Tag:
Risky Assets
Latest Headlines
Latest Headlines
U.S. vs. UK on bailout plans
We're seeing lots of governments move to announce bailout plans. In the U.S., the Treasury is working all-out to implement the freshly passed plan. Britain just announced its own three-part plan. There's a key difference in the approaches of these plans: the U.S. plan will buy up risky assets, whi
Bill Gross: Writedowns to hit $1 trillion
According to the Financial News Online writedown-o-meter, banks collectively wrote off $205 billion as of June. Since then, the total has climbed higher. While we've heard many people suggest that the worst is over, Bill Gross, the outspoken bond manager at Pimco, is not one of them. He sugges
Are Lehman Brothers' options dwindling?
Will Lehman Brothers be forced to sell its Neuberger Berman asset management unit? There's been a lot of talk that it might be forced to find a buyer, or sell shares to the public. A UBS analyst just told clients that the bank will likely take that step in concert with a sale of risky assets,
Is fair-value accounting just?
In the wake of the Enron crisis, "fair-value accounting" seemed like a good idea. It was designed to create reporting uniformity and make it harder to play games. But it's turning out poorly for Wall Street in the on-going credit crunch. "Rather than making things clearer, the fair-value accountin
