Tag:

Turmoil

Latest Headlines

Latest Headlines

Financial firms leading outsourcing surge in India?

Financial services firms were big users of India-based technology support firms. It was never clear exactly how the turmoil on Wall Street would affect outsourcers, but some think the slow recovery

Wall Street's middle class taking a beating

Ridgewood, New Jersey is not Greenwich, Conn., but it was home to lots of mid-tier Wall Street employees. And as such, the town of 24,300 people 25 miles from Wall Street makes for a good setting for an article on the profession's turmoil in the industry by Bloomberg .  The entire town seem

For hedge funds, volatility isn't enough

The hedge fund industry's mantra has long been that they thrive on volatility. But recently, people have noted that there's been lots of volatility--record amounts in fact--but hedge funds are shaking out faster than coconuts in a hurricane. So is the time-honored mantra wrong? AllAboutAlpha.com

BATS, now an exchange

As of now, you can execute trades of two stocks via BATS, which filed for exchange status in November 2007, and received approval in August. The Kansas City-based techno pioneer, which matched about

Big war on for Thundering Herd

We've noted as of late that the cachet of being a wirehouse broker has really faded. The credit crunch, and resulting turmoil in the industry, has prompted many wirehouse guys to ponder their futures. At Merrill Lynch, most people assume it's open season. Brokers are no doubt fielding calls from h

Thomson Reuters integration

The combined giant is bent on a savvy integration of systems and services, but it must be done in the face of turmoil on the part of its customers. More financial firms are cutting back on

Top bank CEOs face big challenges

Forbes weighs in with an interesting piece about the short-term challenges facing the CEOs of top banks. In many cases, they all are wearing the same shoes. They must reduce costs, shore up capital, rationalize staff levels, and such. But at a slightly deeper level they have individual burdens to

Should Bank of America walk away from Countrywide?

MarketWatch  notes that Countrywide is a bad position. Basically, its debts exceed its assets. Negative equity, of course, doesn't exactly speak well for the mortgage giant's future. Of immediate concern is the deal that  Bank of America  has struck. As Countrywide's loan problems mount a

More hedge funds shutting down redemptions

Business Week Online notes an ominous sign: more hedge funds  shutting down redemptions. You can sense that the temperature is rising on behalf of investors. The list of funds that have blocked access to funds includes GPS Partners, Pursuit Capital Partners and Alcentra European Credit. Not