Financial Times:
The surprise announcement of tougher standards for asset-backed securities used as collateral highlights how far the bank is planning its 'exit strategy' to dismantle measures taken after last year's collapse of Lehman Brothe (Read More)
The Guardian:
Investment bank under fire again as investors protest at record bonuses of $717,000 eachGoldman Sachs has had to defend itself from angry taxpayers, regulators, the government – and now its own shareholders.Some of the US inv (Read More)
The Huffington Post | Full News Feed:
While the overall U.S. financial system is showing signs of stability, a rapidly rising tide of troubled loans for commercial real estate threatens the survival of hundreds of the nation's small and medium-sized banks.Financi (Read More)
Financial Sector and Stocks Analysis from Seeking Alpha:
Today's Four for Four: Jobless Claims are still at Recessionary levels. Geithner takes Congressional Heat. The FDIC Quarterly Banking Profile will be released next Tuesday. More Treasury supply before Turkey Day and the Daily (Read More)
NY Post:
The chief restructuring officer of bankrupt investment bank Lehman Brothers Holdings is predicting a "slugfest" with some of Wall Street's biggest firms over the losses they claim they suffered the day Lehman went belly-up. (Read More)
FT Alphaville:
Short-term US interest rates turned negative on Thursday as banks stockpiled government securities in order to “window dress” their balance sheets for the year-end, highlighting continuing distortions in the financial system (Read More)
VentureBeat:
Fluidigm, which makes chips that for genetics lab, has raised $7.5 million in new equity, according to VentureWire. That’s part of a new $18.5 million round that the South San Francisco, Calif. company is raising. The funding (Read More)
Submitted by mogston
from blog:
Fluidigm, which makes chips that for genetics lab, has raised $7.5 million in new equity, according to VentureWire. That’s part of a new $18.5 million round that the South San Francisco, Calif. company is raising. The funding (Read More)
Law News from Times Online:
Creditors of Lehman Brothers had filed claims for the return of $824 billion ($£492 billion) and total claims might reach $1 trillion, the chief executive of the investment bank said yesterday.$. (Read More)
New York Times:
Lehman Brothers Holdings' creditors filed $824 billion in bankruptcy claims against the collapsed investment bank, and the total may reach $1 trillion, Lehman chief executive Bryan Marsal said Wednesday. (Read More)
Financial Sector and Stocks Analysis from Seeking Alpha:
Dividend Inc. submits: In light of the recent apology that was offered up by Lloyd Blankfein, CEO of Goldman Sachs (GS), I came across something that highlights Goldman's role in the world of guerrilla investment banking. I p (Read More)
Reuters: Private Equity:
NEW YORK, Nov 18 (Reuters) - Lehman Brothers Holdings Inc
said on Wednesday that it expects to have an outline
for a plan of reorganization ready by the end of the first
quarter of next year.
. (Read More)
The Guardian:
Capita, the outsourcing group, is heading south after a trading update, despite the rest of the market moving higher thanks - once more - to the mining sector.The company - whose contracts include managing the TV licence for (Read More)
Hot Current News Trends:
MUMBAI – Sharekhan expects the growth momentum in Cox and Kings to continue in the coming years. In its IPO note, the brokerage says, “Our very rough estimates suggest that at the lower and at the upper end of the price band (Read More)
Wall Street Journal:
Bankruptcy stinks. But it may still be the best way to help unwind the nation’s “Too Big To Fail” institutions when the next financial calamity hits.That was the view, at least, among panelists today at a Washington, D.C., ga (Read More)
feeds.reuters.com:
Takeo Sumino, chief operating officer of Nomura Holding America Inc, wants to make one thing clear: neither he nor his Tokyo colleagues are into the habit of breaking into song first thing in the morning at the office.“Japan (Read More)
India Times:
Lawyers for Lehman Brothers Holdings Inc have filed a lawsuit against Barclays Capital to claw back billions of dollars of excess profit from last year's purchase of Lehman's US brokerage business, court documents showed. (Read More)
Handelsblatt.com - Unternehmen:
Ein Jahr nach dem spektakulären Zusammenbruch der US-Investmentbank Lehman Brothers spitzt sich der milliardenschwere Streit über den Notverkauf von Teilen des Finanzhauses zu. Die Gläubiger von Lehman haben jetzt die britisc (Read More)
Wall Street Journal:
NEW YORK (MarketWatch) -- Goodrich Corp. said Tuesday it intends to acquire Atlantic Inertial Systems from private-equity firm J.F. Lehman & Co. for $375 million. The deal to buy the maker of guidance, stabilization and navi (Read More)