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At one point, it looked there would be an agreed-upon bailout plan. But then it all fell apart, leaving the fate of the plan up in the air. The combatants will try again today. At the White House, a... Read more...
The bailout of Fannie and Freddie has been a rank disaster for common shareholders of the two companies. They are clearly the big losers. The preferred shares are not as widely owned, but regional... Read more...
The conventional wisdom at the moment is that long-short funds are in heavy demand. According to Morningstar, about 90 money management firms offer more than 200 products applying a 130/30 or... Read more...
We've noted that pensions aren't bailing out on hedge funds and private equity funds. In fact, they continue to embrace them. That has made life a little more of an adventure for some pension... Read more...
We've noted that while the hedge fund industry is thriving, the barriers to entry seem to be rising. Launches are down, and the myth that just anyone can start one... Read more...
Does Citi Field have the same ring as Shea Stadium? Well, it likely depends on who you are. Mets loyalists may grumble. But for the bank, it's a nice, albeit expensive, marketing move. Business Week... Read more...
In its probe of credit rating agencies' practices, the Securities and Exchange Commission collected and reviewed more than 2 million emails and instant messages. Whew! It has uncovered a bevy of... Read more...
We noted recently that the credit crunch has not given rise to a lot of board turnover at hard-hit banks. Some boards, such as Washington Mutual's board, seem Read more...
Breakingviews.com strikes a note that we've hit on recently: Goldman Sachs has separated itself from its peers. While Goldman has remained extremely competitive, a lot of good companies are stumbling... Read more...
We've become accustomed to reading about Larry Fink, the CEO of asset manager BlackRock, of late. When CEO jobs at Merrill Lynch and Citigroup opened up, he was thought to be a candidate. When the... Read more...