Tag:
Plunge
Latest Headlines
Latest Headlines
Morgan Stanley shares reflect fearful environment
How trigger-happy are the markets right now? Just ask Morgan Stanley. Its shares plunged about 40 percent in one day earlier this week, as fears arose that the $9 billion investment from Mitsubishi UFJ was in doubt. Morgan Stanley tells Breakingviews that the deal will be finalized this weeken
Oaktree raises massive distressed debt fund
We've noted that valuations have improved for some on-the-brink debts as of late, notably leveraged loans and some credit default swaps. The trading psychology seems to be improving in part because of the massive bets that private equity firms and hedge funds seem to be making on distresse
More on private equity and banks
Private equity  funds traditionally have not had a lot of time for public investments (not enough control for them) and financial service firms (not the right business model). But the Washington Mutual deal, as we've noted , may change that. Fortune weighs in with an article that note
Lehman Brothers raises $3 billion
So who invested in Lehman Brothers ? That's the big question. All we know is that Lehman intends to raise $3 billion from American institutions, not sovereign wealth funds. The move is necessary, given the recent anxiety that the company was another Bear Stearns waiting to happen. That does no
Small deal market still thriving
The plunge in financial sponsor activity fortunately has not proven contagious for really small deal makers. While big and mid-market deals continue to fall, those worth less than $100 million continue to rise, notes Investment Dealers' Digest. These deals tend to be easier to close, as they
How much private equity blood will spill?
Blackstone Group's 90 percent plunge in first quarter profits sent another shudder down the spine of the private equity industry. The Carlyle Group's credit fund woes certainly aren't helping things, either. The New York Times suggests that all the top funds are reeling. This brings up the Fre
Lehman to lay off another 5 percent
We've been telling people to expect a whole lot more layoffs . According to CNBC , Lehman Brothers will lay off about 5 percent of its workforce, which could amount to 1,000 to 1,500 jobs. The cuts will come across all business segments. Last year, Lehman cut about 4,000 jobs, most of th
The mystery of Merrill Lynch's stock drop
Merrill Lynch 's stock mystified many last week, the AP notes. Many assumed its plunge was related to the fact that it changed the conversion terms on some of its LYONs, increasing from 14.1 shares to 16.5 shares. It also gave bondholders another couple of redemption dates in 2010 and 2014.
