Banking Industry news from FierceFinance
News
An interesting look at the home equity loan bubble
The New York Times offers a snap history of home equity loans, which used to be known as second mortgages, via the many memorable ads the banking industry churned out. Citigroup's "Live Richly" Read more...
Where will all those bankers land?
Investment banking job paring at Citigroup and Goldman Sachs made headlines this week. Other banks are following suit. Which begs a question: Read more...
What's up with Wachovia?
First a CEO, now loan portfolios? After Wachovia ousted Ken Thompson, it reportedly hired 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...
Just how unique is Goldman Sachs?
Breakingviews.com strikes a note that we've hit on recently: Goldman Sachs has separated itself from its peers. While Goldman has remained extremely competitive, a lot of good companies are stumbling Read more...
Regional banks sharing the misery
Most of the headlines have focused on the global banks, the likes of Bear Stearns and Lehman Brothers. But regional banks and near-regional banks are suffering as well. The mortgage situation at Read more...
Goldman Sachs, Morgan Stanley earnings coming up
Goldman Sachs and Morgan Stanley will report earnings next week, and there have been some rumors that Goldman Sachs would report a Read more...
Private equity, banks still heading to the altar?
Private equity firms would love to gain leverage at top-tier Wall Street banks. But investing in financial services firms is a tricky business. The biggest Read more...
Wall Street's need for a new gravy train
Consultant Larry Tabb is among the most astute observers of Wall Street, especially at that critical nexus where trading meets technology. In a recent commentary, he notes that fixed-income for the Read more...
Hedging risk a big earnings issue?
Hedging is a risky business. The bottom line is that it's really hard. We've said it before; there is fine line between hedging and speculating. I'm not sure anyone can lay out the full range of Read more...