Four at Four: OPEC?s Conundrum

The representatives traveling to Oran, Algeria, for the Wednesday meeting of the Organization of Petroleum Exporting Countries may agree to a larger-than-expected reduction in daily oil supply, but it may not halt the decline in price of crude oil. The price of crude fell to $44 [more...]

Date: 2008-12-15 12:26:00

Blog posts (97) | Videos (21)
 

Asia Having a Decent Day, For a Change

After opening down (the Nikkei was down over 2.5%, the Hang Seng over 4%, Singapore over 1%), the specter of the US stock market blasting through two support levels in two days was treated, for now, as a thing of the past. In particular, the markets seemed to take cheer from the idea that Citigroup would be sold (!) [more...]

Date: 2008-11-21 07:49:52

Accountability for TARP funds is written into the legislation and evidenced in GAO report / budget - US economic crisis

http://www.gao.gov/financial/fy2008/08frusg.pdf pg. 10 - 11The following key points summarize economic performance in FY 2008.*    After increasing by 2.7 percent in FY 2007, consumer spending was slightly negative over the four quarters of FY 2008, with a notable slowing in the final quarter [more...]

Date: 2009-01-13 07:35:14

Banking Bonus & Incentive Pay Dilemmas

Bonuses for Banking Executives for 2008 Performance? You’re Kidding, Right? — No. The near-collapse of the financial services industry has left our economy reeling and made many taxpayers angry. So why should financial professionals keep receiving bonuses? [more...]

Date: 2009-01-06 11:00:10

Citi in Talks With Morgan Stanley Over Smith Barney

Citi in Talks With Morgan Stanley Over Smith Barney January 9, 2009, 5:21 pm From Eric Dash and Louise Story, colleagues of DealBook [ ... INSERT DESCRIPTION Citigroup is in talks to sell an interest in its Smith Barney brokerage and asset management unit to Morgan Stanley, according to two people with knowledge of the discussions [more...]

Date: 2009-01-09 22:21:59

Muslim bank manager to sue HBOS for £16.7m in sex and race claim

A Muslim bank manager who claims she was accused of trying to sleep her way to the top is suing Halifax Bank of Scotland (HBOS) for damages of £16 ... payout after winning her £19m sex discrimination claim against F & C Asset Management. But an appeal ... by bond trader Allison Schieffelin against Morgan [more...]

Date: 2009-01-05 00:02:23

U.S. Economy in 2009, Pain Will Precede the Promise

If there’s a proverb that captures the outlook for the U.S. economy in the New Year, it’s the one that says: “It’s always darkest before the dawn.” Regardless of any formal announcement of whether or not the United States drops into an actual recession, [more...]

Date: 2008-12-29 15:15:51

Economic Jihad: $700 Billion Bail-Out Aids Oil Rich Arab Sheikhs

ByPaul L. Williams(author of The Day of Islam) Oh, you Muslims everywhere, sever the ties of their nation, tear them apart, ruin their economy, ... that has been spent under the Troubled Asset Relief Program. The megabank, thus far, has received [more...]

Date: 2009-01-14 02:37:00

Quelle Surprise! Hedge Funds Had a Horrible 2008, Lost 18%

While no one hedge fund index is comprehensive. all the reports to date point the same way: the hedge fund industry lost its clients a lot of money in 2008. While you can blame the horrid results on the dreadful environment across a host of asset classes, a very real sense, the funds [more...]

Date: 2009-01-08 07:05:35

It's 10 PM At Night - Do You Know Where Your Leverage Is?

It's 10 PM At Night - Do You Know Where Your Leverage Is? ... economic impact of its use. Ask ten asset managers how they measure the use of other people's money ... a disproportionate exposure to a particular asset or liability class. Leverage can vary by strategy [more...]

Date: 2009-01-03 19:21:26

Citigroup, the Incredible Shrinking Bank

The Citi never sleeps. Shares never awaken ... up capital. Walter Gerasimowicz, CEO of hedge fund Meditron Asset Management, said that the deal “ ... . The institution that was too big to fail is being reduced in size, both by company management [more...]

Date: 2009-01-14 16:54:54

Four at Four: Quick, Name the G-20 Members

Given another ten minutes or so, the Dow industrials might have pushed through 9,000, not a few hours after falling through 8,000 ... , it seems real tepid and weak,” says Bill Greiner, chief investment officer at UMB Asset Management [more...]

Date: 2008-11-13 12:42:00

RMK fund set for liquidation

The Memphis Daily News recently reported that Hyperion Brookfield Asset Management, ... is the Regions Morgan Keegan Select Short Term Bond Fund. Hyperion took over management of the Morgan ... Helios funds, reflecting the change in management, and of course removing the stigma of the RMK [more...]

Date: 2009-01-14 22:51:51

Caprock Analytics Stock Ratings

Stock-Net presents custom stock ratings, powered by Caprock Analytics ... , providing human capital and financial management consulting services. The Company focuses on delivering ... opportunities in human capital management. It also provides independent financial advice regarding [more...]

Date: 2009-01-14 18:02:52

Deals of the Day: Dow Chemical Ready to Sue Kuwait For Breakup Fee

Deals of the Day, compiled by Stephen Grocer and Heidi N ... the day at http://blogs.wsj.com/deals. The Game Who will succeed Morgan Stanley’s John Mack? Two ... , but while the global outlook for the asset-class is bleak, some credit analysts are optimistic [more...]

Date: 2009-01-06 12:52:35

Wall Street Breakfast: Must-Know News

Morgan Stanley Smith Barney. Citigroup (C) and Morgan Stanley (MS) confirmed they’re merging their wealth management units into Morgan Stanley Smith Barney. Morgan ... shrinking. Citigroup’s (C) deal with Morgan Stanley (MS) is just one part of its radical restructuring [more...]

Date: 2009-01-14 12:15:28

Wall Street Breakfast: Must-Know News

Morgan Stanley Smith Barney. Citigroup (C) and Morgan Stanley (MS) confirmed they're merging their wealth management units into Morgan Stanley Smith Barney. Morgan will pay $2.7B for a 51% stake with the option of taking full control after five years. Citi [more...]

Date: 2009-01-14 12:15:31

The End of the Financial World as We Know It

By MICHAEL LEWIS and DAVID EINHORN Published: January 3, 2009 AMERICANS enter the New Year in a strange new role: financial lunatics ... Investment Management in Boston who, for nine years, tried to explain to the Securities and Exchange [more...]

Date: 2009-01-04 15:22:36

Why Corporate Bonds Could Be The New ‘Safe Haven’ In 2009

Given the implicit government guarantees, Eric Roseman says it is likely that investors will soon start to switch from low-yielding Treasury bonds ... are now sitting on potential losses as management fees erod [more...]

Date: 2008-12-29 11:47:24

New Year Rally, Obama’s Plan, Shorting in 2009, The Second Wave of the Housing Bust, and More!

by Addison Wiggin & Ian Mathias Markets kick off 2009 with sizable rally… what’s behind the best New Year’s rally since 2003 Obama bounce ... noting… the Institute for Supply Management (ISM) manufacturing survey started off the new year [more...]

Date: 2009-01-05 19:54:37

Investors May Be Too Optimistic About Consumer Recovery

The most accurate banking analyst, Meredith Whitney, has warned that banks are likely to continue to restrict consumer credit, ... to get their personal finances back in order," he said.... Morgan [more...]

Date: 2008-12-14 06:10:36

Live-Blogging the Morgan Stanley Earnings Call

Conference Call It was a rough quarter for Morgan Stanley, which lost $2 ... for the year-earlier period. 11:06 a.m.: Morgan got $10 billion from the TARP. The company says it’ ... -classified to a lower, lousier class. Morgan Stanley 11:11 a.m.: The institutional securities [more...]

Date: 2008-12-17 16:32:42

Live-Blogging the Morgan Stanley Earnings Call

Conference Call It was a rough quarter for Morgan Stanley, which lost $2 ... for the year-earlier period. 11:06 a.m.: Morgan got $10 billion from the TARP. The company says it’ ... -classified to a lower, lousier class. Morgan Stanley 11:11 a.m.: The institutional securities [more...]

Date: 2008-12-17 19:08:00

MortgageNewsClips: No Refis for Mods, New Ways, Builder Reprieve, Citi and Capitol Hill, Reverse Commentary, In The Hole, Dennis Lockhart, Tom Brown, Linda Lowell, 2005, Dimon Says 2Q, Rate Low?, Chris Whalen

this could be big - Effective Immediately - No Refi’s For Borrowers with Modified Loans - 1/5/09 - ... more at MR Mortgage  ———— google-news The potential deal between Citi and Morgan Stanley underscores [more...]

Date: 2009-01-08 01:37:30

Deals of the Day: Help Wanted at the Treasury

Deals of the Day gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity. You can bookmark Deal Journal for easy visiting throughout the day at http://blogs.wsj.com/deals. Today in Bailouts Help wanted: [more...]

Date: 2008-11-28 14:58:10

FAQ: How safe are my New Star unit trusts?

How safe are my New Star unit trusts? Unit trusts and open-ended investment companies (OEICs) operate under well-defined rules. Investors buy units in a unit trust, which is managed by a fund management company. There has to be a clear separation between fund management companies, such as New Star, and the unit trusts [more...]

Date: 2008-12-02 00:07:39

how to be invisible

I’ve always been of the opinion that people over concerned with surveillance and data security are displaying the first stages of clinical paranoia. It’s well known, for those that care to look [more...]

Date: 2009-01-11 15:47:17

Citi breakup in sight after Morgan Stanley deal (Reuters via Yahoo! News)

Citi breakup in sight after Morgan Stanley deal (Reuters via Yahoo! News) January 14th, 2009 Citigroup Inc agreed to merge its Smith Barney brokerage with Morgan Stanley’s wealth management unit on Tuesday, and is expected to make further asset sales to raise capital [more...]

Date: 2009-01-14 14:55:10

The G-20 Washout By Mike Whitney

November 18, 2008 — dandelionsalad Dandelion Salad By Mike Whitney November 17, 2008 “Information Clearinghouse“ As expected, ... management practices, increasingly complex and opaque financial products, and consequent excessive leverage [more...]

Date: 2008-11-18 15:30:23

Paul L. Williams: Bailing Out Jihad

SupertrampCrime of the CenturyEconomic Jihad:$700 Billion Bail-Out Aids Oil Rich Arab Sheikhs By Paul L. Williams(author of The Day of Islam) ... million that has been spent under the Troubled Asset Relief Program. The megabank, thus far, has received [more...]

Date: 2009-01-14 21:04:00

A Good Deal for Citigroup’s Smith Barney?

A Good Deal for Citigroup’s Smith Barney? Posted by Heidi N ... effort, in 2005. That year Citigroup swapped its asset management business to Legg Mason, which ... that was part of their 2005 asset swap. Since then, Bill Miller’s vaunted Legg Mason Value Fund [more...]

Date: 2009-01-11 02:38:56

Trading the Big Picture: A Conversation with Barry Ritholtz

To most traders and investors, Barry Ritholtz is the voice of The Big Picture, one of the more popular financial blogs on the Internet. Now hosted at ritholtz.com, The Big Picture was one of the more prominent financial must-reads for traders and active investors during the second half of the Bush years [more...]

Date: 2008-11-16 17:30:07

And Then There’s This…Tuesday, December 2nd, 2008

Almost from the moment that trading began in the Far East on Monday morning, there was someone there to sell the gold and silver market down ... in silver, I give da boyz a 9.5/10. Any bets that it was mostly JP Morgan (NYSE:JPM)? After [more...]

Date: 2008-12-02 20:08:28

Four at Four: Bank of Whatever

Never underestimate the power of the market to confound. Citigroup Inc ... confirmation that the open-bank assistance put in place last quarter is moving to management and other changes [more...]

Date: 2009-01-08 16:04:41

Satyam - SELL SELL SELL

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg ... Ltd,ABERDEEN ASSET MGRS LTD - ABERDEEN GLOBAL -ASIA PACIFIC FUND,SELL,6601436,41.82 ... ,-07-JAN-2009,SATYAMCOMP,Satyam Computers Ltd,FIDELITY MANAGEMENT AND RESEARCH COMPANY A/C FIDELITY INVES [more...]

Date: 2009-01-07 15:25:00

Economic Jihad: $700 Billion Bail-Out Aids Oil Rich Arab Sheikhs

Posted by request: Economic Jihad: $700 Billion Bail-Out Aids Oil Rich Arab Sheikhs  By Paul L. Williams (author of The Day of Islam) ... the principal beneficiary of the $350 million that has been spent under the Troubled Asset Relief Program [more...]

Date: 2009-01-14 14:02:13

Banking Industry Sinking Faster Than Government Can Bail?

A useful piece at the Wall Street Journal discusses the poor prospects for the US banking industry, ... Eric Hovde, chief executive of Hovde Capital Advisors LLC, a money-management firm in Washington [more...]

Date: 2008-12-30 06:21:47

$75 Billion Needlessly Lost in Hasty Lehman Bankruptcy Filing?

There is a piece I regard as truly odd in the Wall Street Journal tonight ... Bank, the sale of the asset management operations) would raise $10 billion, perhaps more, and allow [more...]

Date: 2008-12-29 06:11:28

Risk Magazines annual awards

  Risk magazine Awards 2009 Volume22/No1 Not wavering, ... management expertise to their customers in difficult market conditions. There was a stage, back in early [more...]

Date: 2009-01-12 13:41:24

The End of the Financial World as We Know It

This is the best article I have seen on describing not the financial crisis, which is a sympton, ... Investment Management in Boston who, for nine years, tried to explain to the Securities [more...]

Date: 2009-01-10 14:09:15

No Free Bailout for Citigroup?s Pandit

There is no such thing as a free bailout. Like so many of their Wall Street compatriots, ... Thain–who had hoped for $10 million–and the voluntary examples set by Morgan Stanley’s John Mack [more...]

Date: 2008-12-31 12:36:00

NYT ~ The End of the Financial World as We Know It

AMERICANS enter the New Year in a strange new role: financial lunatics ... Investment Management in Boston who, for nine years, tried to explain to the Securities and Exchange [more...]

Date: 2009-01-04 21:15:08

2008 Lookback: Of All the Nerve

Market meltdowns have a way of revealing the true nature of many people ... through the Treasury’s Troubled Asset Relief Program (more than the initial $13.7 billion infusion [more...]

Date: 2008-12-24 09:54:00

Wall Street strategists predict 17 percent stock gain in 2009

#fullpost{display:inline;} The average 2009 year-end S&P 500 is 1,056, or 16.9% above the S&P's year-end price of 903.25. clipped from www.bloomberg ... Richard Bernstein 975 7.9%Morgan Stanley Abhijit Chakrabortti 975 [more...]

Date: 2009-01-07 16:38:00

January 10 2009: Hornswoggled Absquatulation

Russell Lee Tobaccy Candy 1940 Pool hall, Shasta County, California Ilargi: ... through the signing into law of the Gramm-Leach-Bliley Act by Slick Billy Clinton, gave them access [more...]

Date: 2009-01-10 16:28:00

Bank of America: What to Expect When You’re Expecting Merrill Lynch

For Bank of America, being a hero won’t come cheap ... because we believe that wealth management and corporate and investment banking represent [more...]

Date: 2009-01-02 09:07:00

Bank of America: What to Expect When You’re Expecting Merrill Lynch

For Bank of America, being a hero won’t come cheap ... because we believe that wealth management and corporate and investment banking represent [more...]

Date: 2009-01-02 09:07:00

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