real estate news from FierceFinance
News
High net worth customers can't get enough of alternatives
We've noted the long-running debate about whether the accreditation requirements for hedge fund investors ought to be lowered. For many the rules strike a paternalistic note: The non-wealthy can't Read more...
Wachovia turnaround underway?
The pressure is on for Robert Steel, the new CEO of Wachovia, who has raised the number of jobs the bank will cut. The AP reports that in a quarterly SEC filing, the bank Read more...
Bank of America: Another upside surprise
Bank of America joined Wells Fargo, Citigroup and a handful of other bank that reported better than expected earnings for the second quarter. It posted a gain of 72 Read more...
Plan unveiled to shore up Fannie, Freddie
Wow! To think that just a month or so ago, people were saying that the worst of the credit crunch had passed. That line of thinking clearly was way too premature. Not only did the Bush Administration Read more...
And the top-ranked private equity firm is ...
Fortune has come out with a list of top private equity firms according to recent fund raising activity, and the big winner is the Carlyle Group. Yes, its mortgage-backed securities fund stumbled, but Read more...
Tougher times in Greenwich, Conn.
Among suburbs preferred by hedge funds and more than a few top Wall Street executives, Greenwich ranks high. So how is it faring as Wall Street reels? Well, not even Greenwich is immune to the real Read more...
Are we in for a wave of bank failures?
Remember the thrift crisis? Few people predicted the decimation of the S&L industry in the late 1980s and 1990s. Many went under due to imprudent real estate lending and, in some big-name cases, Read more...
Credit crunch deals fair hand to BlackRock
BlackRock has emerged as something of an asset management bellwether. It's narrow earnings miss in the first quarter was not seen as any Read more...
Goldman Sachs' short call raises brows
Such is the stature of Goldman Sachs that people regularly read all kinds of motives into its research. Its bearish report on real estate recently was thought by some to be mere covering fire for Read more...
New perspective on the securities biz
So just how profound is the ongoing slump in real estate-related securities business? Well, new deal volumes have tumbled to 10-year lows, the Financial Times reports. In some cases, business is so Read more...