Merrill Lynch (NYSE: MER) raised some $6.2 Billion today, or at least up to that amount, and that is not inclusive of the unit sale to General Electric (NYSE:GE). The breakdown is for up…
Hedge find manager Och-Ziff Capital Management Group LLC (NYSE:OZM) has had an interesting post-IPO trading. It priced at $32.00, but units in the hedge fund manager have traded as far down as under $22.00…
General Electric (NYSE: GE) is acquiring most of Merrill Lynch Capital, which is the unit of Merrill Lynch (NYSE: MER) wholly-owned middle-market commercial finance business. Unfortunately the financial terms are not disclosed. This will…
The mortgage-backed financial instruments that have gone such a long way to hurt brokerages like Merrill Lynch (MER) and banks like Citigourp (C) may be just the start of a wave of writes-offs.The next…
The SIV "Super Fund" created by the Treasury Department, Citigroup (C), Bank of America (BAC), and JP Morgan (JPM) is dead. Once Citi took its own SIVs onto the banks balance sheet, much of…
E*TRADE (NASDAQ: ETFC) has announced an ‘aggressive customer win-back campaign’ as one component of its ‘comprehensive’ turnaround plan. Since this is a preview, that comprehensive plan is more of a promise for a comprehensive…
Now that news has gotten around that Singapore’s Temasek may put $5 billion into Merrill Lynch to offset fourth quarter write-downs, the cycle of sovereign funds investing in US financial companies seems almost routine.…
Citigroup (C) is back to it new lows, trading down to $29.52. Citi could have been driven down by the losses at Bear Stearns (BSC). It could be that Fitch cut its outlook on…
Whether or not the markets comply going into year-end is a completely different issue. But these brokerage stocks look like they are trying to find a bottom as they throw out all that they…
Barclays (BCS) has sued Bear Stearns (BSC) over the failure of two of the US companies hedge funds. In particular, the bank says that BSC dumped $500 million of risky investments into one of…
Morgan Stanley (MS) posted a fourth-quarter loss after recording bigger-than-expected write-downs on assets hit by the credit crunch, and said it sold a $5 billion stake to China Investment Corp to boost capital. The…
The management at Bear Stearns (BSC) did not do much for its shareholders this year, and customers in some of its hedge funds lost their shirts. Word from CNBC is that the board of…
TD Ameritrade (NASDAQ:AMTD) has issued favorable metrics and upside guidance: As of November 30, 2007, client assets totaled approximately $301 billion. Also, average investable assets amounted to $30.9 billion and average fee-based investment balances…
Goldman Sachs (NYSE: GS) has managed to post $7.01 EPS in its fourth quarter report. First Call had estimates of $6.61 EPS and we had a whisper number somewhere in the $7.00 neighborhood. Annualized…
Goldman Sachs (GS) has raised $10 billion to start a new hedge fund. According to Bloomberg: "Goldman Sachs Investment Partners, set to open Jan. 1, is being run by traders who previously worked on…