mergers news from FierceFinance

Leon Black, the one-time head of mergers at Drexel, Burnham, Lambert, is one of many private equity players that has morphed into something of a distressed securities player--a predictable move given... Read more...

Investment bankers tend to be an optimistic lot, convinced that the next big deal is right around the corner. There's hope but not a whole lot more right now. Sure, we've seen some big pharmaceutical... Read more...

Obviously, the market carnage toward the end of last year was pretty devastating for asset managers. As assets sank, so did their stocks. But it also prompted some cost-cutting and a renewed drive... Read more...

There are more than 8,300 banks in the United States, nearly 10 fewer than five years ago, notes CNNMoney. But the economics of the industry are such that we may be in for an active period of... Read more...

People have been expecting some consolidation in the asset management industry for a while now. If we do see some deals, what are the chances that BlackRock will be involved? Pretty good, according... Read more...

AllAboutAlpha.com notes that there are two fairly common criticisms of the recent boom in the industry: The rampant growth allowed inferior managers into the mix, and alpha opportunities were simply... Read more...

Analyst Richard Bove has reiterated his sell recommendation on Goldman Sachs and cut his earnings estimates. For the year ending November 30, he now predicts $14.16 per... 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...

John Paulson was the toast of the hedge fund industry last year. By betting correctly and massively against subprime-related debt, his... Read more...

Not surprising here: Worldwide volume of mergers has fallen to a four-year low. There are a few bright spots: commodities and emerging markets for example. Hopefully, we'll see more strategic deals.... Read more...