Tag:
Private Banks
Latest Headlines
Latest Headlines
Private banks gear up
"Looks like dog-walking is gone for good. In the old days, some private bankers' idea of customer service was to take your poodle for an outing, or perhaps bring you a cup of soup in the hospital," notes Barron's in an article about the new momentum the private banking industry has generated.
Model for U.S. brokerages: European private banks
David Carroll, Wells Fargo's executive vice president for wealth, retirement and brokerage, made an interesting projection about the brokerage business at a recent Reuters summit. He predicted that within five years many top U.S. brokerages will resemble European private banks. That is they wi
Private banking makes a comeback
The retail wealth management industry has emerged as one of the staple businesses in diversified banks at a time when the composition of earnings seems to be in flux. Wealth management offers a stable source of earnings not subject to regulatory vagaries, expect perhaps the controversy over a fidu
Private equity firm sues Citigroup
A running theme on Wall Street as of late has been the soured relationship between private equity firms and banks. Kolhberg, Kravis and Roberts isn't starting its own investment banking unit for nothing.
But things appear to have hit a new low when it comes to private equity firm Terra Firma a
A great PR move for Goldman Sachs?
There's no doubt that Goldman Sachs ( GS ) and to some extent Morgan Stanley ( MS ) face some tricky PR issues when it comes to bonus payments for 2009. They are going to be massive at Goldman Sachs anyway--at a time when the economy is reeling. Not paying these bonuses is not really an op
Private equity's thinking on banks changing?
So will the new rules laid down by the FDIC draw private equity firms to banks or keep them away? It's really hard to tell. The headlines tell a mixed story. Some highlight the "tough new conditions," but at least those conditions are a bit less onerous than previously proposed.
Donald Marron,
Small banks at a TARP disadvantage
It's been two months since the Treasury started doling out TARP funds. Just in time perhaps for a lot of big banks. But smaller banks have been locked out so far, and they're not happy about it. A lot of small banks certainly are in need of relief as the real estate crisis continues to unfold and
Lehman Brothers deal still a possibility
The Korea Development Bank may not want to be the sole owner of Lehman Brothers, but it is apparently willing to be part of a consortium. The AP reports that the governor of state-owned KDB has told reporters that discussions were under way "to form a consortium with private banks as [we] beli
