Tag:
wave
Latest Headlines
Latest Headlines
Another round of news coming for top banks?
The latest round of write-off announcements is especially disconcerting because there is no end yet in sight. There could be more to come--of indeterminate size. Let's face it, the pain felt at the homeowner level has not yet crested. No one would be surprised by another wave of foreclosures. In f
The next credit debacle?
Hang on. Think the worst of the credit crunch is behind us? There could be another asset about to be hit. According to Fortune , the credit card industry is showing signs of stress. Banks are warning about possible turbulence ahead and boosting their reserves against losses. If we were to see a
Chinese bank to invest in U.S. bank
We've heard a lot about the likes of Citigroup and Bank of America establishing beachheads in the China market. Turns out that China is establishing a beachhead in the U.S. According to the Financial Times, China Minsheng Banking is set to become the first mainland bank to invest in a U.S. ba
More changes to come at ratings agencies?
There has been lots of criticism of credit ratings agencies, and there surely will be more. Regulators on both sides of the pond are taking close looks, and at least one state attorney general is taking action . Many expect a wave of suits, which may or may not materialize. Some think such sui
Perspective: Financial alchemy at its best and worst
At the heart of this credit mess we're slogging through is the art of securitization. For the most part, this art has been well practiced, creating all sorts of ways for risk to be offloaded and thus for liquidity to be expanded. Many people benefited. But at some point, it can easily become some
Does the M&A boom have legs still?
Despite some reasons to worry, at least one analyst, Robert Buckland of Citigroup, thinks that the merger boom will continue to boom for a while. He compares
Private-equity-backed IPO glut in the making?
The New York Times notes that the IPO market , which has been relatively muted for the past
How much smoothing is going on with hedge funds?
Financial News Online raised an interesting point when it reported that, by one measure, about 30 percent of hedge funds engage in some form of smoothing that can reduce their volatility.
Goldman Sachs era continues
Now this is stunning. In this historic wave of deals, powerful Goldman Sachs has worked on nearly half of
A legal warning shot for prime brokers
Shareholder suits are nothing new to prime brokers. But a recent decision involving Bear Stearns has made some take note. Bear Stearns was dealt a huge blow in bankruptcy court in the case of
