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Latest Headlines
Citigroup CEO proposes a way to compare financial risks
Citigroup CEO Vikram Pandit has generated mild applause for his idea on a new system that would allow for better comparison of banks when it comes to risk.
As Breakingviews describes it, "Pandit is championing an idea to make it easier to compare the way banks assess risk. To accomplish th
Should London fear China?
Back in the 1980s, Wall Street was beset with fear over Japan, which was rising out of the Far East, seemingly buying up all of New York and making deep in-roads on Wall Street. Names like Nomura and Daiwa loomed as possible rivals to the big bond dealers in Manhattan. It became a huge public poli
Tepid loan growth to restrain bank earnings?
A lot of consumers are frustrated that interest rates are incredibly low. But it's harder than ever to qualify for a loan or a refinancing.
So what good are low rates? This is a problem for the economy of course. But it's a problem for banks specifically. The lack of loan growth will crimp the
Small hedge fund seeding picks up
Are small hedge funds ( hedge fund news) set to thrive again? The great entrepreneurial burst of energy that created so many smaller-sized hedge funds before the financial crisis took root may be on the rebound.
Obviously, large hedge funds still have the edge. The regulatory climate and th
Synthetic CDO, mere whipping boy now?
If the synthetic CDO ( CDO news) were a person, we can only hope he or she has thick skin. The concept has been roundly trashed, especially in the wake of the SEC's ( SEC news) charges against Goldman Sachs ( NYSE: GS ) over its ill-fated ABACUS synthetic CDO.
Some people may deem it r
The future of low-cost investment advice
It has always been the case that brokerage accounts with, say, less than $50,000 or so were seen as a problem. On the one hand, they didn't generate revenue. It's possible that the account could grow into one that does, but that is really not likely. The fact is that all top brokerages and advisor
Should TARP banks be buying toxic assets?
Big banks accepted TARP funds to help them deal with the losses stemming from their illiquid portfolios of toxic assets. Now, some of them also want to buy some of those very same assets via the taxpayer-funded PPIP program. To some politicians, this amounts to raw absurdity. One senator, Spencer
A twist in Merrill Lynch bonus gate
What will New York AG Andrew Cuomo turn up in his quest to find wrongdoing in the Merrill Lynch bonus-gate controversy? Cuomo is now investigating whether the early payments of bonuses to Merrill traders encouraged them "to mark down their portfolios--which would make it easier for them to post ga
The corporate spy business thrives
These are good times for firms such as Kroll and Control Risks--the best known of the corporate spies. Fortune notes that they are seeing a huge uptick in demand from "banks, private equity firms, and hedge funds that need to make sure those pesky multimillion-dollar investments they made when
Days of reckoning for private equity
Not every deal out there is blowing up. We recently noted that several in the top 10 were holding up fine. But to be fair, the private equity world is bracing for lots of pain in their portfolios. According to Business Week, we're seeing more portfolio companies defaulting on debts and enterin
