FierceFinance is the financial services daily monitor, with news covering the banking industry, asset management, capital markets and SEC regulations. Join
45,000+ bankers and fund managers who get FierceFinance via email for a quick daily briefing from an insider perspective. Sign up today!
Analyst Richard Bove has reiterated his sell recommendation on Goldman Sachs and cut his earnings estimates. For the year ending November 30, he now predicts $14.16 per... Read more...
At a time when banks need huge capital injections, there's always a renewed focus on costs and efficiencies. You might have thought that such an environment would be ideal for some strategic mergers,... Read more...
Not surprising here: Worldwide volume of mergers has fallen to a four-year low. There are a few bright spots: commodities and emerging markets for example. Hopefully, we'll see more strategic deals.... Read more...
We're sort of accustomed to bad news about Citigroup. Shareholders are perpetually on edge. The inner politics of the place too often spill into public view, often to really embarrassing effect.... Read more...