7027 Stories, most recent news story added Sat Nov 28, 12:29 am ET
Back two years ago when the mortgage meltdown was heating up, I wrote an article with Doris Burke called "Junk Mortgages Under the Microscope" dissecting a particularly wretched issue of mortgage-backed securities peddled by Goldman Sachs. We wanted to show how these complex securities really worked and how Moody's and Standard & Poor's, the rating agencies, aided and abetted the process by ...
The financial sector was lower Friday with the shares of U.S. banks roiled by Dubai's debt problems, although the group's direct exposure to the situation isn't believed to be significant.
NEW YORK -- Dubai's debt crisis rattled world financial markets Friday, raising concerns that some banks could further tighten lending and stall the global economic recovery. The possible spillover effects centered on fears that international banks could suffer big losses if Dubai's investment arm defaulted on its $60 billion debt.
Nov. 27 (Bloomberg) -- Kenneth Feinberg’s decision to slash executive pay at taxpayer-rescued companies was “sheer stupidity,” says Home Depot Inc. co-founder Kenneth Langone. Not so, says compensation analyst Paul Hodgson: If anything, Feinberg is a “pay kitten” soft on Wall Street.
Nov. 27 (Bloomberg) -- U.K. stocks rebounded from the worst slump in eight months as concern over a potential default from Dubai’s state-run companies eased.
Goldman Sachs fell $3.38 or 2.0 percent, to $165.54. Morgan Stanley fell $.70 or 2.2 percent, to $30.72.
Nov. 27 (Bloomberg) -- Royal Bank of Scotland Group Plc was the biggest underwriter of loans to Dubai World, the state company seeking to reschedule debt, while HSBC Holdings Plc has the most at risk in the United Arab Emirates, according to JPMorgan Chase & Co.
Nov. 27 (Bloomberg) -- Commodities slumped the most since July, led by a drop in crude oil and industrial metals, as Dubai’s attempt to reschedule its debt rattled investors and spurred a strengthening in the dollar.
Bank of America was aiming to have a new CEO in place by Thanksgiving but the company wasn't able to meet that deadline, and its complicated search continues.
(FT) -- Banks led the London market lower on Thursday as Dubai's attempt to reschedule debt led investors to dump riskier investments, sending the FTSE 100 to its biggest daily fall since March.
67 WALL STREET, New York - November 27, 2009 - The Wall Street Transcript has just published its TWST Investing Strategies Report offering a timely review of the sector to serious investors and industry executives. This 55 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by ...
