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We'll likely get more details about the Kohlberg Kravis Roberts "IPO" when the firm files an amendment to its registration filing later this month. So far, people are... Read more...
KBW has put a value on Merrill Lynch's 49 percent stake in asset manager BlackRock: $30 to $35 billion, reports MarketWatch. This qualifies as a crown jewel in the Merrill portfolio of assets. If it... Read more...
Yahoo may have been able to stare down Microsoft at the bargaining table, but we may yet see big M&A fees from a deal. The catalyst in all this remains Carl Icahn. Following his lead, an all-star... Read more...
The most riveting drama on Wall Street right now--and there is plenty--is Microsoft's play for Yahoo. It seems to be on the verge of hostile. None other than Read more...
Here's Q4 cheat sheet: Citigroup is expected to write off about $19 billion. Merrill Lynch, about $12 billion, and JP Morgan Chase about $3.5 billion. The bad news is that will still leave Citigroup... Read more...
In the end, Charles Prince, the soon to be ex-CEO of Citigroup, was done in by his mentor. Sandy Weill took a Citigroup jet no less to Saudi Arabia and convinced Prince Walid, the bank's biggest... Read more...
The credit crisis that has engulfed Bear Stearns has claimed an internal victim, finally. President and co-Chief Operating Officer Warren Spector resigned on Sunday. According to news reports, CEO... Read more...