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Many of you likely thought it was ambitious of Kohlberg Kravis Roberts to plow forward to a public listing. The environment is hardly welcoming right now. So it's not really a surprise that the... Read more...
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...
The latest rumor regarding Lehman Brothers is that it is mulling a sale of its entire asset management unit, not just Neuberger & Berman. This would not be a... Read more...
Fairly or not, there are some who are less then awestruck by Vikram Pandit's much-anticipated new "strategy" for Citigroup. I wouldn't call... Read more...
The most powerful business people on the planet. You might think that the financial world would be well represented. Perhaps two years ago, they would have been more plentiful on the list. But only... Read more...
Meredith Whitney speaks with authority on Citigroup. She predicts Citigroup will announce an $11 billion writedown this Friday, to go with... Read more...
Portfolio magazine raises an interesting question: Is volatility good or bad for hedge funds? The conventional marketing wisdom, of course, is that volatility is what makes hedge funds so... Read more...
Goldman Sachs ranks as the 10th most admired company in America, and tops on Wall Street, according to a recent survey by Fortune Magazine (see the full list Read more...
This is no surprise: Investment Dealers' Digest has named Goldman Sachs the bank of the year for 2007. I can think of several reasons for this.... Read more...