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Just when you thought that a measure of peace would prevail in the Wachovia-Wells Fargo-Citi mess, Citi CEO Vikram Pandit decides to shake things up. The Financial Times reports that in a "town hall"... Read more...
This is not the first time Goldman Sachs has faced a crisis. Recall that in 1994, a bond market meltdown forced the partners to dig deep into their own bank accounts to finance a bailout.... Read more...
Merger volume is down, but not dead. And those who aren't afraid to adjust to the new reality will be the winners. In TheDeal.com, a Jones Day partner argues that some private equity firms aren't... Read more...
JPMorgan Chase was able to raise $1.6 billion to buttress its balance sheet, but the money did not come cheap. The preferred debt issue... 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...
The news that Lehman Brothers CEO Dick Fuld is considering a leveraged buyout highlights to some just how unattractive the firm has become to potential buyers right... Read more...
We've spoken a lot about the rise of special purpose acquisition companies, or SPACs. They were all the rage over the past few years, as more top investment banks got involved with them. They were... Read more...
At a time when banks need huge capital injections, there's always a renewed focus on costs and efficiencies. You might have thought that such an environment would be ideal for some strategic mergers,... Read more...
We've noted that sovereign wealth funds, despite the political controversy, represent a vast source of new business of Wall Street firms. IDD fleshes out the idea a bit. Read more...