Skip to: Content
Skip to: Site Navigation
Skip to: Search
THURSDAY, NOVEMBER 26, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: investment banks

investment banks stories: 63 news summaries

21 - 40 of 63 Stories | << Prev 1 2 3 4 Next >>

Switch to grid view »

OPINION

 We Don't Really Need a Bailout 

With investment banks dead, the point of this is ... what, exactly?

Sep 25, 08 1:22 PM CDT
(Newser) - Now that all the big investment firms are no more, why exactly do we need a bailout? Paulson’s plan involves buying assets that are illiquid, but not worthless. “But regular banks hold assets like that all the time,” writes James Galbraith in the Washington Post.... More »

MORE ABOUT:
Henry Paulson • Treasury Department • FDIC • bailout • investment banks • financial crisis

OPINION

 New Wall Street: Less Risk, Less Innovation, Lower Pay

Era of investment banks ends

Sep 23, 08 1:49 PM CDT
(Newser) - When Goldman Sachs and Morgan Stanley ditched the investment banking model, it didn’t just mark the end of an era, it marked the end of Wall Street as we know it, the Wall Street Journal declares in an editorial today. And with investment banks gone, the US financial... More »

MORE ABOUT:
Wall Street • Bank of America • Goldman Sachs • Morgan Stanley • Bear Stearns • Merrill Lynch • Lehman Brothers • investment banks

Hedge Funds Poised to Profit as Banks Shun Risk

Private equity eyes trading territory ceded by changes at Goldman, Morgan Stanley

Sep 23, 08 1:05 PM CDT
(Newser) - With the last two large US investment banks going commercial in an effort to stay afloat, private-equity and hedge funds are stepping into the void, the Wall Street Journal reports. Taking on roles previously filled by the likes of Goldman Sachs and Morgan Stanley, hedge funds like Citadel and private-equity... More »

MORE ABOUT:
Blackstone Group • Goldman Sachs • Merrill Lynch • Lehman Brothers • Citadel Investment Group • market turmoil • investment banks • hedge funds

As US Firms Stumble, Japanese Banks Step Up

Failing only a few years ago, Japanese institutions rescuing US system

Sep 23, 08 11:27 AM CDT
(Newser) - Japan's big banks, themselves near collapse a few years ago, are reemerging as global powerhouses, Reuters reports, just in time to snap up stakes in foundering US banks.They've largely escaped Wall Street's credit meltdown by shying away from riskier investments since their own "near death," when they... More »

MORE ABOUT:
Goldman Sachs • Morgan Stanley • Lehman Brothers • investment banks • Sumitomo Mitsui • Nomura Holdings • Mitsubishi UFJ Financial Group

(Newser) - Goldman Sachs and Morgan Stanley, the nation's last two major independent investment banks, have gotten permission to become bank holding companies, the Federal Reserve said tonight. A fundamental rearrangement of Wall Street, the move will allow them to create commercial banks, which would bolster their resources, while inviting increased regulation.... More »

MORE ABOUT:
Goldman Sachs • Morgan Stanley • Bear Stearns • Merrill Lynch • Lehman Brothers • investment banks • JPMorgan Chase • financial crisis

OPINION

 Wall St. Ads Must Stop Lying 

Time for banks to level with customers

Sep 20, 08 7:11 PM CDT
(Newser) - You may see some ironic ads by flicking on CNBC. Financial companies have spent decades advertising their stability and trustworthiness, but these days such claims seem ridiculous, writes Paul Farhi of the Washington Post. As recently as Monday, AIG was running ads with the slogan “The Strength... More »

MORE ABOUT:
Wall Street • advertising • investment banks • financial crisis

Treasury Taps $50B to Insure Money Market Funds

As investor confidence dims, a backing from the government

Sep 19, 08 8:14 AM CDT
(Newser) - The US Treasury moved today to temporarily insure investors against losses on money-market funds, Bloomberg reports. As much as $50 billion from the government’s Exchange Stabilization Fund will be used to back for a year funds that pay to participate in the program. Money-market funds, in which investors normally... More »

MORE ABOUT:
investors • Lehman Brothers • Treasury Department • market turmoil • investment banks

Morgan Stanley Likely Shopping for a Merger

No. 2 investment bank looks to avoid Lehman's mistakes

Sep 17, 08 7:25 AM CDT
(Newser) - Morgan Stanley is rumored to be considering whether to merge with a deposit-taking bank, reports CNBC, in the wake of Lehman's collapse after repeatedly shunning buyout offers. And while the company hasn’t yet found a partner, insiders say that its sliding stock price makes survival unlikely without a well-capitalized... More »

MORE ABOUT:
merger • Morgan Stanley • AIG • bailout • investment banks

ANALYSIS

 Denial Exacerbated Meltdown 

Banks, like homeowners, refused to believe how bad things really are

Sep 16, 08 1:04 PM CDT
(Newser) - The collapse of Lehman Brothers and the fire sale of Merrill Lynch are stunning developments, Joe Nocera writes in the New York Times, as is the fact Goldman Sachs and Morgan Stanley are the only big investment banks standing. But the turmoil isn’t simply the result of complex trading... More »

MORE ABOUT:
Goldman Sachs • Morgan Stanley • Merrill Lynch • Lehman Brothers • mortgage debt • banking • subprime crisis • investment banks

EARNINGS REPORTS

 Goldman Profit Drops 70%, 
 Still Beats Estimates

Revenue cut by half, but firm helped by less mortgage exposure

Sep 16, 08 8:37 AM CDT
(Newser) - Amid the financial industry's meltdown, survivor Goldman Sachs reported that third-quarter profit plunged by 70% —the sharpest decline in its history as a public company, but still enough to beat estimates of $1.71 per share. The bank dipped 7% in New York trading, Bloomberg reports, after reporting an... More »

MORE ABOUT:
Goldman Sachs • earnings reports • housing crisis • subprime crisis • investment banks • financial crisis

OPINION

Wall Street Rumbling Means Little on Main Street

Financial meltdown has small effect on 'real economy': Kaletsky

Sep 15, 08 9:29 AM CDT
(Newser) - Fannie and Freddie have been nationalized, Lehman has collapsed, Merrill Lynch has been bought out—an economic disaster, right? Not really, Anatole Kaletsky writes in the Times of London: The US economy is actually showing signs of improvement. More than ever, "there is no contradiction between expecting a recovery,... More »

MORE ABOUT:
Merrill Lynch • financial markets • Lehman Brothers • Freddie Mac • Fannie Mae • credit market • investment banks • real economy

 10 Banks Form 
 $70B Fund to 
 Stave Off Crash 

Paulson brokers twin public-private liquidity measures

Sep 15, 08 5:27 AM CDT
(Newser) - Ten of the world's largest banks have formed a massive liquidity fund to mitigate the effects of the Lehman Brothers meltdown, reports the Financial Times. All the investment banks will be able to borrow up to a third of the $70 billion fund in order to reduce volatility and stay... More »

MORE ABOUT:
Wall Street • Citigroup • Bank of America • Barclays • Goldman Sachs • Federal Reserve • Credit Suisse • Henry Paulson • Morgan Stanley • Deutsche Bank • UBS • Merrill Lynch • funds • Lehman Brothers • liquidity • investment banks • JPMorgan Chase

Tough Times Ground
Hedge Fund High-Fliers

Specialized investment industry dragged back to earth by shaky market

Sep 12, 08 12:41 PM CDT
(Newser) - The recent market turmoil has taken a good deal of the shine off of hedge funds, as managers are unable to reproduce their heretofore exemplary results in poor market conditions, the New York Times reports. The average hedge fund lost 4% this year, the worst overall results in the industry’... More »

MORE ABOUT:
finance • hedge fund • investment • credit market • endowment • pension funds • investment banks • hedge funds

 Lehman to Sell Off Assets; 
 Faces Record $3.9B Loss 

Company to dump commerical real estate holdings, slash dividens

Sep 10, 08 8:09 AM CDT
(Newser) - Facing a record third-quarter loss of $3.9 billion, beleaguered investment bank Lehman Brothers is planning a fire sale of assets to help shore up its sagging capital base, reports the Wall Street Journal. The company said it would spin off its commercial real estate holdings, and auction of... More »

MORE ABOUT:
Lehman Brothers • writedowns • investment banks • Korean Development Bank • Richard Fuld

South Korean Banks Offer
$5.3B for Stake in Lehman

Newspaper says Korea Development Bank plans a consortium to pay for the deal

Sep 3, 08 7:47 AM CDT
(Newser) - Korea Development Bank—which in August backed out of negotiations to acquire struggling Lehman Brothers—is back with bid for a 25% stake in the capital-starved bank for as much as $5.3 billion, reports the AP. The state-owned lender says it will form a consortium of South Korean banks... More »

MORE ABOUT:
acquisition • Lehman Brothers • buyout • investment banks • Korea Development Bank

Korean Bank Warned Off Lehman Bros. Buy

Firm may be too big a risk: official

Aug 25, 08 2:49 PM CDT
(Newser) - The Korea Development Bank was warned today of rushing into a bid for Lehman Brothers by South Korea’s top banking official, the Financial Times reports. A Lehman investment may constitute too much risk for a state-owned bank, Jun Kwang-woo warned after last week’s news that, though KDB’s... More »

MORE ABOUT:
South Korea • Lehman Brothers • credit crisis • subprime crisis • investment banks • Korea Development Bank

Secret Lehman Sale Talks Fail

South Korean, Chinese investors balk at hefty $5B price for half
of troubled bank

Aug 21, 08 9:48 AM CDT
(Newser) - Secret talks earlier this month to sell up to half of struggling US investment bank Lehman Brothers to South Korean or Chinese buyers fell apart after last-minutes squabbles over details, the Financial Times reports. The bank, which is expected to announce up to $4 billion in writedowns next month, was... More »

MORE ABOUT:
Lehman Brothers • credit crisis • Citic Securities Co. • writedowns • sovereign wealth funds • subprime crisis • investment banks • Korean Development Bank

Lehman Shops Key Unit
in Quest for Cash

The troubled Wall Street firm is taking offers for its strong fund management wing

Aug 19, 08 8:50 AM CDT
(Newser) - Lehman Brothers is shopping a piece of its investment management unit, the Wall Street Journal reports, joining other large banks in shedding strong-performing businesses to offset mortgage meltdown losses. Lehman’s management business, which includes Neuberger Berman and hosts 27 mutual funds managing $22 billion in individual and institutional wealth,... More »

MORE ABOUT:
Blackstone Group • Citigroup • Carlyle Group • Merrill Lynch • Lehman Brothers • mutual funds • subprime crisis • investment banks

(Newser) - An investment banker in Kiev predicted the Georgian conflict two days before it occurred, Reuters reports. "So whaddaya think?,” Geoff Smith wrote on Aug. 5 to a fellow strategist at Renaissance Capital. “I say Saakashvili is going to 'restore the territorial integrity of Georgia' five minutes before... More »

MORE ABOUT:
Russia • Georgia • war • investment bankers • Mikheil Saakashvili • investment banks • South Ossetia

Morgan Stanley, JPMorgan on Auction-Rate Probe Hot Seat

List of banks buying back bonds gets longer

Aug 12, 08 9:46 AM CDT
(Newser) - As New York AG Andrew Cuomo's office continues applying heat, banks are scrambling to react to the auction-rate securities crisis, the Wall Street Journal reports. Morgan Stanley said yesterday it will buy back about $4.5 billion of the illiquid securities—but a Cuomo spokesman called the move “too... More »

MORE ABOUT:
Wachovia • Morgan Stanley • Andrew Cuomo • auction-rate securities • investment banks • JPMorgan Chase

21 - 40 of 63 Stories | << Prev 1 2 3 4 Next >>


from our news partners