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DealBook - 3 hours ago
Robert K. Steel is close to naming a former insurance industry executive as Wachovia’s new finance chief, The New York Times reported, citing people briefed on the situation.
Also tagged: financial services, carlyle group, wachovia, main topics, top headline
DealBook - Sep 5, 2008
Goldman Sachs isn’t so bullish on the Thundering Herd anymore. Analysts at Goldman have downgraded Merrill Lynch’s stock to “sell” and added their crosstown rival to the firm’s “conviction sell” list. In a report …
Also tagged: financial services, merrill lynch, main topics, top headline
DealBook - Sep 5, 2008
Lehman Brothers, the ailing Wall Street bank, is working toward a radical solution in its fight for survival: Splitting itself into a “good” bank and a “bad” one, according to a report from The New York Times’s Ben …
Also tagged: financial services, lehman brothers, kohlberg kravis roberts and co, apollo management, main topics, by industry
DealBook - Sep 5, 2008
Citigroup, Merrill Lynch and three other banks have been hit with a shareholder lawsuit accusing the banks of failing to warn investors about proposed accounting-rule changes that lowered the value of preferred Fannie …
Also tagged: financial services, ubs, merrill lynch, citigroup, wachovia, morgan stanley, fannie mae, main topics, by industry
DealBook - Sep 5, 2008
Bank of America wants to settle state and federal probes into the marketing of auction-rate securities on terms similar to those reached with other major banks, Bloomberg News reported. The second-largest U.S. bank by …
Also tagged: financial services, bank of america, citigroup, goldman sachs, main topics, by industry
DealBook - Sep 5, 2008
An indicted former Credit Suisse broker was in custody Thursday to face charges over deceptive sales of subprime-related auction-rate debt, the F.B.I. said. F.B.I. officials said the former broker, Julian Tzolov, a …
Also tagged: financial services, credit suisse, main topics, by industry
DealBook - Sep 4, 2008
Lazard said Thursday that it has hired Spiro Youakim, the former head of Citigroup’s European metals and mining banking group, to serve in a similar function in London. Mr. Youakim, 40, was involved in some of the …
Also tagged: revolving door, lazard, main topics, basic industries
DealBook - Sep 4, 2008
Shares in Lehman Brothers fell about 6 percent Thursday morning, as another round of speculation continued to cloud the outlook for the troubled investment bank.
Also tagged: financial services, lehman brothers, main topics
DealBook - Sep 4, 2008
Merrill Lynch’s efforts to sell a “significant” amount of mortgages to state-run Korea Asset Management have stalled over pricing issues, the firm’s chief executive told Bloomberg News. “We have yet to reach an …
Also tagged: financial services, merrill lynch, main topics
DealBook - Sep 4, 2008
The broker said the securities were as safe as cash. After all, he claimed, the outfit that issued them, Glacier Education Loan, bought student loans guaranteed by the federal government. The problem, The New York …
Also tagged: financial services, credit suisse, main topics, by industry