Industry news

ALSO NOTED: Goldman Sach's first foray in SPACs; BCE stock in freefall as deal woes continue; and much more...

Fri, 23 May 2008 06:59:50 -0400

Company News:
> Eaton Vance shares get a pop. Article
> BCE stock in freefall as deal woes continue. Article
> First Marblehead upgraded. Article
> Goldman Sachs' first foray in SPACs. Article
> Financial Risk Management expands in Asia. Article
> Hedge fund heavyweights fight over Citi. Article
> Management blamed in Kervial affair. Article

Industry News:
> Hedge fund manager of football players' fund convicted. Article

Regulatory News:
> Rep. Laura Richardson faces personal mortgage crisis. Article

And Finally... How not to leave a company. Article

ALSO NOTED: Citi's hedge fund woes pose issues for its brokers; Lehman creates restructuring and finance group; and much more..

Thu, 22 May 2008 06:59:50 -0400

Company News:
> Lehman creates restructuring and finance group. Article
> Eaton Vance profits in line with expectations. Article
> Ladenburg Thalman pares Lehman estimates. Article
> E*Trade doubles authorized shares. Article
> Citi's hedge fund woes pose issues for its brokers. Article
> E*Trade to close financial call center. Article
> Bank of America moving unit to Boston. Article
> Wachovia Securities expands service offering. Article

Industry News:
> Hedges can be trouble for i-banks. Article
> Activist shareholder wins seat on board. Article

Regulatory News:
> CT regulator raps BONY Mellon for data breach. Article

And Finally... How to deal with a crazy boss. Article

ALSO NOTED: Lehman trims estimates for Goldman Sachs, Morgan Stanley; Bank of America sells $2.7 billion in securities; and muc

Wed, 21 May 2008 06:59:50 -0400

Company News:
> Bear Stearns memorabilia goes on sale internally. Article
> Sovereign closes $1.9 billion in stock and bonds. Article
> Lehman trims estimates for Goldman Sachs, Morgan Stanley. Article
> Bank of America spends more than $1 million lobbying in the first quarter. Article > JPMorgan Chase keeping half of Bear Stearns jobs. Article
> Wachovia inks deal with TheMarkets.com. Article
> Bank of America sells $2.7 billion in securities. Article
> Fifth Third hit by hedge funds woes. Article

Industry News:
> Junk bonds rallying. Article
> Hedge funds take on CSX. Article
> Oil settles just shy of $130 a barrel. Article
> Fannie Mae CEO still bearish on home market. Article

And Finally... Court ruling: Paper money discriminates against the blind. Article

ALSO NOTED: Citi analyst lowers estimates on banks again; BCE stock drops amid deal worries; and much more...

Tue, 20 May 2008 06:59:50 -0400

Company News:
> BCE stock drops amid deal worries. Article
> Thomson-Reuters cuts jobs. Article
> American Capital Strategies invests in commercial lender. Article
> Citi analyst lowers estimates on banks again. Article
> Citi analyst upgrades National City. Article
> Analyst: Wells Fargo may boost reserves. Article

Industry News:
> More customers worry about funding long retirements. Article
> PE firms to move to back of creditor line in big case? Article
> Analyst upgrades apartment REIT sector. Article

And Finally... 300-pound inmate sues jail over food. Article

ALSO NOTED: Another deal in trouble: Bell Canada; Blackstone reaps investment funds as performance tumbles; and much more...

Mon, 19 May 2008 06:59:50 -0400

Company News:
> Blackstone reaps investment funds as performance tumbles. Article
> Citigroup to sell German retail bank. Article
> E*Trade outlook bright? Article
> Lehman to cut jobs this week. Article
> WaMu cuts home equity credit to customers. Article
> PNC a symbol of regional troubles? Article

Industry News:
> Another deal in trouble: Bell Canada. Article
> New Fed securities-swap facilities stoke controversy. Article

And Finally... People trading down to cheap beer. Article

ALSO NOTED: Merrill Lynch changes stock rating system; Merrill Lynch, Citigroup execs look to former colleagues for talent; and

Thu, 15 May 2008 06:59:50 -0400

Company News:
> Freddie beats expectations. Article
> More on the Clear Channel agreement. Article
> ING reports big drop in earnings. Article
> Merrill Lynch changes stock rating system. Video
> Len Dykstra is bullish on Morgan Stanley. Article
> Merrill Lynch, Citigroup look to former employers for talent. Article
> RBC announces writedowns. Article

Industry News:
> Foreclosures surge in April. Article
> Investors want banks to take back mortgages. Article
> Mortgage weakness takes a regional flavor. Article

Regulatory News:
> More on ex-UBS banker indictment. Article
> Three ex-SEC chiefs endorse Obama. Article

And Finally... You know you're about to get canned when ... Article

ALSO NOTED: Blackstone adds to Asian hedge fund lineup; Wachovia to review controls; and much more...

Wed, 14 May 2008 06:59:50 -0400

Company News:
> Former Bank of America exec extradited. Article
> JPMorgan to cut 4,000 jobs. Article
> Did Swiss bank fund terrorists? Article
> Bank of America's 'Keep the Change' program hits milestone. Article
> Wachovia to review controls. Article
> Assets rise at Calamos. Article
> Blackstone adds to Asian hedge fund lineup. Article

Industry News:
> S&P changes rating method for speculative debt. Article
> Clear Channel deals are a go. Article

Regulatory News:
> SEC may charge JPMorgan over municipal securities. Article

And Finally... Man forced to endure flight in bathroom. Article

ALSO NOTED: UBS slashes equity sales jobs; E*Trade to quite mortgage origination business; and much more...

Mon, 12 May 2008 06:59:50 -0400

Company News:
> E*Trade to quit mortgage origination business. Article
> UBS slashes equity sales jobs. Article
> Wachovia separates chairman, CEO jobs. Article

Industry News:
> Energy funds among hedge fund winners. Article
> How much are banks paying to borrow? Article
> Rohatyn recalls bailout of NYC. Article

Regulatory News:
> SEC settles charges against short seller. Article

And Finally... Losing homes and everything in storage. Article

ALSO NOTED: More on Merrill Lynch's level 3 assets; JPMorgan to build energy business with Bear assets; and much more...

Fri, 09 May 2008 06:59:50 -0400

Company News:
> More on Merrill's level 3 assets. Article
> JPMorgan to build energy business with Bear assets. Article
> Why Fannie rallied. Article
> Nasdaq earnings soar thanks to OMX buyout. Article
> Vote on Bear Stearns sale nearing. Article
> Credit Suisse analyst upgrades Wachovia. Article
> AIG Posts huge loss, will raise capital. Article

Industry News:
> Abu Dhabi bank invests in Malaysian lender. Article

And Finally... Mother's Day in touch economic times. Article

ALSO NOTED: Bankers moving from denial to depression?; Hedge funds rebound in April; and much more...

Thu, 08 May 2008 06:59:50 -0400

Company News:
> Allied Capital posts big loss. Article
> Legg Mason prices equity units. Article
> MBIA says its capital is adequate. Article
> BlackRock CEO gives $10 million to college. Article
> Bear Stearns stockholders withdraw injunction request in JPMorgan suit. Article
> Lehman upgrades MF Global. Article

Industry News:
> Icahn raises stake in Motorola to 7.6 percent. Article
> Hedge funds rebound in April. Article
> Monet painting sold for $41 million. Article
> Bankers moving from denial to depression? Article

Regulatory News:
> Congress looks at SEC oversight of Wall Street. Article
> SEC calls for more oversight. Article

And Finally... How airline mergers will affect your travel. Article