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Offering watch: Apollo vs. KKR
Both Kohlberg Kravis Roberts and Apollo Management made headlines when news broke that they were going public after all. They're not abut to stage Read more...
SWFs still interested in financial firms?
You would think that sovereign wealth funds have had enough of U.S. financial firms. Some of them have taken a real bath. Recall that Singapore's Temasek invested $5 billion in Merrill Lynch eight Read more...
JPMorgan raises $1.6 billion
JPMorgan Chase was able to raise $1.6 billion to buttress its balance sheet, but the money did not come cheap. The preferred debt issue Read more...
How will Lehman raise capital?
KBW analysts, after meeting with the Lehman Brothers COO, are telling clients that Lehman is not likely to sell its Neuberger Berman asset management unit. The unit is Read more...
Another Merrill Lynch shocker: $5.7 billion more in write-downs
Fresh off a massive loss, Merrill Lynch announced it will write down another of $5.7 billion for the third quarter. Most of that stems from a move to finally get rid Read more...
Credit crisis crunches Bill Miller
In the annals of investing, Bill Miller remains a big name. Recall that he beat the S&P 500 for 15 years in a row until last year. In 2007, his Legg Mason Value Trust fund fell nearly 7 percent Read more...
Dividends, the best source of capital right now?
We've noted that most banks big banks have fewer options when it comes to capital raising. Public offerings are increasingly hard, given concerns about dilution among other things. Outside investors Read more...
Labor unions vs. Wall Street
Labor unions have stepped up on a lot of shareholder-interest issues over the past few years. We're now seeing them pressing top banks in several areas. The latest: the American Federation of State, Read more...
Tough situation getting worse for Lehman Brothers
The conventional wisdom is that Lehman Brothers will not implode the way Bear Stearns did, thanks mainly to its access to the Fed credit facility. But as one Lehman Read more...
Shareholders paying for banks' sins
Banks have been a capital raising binge as of late. Banks big and small are busy issuing more stock, of various types, and cutting their dividends--even as they look for big investors. Fifth Third Read more...