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Blackstone Group's earnings disappoint

Blackstone Group's earnings took a hit but not for the reasons you might think. The firm's private equity business reported strong enough revenues, $227.3 million, up 42 percent from a year ago. The... Read more...

More banks aim to boost high-end wealth management

Lost in the earnings hubub, one bright spot at Bank of America has been overlooked: wealth management. Financial News Online notes that revenues rose 24 percent, bolstered by the acquisition of U.S.... Read more...

Lehman earnings: Could have been a lot worse

Lehman Brothers basically matched revenue estimates, and its $1.54 earnings per share actually beat the average analyst estimate. Of course the analysts predictions were shaved down significantly... Read more...

Look to 1998 for clues on bank revenue woes?

If you're an old pro on Wall Street, the current turmoil is not that new. Standard & Poor's notes some similarities between now and 1998. The subprime mortgage woes in some ways recall the Asian... Read more...

Crisis takes toll on Lehman and Bear Stearns

The hardest hit of the top investment banks have been Bear Stearns and Lehman Brothers. On the surface, this seems logical. They ranked as the top two firms in mortgage-backed securities... Read more...

What to make of Blackstone's earnings?

In its first earnings release as a public company, the Blackstone Group announced strong earnings. Earnings tripled. Revenues nearly did as well. Private equity was strong; revenues increased to... Read more...

Which banks are at the most risk? Bear Stearns?

Top investment banks by dint in part of their strong capital bases have not generally raised concerns by the big debt raters. While their CDS spreads have soared, none have been downgraded. Morgan... Read more...

Another sign of a private equity bubble

This is jarring: Financial sponsor activity has generated $10 billion in investment banking revenues so far this year. That's about one-third higher than last year. So it looks like we're on track... Read more...

Goldman Sachs cashes in beyond U.S. borders

Financial News Online notes that it appears that 2007 could be the first year during which more of Goldman Sachs' revenues come from outside the Americas. So far this year, the gilded... Read more...

JPMorgan trading drawing some looks

JPMorgan's trading seems to have become more efficient, according to Financial News Online. The bank's trading revenues rose by 24 percent to a record $4.1 billion, while its Read more...