There’s plenty of blame to go around for the ongoing financial crisis, from Alan Greenspan to Wall Street CEOs to regulators. But let’s stop for a moment and give some positive feedback where it’s due: Treasury Secretary Hank Paulson. …
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Posted on September 17th, 2008 by
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The combination of Bank of America and Merrill Lynch looks to create a powerhouse in the all-important investment banking league tables, topping current front-runner JP Morgan with, for example, 141 deals to JP Morgan’s 125, in global equity underwriting.
Together, they make the top underwriter for global debt, equity and equity-related transactions since the start of […]
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Updated from 10:21 a.m. EDT After saying this weekend it would not rescue AIG, the Federal government reversed course Tuesday evening and declared the insurance giant too big to fail.
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The Wall Street investment banking model is being tested. No, it’s broken. No, it’s been broken for a while and the bailout of Bear Stearns and the demise of Lehman show that it’s on the mend…
Views are coming in from across the spectrum as financial world commentators join the markets and try to piece together […]
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This month has brought a series of cataclysmic events involving Wall Street firms: the nationalization of Fannie and Freddie, the bankruptcy of Lehman Brothers, Merrill Lynch’s sale to Bank of America and, now, the Fed’s
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The timing could have been better for the luxury car show at the World Financial Center in New York, home to Merrill Lynch & Co.
The Motorexpo opened on Monday — the morning after Merrill employees were shocked to hear their company was being bought by Bank of America, marking the end of the storied name in American finance.
Nikki […]
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Updated from 6:44 p.m. EDT The Federal Reserve left rates unchanged at its policy meeting Tuesday, but don’t confuse that with a lack of action on its part. The Fed has taken extraordinary actions in recent day t
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Lehman Brothers employees carried out boxes of their possessions on Sunday night in New York as bankruptcy became inevitable. View the rough cut video from Reuters.
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