Interesting mutual fund idea: BlackRock Inc., the world’s largest asset manager, and Blackstone Group LP’s GSO Capital Partners LP are forming mutual funds to invest in loans as the London interbank offered rate rises to …
Search Results for: performance
April 28, 2010
Spain’s been downgraded: Spain had its credit rating cut one step by Standard & Poor’s to AA, putting it on a par with Slovenia, as contagion from Greece’s debt crisis spreads through the euro region. …
April 27, 2010
Nomura is finding out that rainmakers are mobile: Nomura has been hitting turbulence. At least 12 senior former Lehman managers, including Nomura’s deputy investment banking chief, have defected since the firm began paying out guaranteed …
April 26, 2010
IIROC has announced that downtown Toronto will be safe and accessible under any conceivable conditions: IIROC recently decided to cancel the industry business continuity planning test that was scheduled for June 26, 2010 due to …
April 23, 2010
Greece has gone to the well: Debt-stricken Greece appealed to its European partners and the IMF for emergency loans on Friday, yielding to overwhelming market pressure to set in motion the first financial rescue of …
April 22, 2010
Moody’s has downgraded Greece one notch: Greece had its credit rating cut one step by Moody’s Investors Service as the government’s debt servicing costs surge on concern that the country will struggle to reduce its …
April 21, 2010
Goldman may be showing the same cut-throat ruthlessness in its personnel policy as it shows in its customer relations: Goldman Sachs Group Inc. said the U.S. fraud case against the firm hinges on the actions …
April 20, 2010
Yet more commentary on Goldman, which has been selected for SEC charges: The case against Goldman Sachs Group Inc. may turn on the meaning of the word “selected.” The Securities and Exchange Commission must prove …
April 19, 2010
TD has bought three failed US banks: Toronto-Dominion added $3.1 billion in deposits to the $117 billion it holds in two other U.S. lenders, according to a company statement. The lender picked up 69 branches …
April 16, 2010
The SEC has charged Goldman Sachs with fraud: According to the SEC’s complaint, filed in U.S. District Court for the Southern District of New York, the marketing materials for the CDO known as ABACUS 2007-AC1 …