Investment Banks

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Not So Fast: Democrats Say Bailout Will Pass, But With A Few Changes

Posted 10.23.2008 | Business

Read More: Chris Dodd, Nancy Pelosi, Bailouts, Morgan Stanley, Goldman Sachs, Investment Banks, Federal Reserve, Banks, Economy, Finance, Personal Finance, Christopher Dodd, Business News

WASHINGTON — Sen. Christopher Dodd says it's just as important to act responsibly as it is to move hastily on legislation aimed at stabilizing t...

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Why I Won't Shed Tears For Wall Street

Robert Reed | Posted 10.20.2008 | Business

Read More: Economy, Leveraged Buyouts, Investment Banks, Goldman Sachs, Morgan Stanley, 401k Drop, Wall Street Crisis, Wall Street Regulation, Wall Street, Lehman Brothers, Wall Street Collapse, Greedy Companies, Larry Kudlow, Bear Stearns, Wall Street Protectors, Business News

How many companies have been damaged in the name of maximizing shareholder value? How many unnecessary mergers, spin-offs and other dumb deals were spawned just to give the stock a jolt? How many jobs and benefits were cut because Wall Street said that was an easy path to operating "efficiencies" and greater short-term returns?

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Greed in the Economy: It's the Morality, Sinner

Jim Wallis | Posted 10.19.2008 | Business

Read More: Bear Stearns, Greed, Materialism, Investment Banks, Mortgage Backed Securities, Lehman Brothers, Fannie Mae, Business, Adjustable Rate Mortgages, Merrill Lynch, Aig, Freddie Mac, Wall Street, Subprime Lenders, Subprime Mortgage Crisis, Bible, Consumer Ethics, Sin, Housing, Ethics, Fannie Mae and Freddie Mac, James Carville, Capitalism, Economy, Religion, Lea, Business News

Our financial collapse is the fiscal consequence of the economic philosophy that markets are always good and government is always bad. But it is also the moral consequence of greed.

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Merrill Lynch Might Signal Much Bleaker Future: Rumor

Dealbreaker | John Carney | Posted 09.19.2008 | Business

Read More: Investment Banks, Merrill Lynch Hiring Freeze, Merrill Lynch, Economy, Recession, Business News

Is Merrill's hiring freeze just the tip of the iceberg? That's the claim of a Merrill Lynch banker who has written to Here Is The City, a financial n...

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Large Bank Collapse Projected In US By Former IMF Chief

Reuters | Posted 09.19.2008 | Business

Read More: Next Bank Collapse, Depression, Bank Collapse, Investment Banks, International Monetary Fund, Kenneth Rogoff, Bank Run, Imf, Banking Crisis, IMF Chief, Recession, Business News

SINGAPORE (Reuters) - The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world's b...

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Fallout From the Housing Crisis

Jim Randel | Posted 09.14.2008 | Business

Read More: Securitization, United States Financial System, Edward E. Yardeni, Student Loans, Investment Banks, Lenders, Commercial Mortgages, Business News

The US financial system sold the world's investors mortgage securities that were founded on faulty assumptions that a) U.S. homeowners will never default, and b) that U.S. housing prices always go up.

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First Mortgages, Next Pensions? Wall Street Wants Your Future

BusinessWeek | Matthew Goldstein | Posted 09.06.2008 | Business

Read More: Treasury Department, Investment Banks, Pensions, Pension Benefit Guaranty Corp., Wall Street, Selling Pension Plans, Pension Plan Investment, Mortgage Crisis, Business News

The folks who brought you the mortgage mess and the ensuing hedge fund blowups, busted buyouts, and credit market gridlock have another bold idea: buy...

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Goodbye, Gramm -- Samson, Not Pillar

John Tepper Marlin | Posted 07.26.2008 | Business

Read More: Stephen Moore, Bear Stearns, Phil Gramm, John McCain, J.P.Morgan, Investment Banks, Mccain Phil Gramm, Regulation, Glass-Steagall, Business News

Phil Gramm designed the 1999 takedown of the Glass-Steagall Pillar. It's just too bad, if you support Obama, to see such a juicy target removed.

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Freddie and Fannie: Republican victims

Diane Francis | Posted 07.23.2008 | Business

Read More: Mortgage Lending Sector, George Bush, Sub-Prime, Housing, Investment Banks, U.S. Treasury, Fannie Mae, Eliot Spitzer, Real Estate Sector, Fraud, Mortgages, Fannie Mae Bailout, Freddie Mac, Bear Stearns Bailout, Wall Street, Economy, Rrepublicans, Business News

The announcement on Sunday that the Fed and U.S. Treasury will backstop these two financial intermediaries is an entirely predictable, latter-day outcome as a result of cowboy capitalism.

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A Young Entrepreneur on Bank Failures and Small Business

Scott Sinclair | Posted 07.22.2008 | Business

Read More: Investment Banks, U.S. Economy, Job Market, Small Business, The Balanced Life, Job Cuts, Economy, Banking, Financial Crisis, Federal Reserve, Commuting, Business News

In the wake of the failure of Bear Stearns, with layoffs at all the major financial institutions and the threat of more bank failures, it's entrepreneurs and small business owners who are investing in the American dream.

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Hedge Funds Poach Talent From Weakened Investment Banks Like Bear Stearns

DealBook | Posted 07.16.2008 | Business

Read More: Investment Banks, Merrill Lynch, JPMorgan Chase, Goldman Sachs, GLG Partners, Economy, CQS, Bear Stearns, Bear Stearns Collapse, Citadel, Tudor Investment, Business News

Hedge funds are on a hiring binge, taking advantage of cutbacks at investment banks. Star traders, senior executives and whole teams have been recruit...

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Perp Walk

Jeff Danziger | Posted 06.28.2008 | Business

Read More: Investment Banks, Subprime Mortgages, Perp Walk, Bear Stearns Arrest, Cartoons, Political Cartoon, Cartoon, Political Cartoons, Business News

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Bank Demand For Federal Reserve Liquidity Support Falls

Financial Times | Krishna Guha | Posted 04.18.2008 | Business

Read More: Fed Loan Demand Falls, Investment Banks, Fed Direct Borrowing Falls, Liquidity Support, Federal Reserve, Business News

Demand for Federal Reserve liquidity support from investment banks and other primary dealers has fallen in recent days, the US central bank revealed o...

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Morgan Stanley's Mack Sees End of Crisis

AP | JOE BEL BRUNO | Posted 04.16.2008 | Business

Read More: Investment Banks, Morgan Stanley Mack, Credit Crisis, Recession, John Mack, Morgan Stanley, Wall Street, Business News

PURCHASE, N.Y. — Morgan Stanley Chief Executive John Mack said Tuesday that Wall Street is facing the most difficult conditions that he has seen...

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Bear Stearns Rescue Backed Amid Concerns

AP | MARTIN CRUTSINGER | Posted 03.26.2009 | Business

Read More: Investment Banks, Fire Sale, Federal Bailout, JP Morgan, Central Bank, Federal Reserve, Ben Bernanke, Bear Stearns, Bailout Outrage, Business News

WASHINGTON — Federal Reserve Chairman Ben Bernanke and the Bush administration on Thursday defended the decision to rescue Bear Stearns amid que...

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Goldman Employees Denied Free Water, Soda

New York Post | ZACHERY KOUWE | Posted 04.11.2008 | Business

Read More: Investment Banks, Free Soda, Goldman Sachs, Wall Street, Bottled Water, Business News

Things must be really tough when Wall Street's most profitable investment bank starts cutting perks. Thirsty traders at Goldman Sachs now have to spr...

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Fierce Regulation Debate Expected

AP | MARTIN CRUTSINGER | Posted 04.07.2008 | Business

Read More: Finance Overhaul, Investment Banks, Credit Crisis, Hank Paulson, Government Regulation, Recession, Henry Paulson, Financial System, Bear Stearns, Ben Bernanke, Investment Houses, Great Depression, Business News

WASHINGTON — In proposing the broadest overhaul of financial oversight since the Great Depression, the Bush administration has kicked off a fier...

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Lehman Alleges Japan Investment Fraud

AP | MARI YAMAGUCHI | Posted 04.07.2008 | Business

Read More: Investment Banks, Bankruptcy, Financial Frauds, LTT Bio-Pharma, Lehman Brothers, Lehman Brothers Fraud, Business News

TOKYO — Lehman Brothers is accusing a Japanese trading company of perpetrating a massive fraud and plans to sue it for hundreds of millions of d...

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Fed Offers $100 Billion More to Banks

AP | MARTIN CRUTSINGER | Posted 04.05.2008 | Business

Read More: Investment Banks, Federal Reserve, Ben Bernanke, Government Auctions, Central Bank, Business News

WASHINGTON — The Federal Reserve announced Friday it will auction an additional $100 billion in April to cash-strapped banks as it continues to ...

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Washington Revisits Big Bank Regulation

Washington Independnent | Mike Lillis | Posted 04.05.2008 | Business

Read More: Investment Banks, Recession, Congress, Regulations, Investment Firms, Economy, U.S. Chamber of Commerce, Barney Frank, Business News

Last week, as Wall Street was flailing over the collapse of one of its largest investment banks, Rep. Barney Frank (D-Mass.) took a podium and told me...

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More Government Bailouts May Be on Way

AP | TOM RAUM | Posted 04.04.2008 | Business

Read More: Layoffs, Bear Stears, Investment Banks, U.S. Economy, JP Morgan, Bear Stearns Bailout, Factory Workers, Governments, Bailout, Economy, Business News

WASHINGTON — The economy is listing. So it must be time to bail. While there is little enthusiasm for government bailouts in general, voters ar...

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Paulson Says New Financial Rules Needed

AP | JEANNINE AVERSA | Posted 04.03.2008 | Business

Read More: Investment Banks, U.S. Economy, Hank Paulson, Wall Street, Bush Administration, Recession, Henry Paulson, Bear Stearns, Chamber of Commerce, Commercial Banks, Business News

WASHINGTON — If big Wall Street investment houses are allowed to run to the Federal Reserve for emergency lending, they must face stepped-up reg...

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Bear Stearns Staff Face Reality Of Buyout

Reuters | Chris Reiter | Posted 04.02.2008 | Business

Read More: Jpmorgan, Bear Stearns Shares, Bear Stearns Staffer, Wall Street, Investment Banks, Personal Wealth, Bear Stearns Layoffs, Bear Stearns Jobs, Federal Reserve, Main Street, Bear Stearns, Ben Bernanke, Bear Stearns Employees, Bear Stearns Shareholders, Bear Stears Bailout, Bear Stears Collapse, Business News

Employees at Bear Stearns Cos were hardly celebrating the day after JPMorgan Chase & Co raised its bid for Bear five-fold. Instead, resignation, bitt...

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