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Meredith Whitney, of Oppenheimer, is telling clients that broker-dealers' second-quarter earnings are under pressure, reports MarketWatch. One new twist comes from the credit defaults swap market.... Read more...
If you're an old pro on Wall Street, the current turmoil is not that new. Standard & Poor's notes some similarities between now and 1998. The subprime mortgage woes in some ways recall the Asian... Read more...
Some big broker dealers have really benefited from a recent rule change by the FASB. As noted by Breakingviews, the new rule requires companies to change the "fair market" value to... Read more...
Is Merrill Lynch on to something with BATS? Well, like Lehman Brothers and Credit Suisse, it has bought a minority stake in the well-regarded ECN. But not just any ECN. BATS, which stands for... Read more...
After two years of dazzling performance, the sluggish stock performance of the S&P investment banking and brokerage group is hardly surprising. But the question has to be asked: Will this last... Read more...