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Citigroup loses battle to buy Wachovia

October 9, 2008 — 9:01pm ET | By Jim Kim
In the end, Citigroup decided to give up on Wachovia entirely, even though there were signs that the Fed wanted to somehow divvy up the bank. The parties apparently could not agree on how to divide... Read more...

Star analyst touts three stocks

October 9, 2008 — 2:27pm ET | By Jim Kim
Some would argue that you'd be a fool to buy bank stocks these days, but then again Meredith Whitney is no fool and she recommends the preferred shares of JPMorgan Chase, Bank of America and Wells... Read more...

David Einhorn taking some hard lumps

October 6, 2008 — 11:33am ET | By Jim Kim
David Einhorn's stature soared when he laid a spectacularly winning short bet on Lehman Brothers--in full view of the world. But that glow has faded. Fortune notes that Einhorn's firm, Greenlight... Read more...

On tap: Pain for cities

September 30, 2008 — 5:41pm ET | By Jim Kim
In this credit crunch, corporations and consumers have gotten all the attention. But the credit crisis is also a really worrisome event for cities and municipalities. Consider Jefferson County, AL.... Read more...

Few hedge funds taking performance fees right now

September 28, 2008 — 9:07am ET | By Jim Kim
How hard has the credit crunch been on hedge funds? Financial News Online reports that just 10 percent of funds are taking performance fees right now. The rest are below the so-called high water... Read more...

Questions linger about the bailout; what about equity?

September 22, 2008 — 9:07pm ET | By Jim Kim
There are lots of questions about the massive government bailout plan. You can expect the opposition to crank up their efforts. One of the biggest issues--a potential deal breaker--boils down to what... Read more...

Credit rating agencies again lagging events?

September 16, 2008 — 10:08am ET | By Jim Kim
Credit rating agencies have been beaten up pretty thoroughly in the credit crunch. Many would say they have been discredited. If only they hadn't rated all those subprime-backed CDOs AAA! In the wake... Read more...

Bill Gross wins big on Fannie, Freddie

September 10, 2008 — 9:21pm ET | By Jim Kim
The credit crunch has been cruel to some fund managers, notably Bill Miller of Legg Mason, who kept on buying as financial stocks kept on tanking. On the other hand, Bill Gross of on-fire Pimco, went... Read more...

Goldman Sachs says to sell Merrill Lynch

September 5, 2008 — 1:45pm ET | By Jim Kim
Think Merrill Lynch has put the worst of the credit crunch behind it? Goldman Sachs analysts are not convinced. They are telling clients to sell. After a recent stock run that ended last week,... Read more...

Wall Street firms to axe more jobs this fall?

September 3, 2008 — 9:14am ET | By Jim Kim
Summer proved to be a cruel season on Wall Street. The bloodletting was fierce. But as Breakingviews notes, the picture could get even worse come fall. Historically, job cuts have been mild in the... Read more...
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