According to Bloomberg "Goldman Sachs Group Inc.’s (GS) Global Alpha hedge fund may lose about $6 billion in assets this year, a 60 percent decline, because of trades that went awry and client withdrawals,…
Citigroup (C) may look outside the US for its next CEO. According to The Telegraph, Royal Bank of Scotland CEO, Sir Fred Goodwin, "is understood to have been informally approached by Citigroup about taking…
The head of TD Ameritrade (AMTD) today indicated that his firm might have an interest in buying troubled discount broker E*Trade. AMTD might get quite a deal "We like their retail business but we…
The FT is reporting that Merrill Lynch (MER) and Citigroup (C) are looking at partial IPOs of the retail brokerage units. According to the newspaper "brokerage businesses trade on much higher earnings multiples than…
TheStreet.com, Inc. (NASDAQ: TSCM) has announced that Technology Crossover Ventures has agreed to purchase a minority stake in TheStreet.com for some $55 million. The investment is to support the Company’s accelerated expansion strategy. The…
Bloomberg writes: "The net asset value of structured investment vehicles, companies that borrow short term to buy higher yielding securities, has fallen to 69.7 percent as the credit slump erodes their holdings, Fitch Ratings…
We have already noted the Van der Moolen (NYSE:VDM) exit of all NYSE Specialist activities and we’ve already covered some of the other key stocks where Van der Moolen acts as a Specialist in…
We have already noted the Van der Moolen (NYSE:VDM) exit of all NYSE Specialist activities. What we wanted to look at is the underling stocks companies where Van der Moolen acts as a specialist…
Van der Moolen (NYSE:VDM) posted another loss today, but we don’t even care about the results after looking at the real news. Van der Moolen is terminating its operation as a U.S. specialist on…
It would be nice to think that John Thain, wonder boy from Goldman Sachs (GS) and NYSE (NYX) can do a lot over the next couple of months to "fix" Merrill Lynch (MER). But,…
According to MarketWatch Standard & Poor’s lowered the credit rating on Bear Stearns (BSC) to A from A+, and said the outlook is negative. "The rating action follows Bear Stearns’ announcement that it would…
The New York Post has reported that NYSE (NYSE:NYX) CEO John Thain will be made the new head of Merrill Lynch (NYSE:MER). The announcement is expeted after the close. This also follows reports from…
Shares of United Rentals, Inc. (NYSE:URI) are being crushed with a 25% hit today. The company announced early this morning an "Extension of Expiration Date for Current Tender Offers and Consent Solicitations" for its…
Och-Ziff Capital Management Group LLC (NYSE:OZM) is set to see its IPO trade Wednesday. The giant hedge fund operator priced 36,000,000 Class-A shares at $32.00 per share, for proceeds of about $1.15 billion. The…
Big bank HSBC (HBC) will take a $3.4 billion charge "I think the thing that’s emerged in the third quarter is that the housing market deterioration is beginning to have a broader impact, both…