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October 6, 2008 8:41:38 PM CDT

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Stories related to: CDO

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4 Stories

  • August 2008

    • Merrill Panic May Mark Bottom of Stock Market

      New York Times  |  Aug 1, 08 10:30 AM CDT

      Merrill Panic May Mark Bottom of Stock Market

      (Newser) - Merrill Lynch CEO John Thain has seen better days, Floyd Norris writes in the New York Times . He's gone from “cockiness to capitulation. Distinction to desperation.” Thain recently unloaded a bundle of his company’s securities for 22 cents on the dollar and raised $8.5 billion from a stock sale. But this uncharacteristic fear could indicate that Wall Street has finally hit bottom. More »

  • July 2008

    • Lone Star Buys Big at Mortgage Fire Sale

      Wall Street Journal  |  Jul 30, 08 11:48 AM CDT

      Lone Star Buys Big at Mortgage Fire Sale

      (Newser) - Lone Star Fund is looking to profit from the castoffs of the credit meltdown, buying billions of marked-down assets and betting on just some of them to rebound, reports the Wall Street Journal . The Dallas-based private-equity firm run by John Grayken has closed a deal on $6.7 billion in Merrill Lynch mortgage backed assets once valued at $30.6 billion. More »

      Tags

      Merrill Lynch  • mortgage debt  • private equity firms  • CDO  • Lone Star

  • March 2008

    • Northern Rock: Post Mortem of a Spectacular Fall

      Bloomberg  |  Mar 20, 08 1:49 PM CDT

      Northern Rock: Post Mortem of a Spectacular Fall

      (Newser) - The collapse of Northern Rock, Britains third-largest lender, was "the messiest banking crisis in the Western world resulting from the global credit crunch,'' a UK lawmaker tells Bloomberg in a post mortem of the disaster. “They really screwed it up,” said one analyst of the bank’s hard-charging and ambitious management team. "They should have had other levers to pull." Unable to save itself or attract a buyer, the bank sarcastically called Northern Wreck was taken over by the government last month. More »

  • June 2007

    • SEC Opens Subprime Probe

      Wall Street Journal  |  Jun 27, 07 2:17 PM CDT

      SEC Opens Subprime Probe

      (Newser) - The feds are investigating the controversial bundles of financial services that have recently shaken the market and sparked a spate of leveraged buyouts, the Journal reports. SEC chief Christopher Cox told a congressional panel yesterday that "about 12 investigations" were under way into CDOs, shared debt packages reliant on faltering subprime mortgages. More »

      Tags

      subprime mortgages  • Bear Stearns  • SEC  • hedge fund  • finance  • investigation  • market  • Christopher Cox  • leveraged buyouts  • CDO

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