's announcement that it would spin off a bad bank was widely expected, and to many it seemed like a reasonable move. But not so fast. The issue of how the bad bank will be financed long-term... Read more...

A look at Merrill's deal on CDSs

August 10, 2008 — 9:16am ET | By Jim Kim
We've heard a lot about how Merrill Lynch's deal with Lone Star valued its collateralized debt obligations at 22 cents on the dollar--and the implications that it might have for Citigroup and others... Read more...

More certainty on toxic credit valuations?

August 9, 2008 — 8:54am ET | By Jim Kim
The truth hurts; at least it can when it comes to valuations of structured credit products. We're seeing a host of activity these days that seems to be placing a more realistic valuation on certain... Read more...

Merrill Lynch's deal-making prowess at issue

August 7, 2008 — 5:10pm ET | By Jim Kim
Merrill Lynch has been beaten up profoundly in the press. Most of the criticism has been pointed at John Thain's several pronouncements that the firm's capital... Read more...

Lehman in talks with BlackRock again

August 3, 2008 — 10:25am ET | By Jim Kim
Back in June, it was reported that Lehman Brothers was in talks with BlackRock about various mortgage-related securities. No deal ever emerged. Now comes word from CNBC that the two are once again in... Read more...

Lehman Brothers in need of massive surgery?

August 3, 2008 — 10:24am ET | By Jim Kim
"When gangrene strikes, amputation is sometimes the only sure remedy. Lehman Brothers may need to lop off two limbs." So says Breakingviews. All the attention was... Read more...

Can hedge funds save the economy?

August 3, 2008 — 10:23am ET | By Jim Kim
Lone Star is not alone in buying up super discounted mortgage assets right now. Business Week Online notes a host of hedge funds and Read more...
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