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Latest Headlines
Latest Headlines
Muni bond market on the mend
We've read a lot about the dire state of local finances, and Meredith Whitney's prediction of doom-and-gloom in the muni bond market generated lots of media around December.
But can it be that the market is actually on the mend?
Whitney's controversial research predicted a wave of defaults
Bank of America not alone in facing putback claims
All banks have been tarred with charges that they violated state and federal laws with their mortgage-backed securities offerings. Bank of America, however, has stood alone in that it was also the target of various putback claims--that is, suits that argue that the bank violated lenders representa
Facebook delays IPO, Groupon back on
With the IPO market--not to mention the aftermarket--- shaky right now, it's no surprise that more firms are delaying their offerings. Facebook has joined that crowd. The Financial Times reports that the firm has decided not to go forward until at least the fall of 2012. Previously, people exp
IPO market perks up, good news for sponsors
The IPO market has been on fire this year. And as of right now, the pipeline is chock-full. According to Renaissance Capital, nearly 170 companies are on tap for an IPO, which is said to be the largest backlog since 2000.
The market continues to be dominated by financial sponsor-backed deals.
The post-overdraft era has begun
Starting next month, new rules will bring the overdraft fee ( overdraft news) era to an end; banks will no longer be able to automatically charge such fees.
The industry responded well ahead of the July 1 start date. By one estimate (Moebs Services), nearly 14 percent of bank and credit uni
Citigroup alone faces big government stake
Not too long ago, it seemed fait accompli that Uncle Sam would end up a large owner of the nation's biggest banks. But a favorable stock climate has allowed some big banks, notably Bank of America and Wells Fargo, to raise more than expected via direct offerings, and asset sales have gone well.
Independent research race heats up
Not too long ago, we were bemoaning that state of independent research. Well, it looks like few firms, notably Goldman Sachs , Merrill Lynch  and Instinet, have cracked the nut--at least partially. The result for buyside clients may be a surplus of products out there that will be tough to
Goldman Sachs bids to regain crown in ECM
Mighty Goldman Sachs had a tremendous 2007, a year that people still are talking about, almost wistfully. It was common to suggest that if the bank had a weakness, it was in hedge funds. But Financial News Online notes that the bank also lost its luster in the equity capital market arena.
Nasdaq out for more SPAC business
Blank check companies are all the rage. Investment Dealers' Digest notes that the likes of Bruce Wasserstein, Joseph Perella, Thomas Hicks, Nelson Peltz and Ronald Perelman all have formed blank check companies. And the list is likely to grow. SPACs accounted for 25 percent of IPOs in 200
ALSO NOTED: Is the worst now over for investment banks?; No acquisitions for Wachovia this year; and much more...
Company News: > No acquisitions for Wachovia this year. Article > Wachovia, Visa renew partnership. Article > Will BNP Paribas bid for SocGen? Article > E*Trade insiders snap up stock. Article > More on E*Trade's Super Bowl ads. Article > PNC Vice
