Tag Archives: banks


Star commodities traders ditch banks for hedge funds

Reuters – Star commodity traders, once synonymous with high-profile banks, are leaving for little-known investment firms that let them work and earn in ways iconic Wall Street firms no longer can. The financial crisis and its amplifying threat on risk […]

JP Morgan backs out of toxic assets plan

Mail Tribune – The Treasury Department on Thursday defended the viability of its $1 trillion plan to get soured mortgage investments off of banks’ books after JPMorgan Chase’s chief executive said the company won’t participate in the program. Some analysts […]

Star commodities traders ditch banks for hedge funds

Reuters – Star commodity traders, once synonymous with high-profile banks, are leaving for little-known investment firms that let them work and earn in ways iconic Wall Street firms no longer can. The financial crisis and its amplifying threat on risk […]

Lehman yields bonanza for the professionals

Times Online – Accountants and lawyers who are trying to sort out the European collapse of Lehman Brothers, the American investment bank, have charged more than £100million in fees in six months. The bonanza shows no sign of abating. PricewaterhouseCoopers […]

UPDATE 1-Hedge fund manager Odey eyes new bull market

Forbes – The current rally in stock markets may be the start of a new bull market, said hedge fund manager Crispin Odey, founding partner at Odey Asset Management and one of the hedge fund industry’s highest profile figures. ‘Opinion […]

Obama to get taxpayers to help hedge funds

American Thinker – The credit system has broken down. Banks have cooled on lending (maybe because they are not sure if the Obama administration will force a cram down in the future that would result in their loans being worth […]

Treasury seeks more partners for bad asset program

Norristown Times Herald – The Treasury Department is making it easier for hedge funds and other private investors to participate in its plan for buying up banks’ bad assets, an acknowledgment that the interest level so far has been lackluster. […]

Geithner May Oust Executives at Banks Needing ‘Exceptional’ Aid

Bloomberg – Treasury Secretary Timothy Geithner said he’s prepared to oust executives and directors at banks that require “exceptional” assistance from the U.S. government. “If in the future, banks need exceptional assistance in order to get through this, then we […]

Bair pitches hedge funds and pensions on US bank plan

Reuters – Sheila Bair, chairman of the Federal Deposit Insurance Corp, is in New York on Friday to meet with hedge funds, private equity funds and pension groups to promote the government’s plan to cleanse banks’ balance sheets of toxic […]

Uncle Sam?s hedge fund is risk for economic recovery

Fort Worth Business Press – The rescue of the American financial system proposed by Treasury Secretary Timothy Geithner is, in all but name, a gigantic hedge fund. The government would lend vast sums to private investors to enable them to […]

Quotes from Private Equity, Hedge Funds

Reuters – Following are key quotes from the Reuters Hedge Funds and Private Equity Summit. Below are some quotes from the summit’s second day speakers. "Nothing much is actually happening. It will be tested over the course of the next […]

Geithner’s Toxic Asset Plan: Wall Street Finally Cheers

Time.com – To stop the economy’s deflationary spiral, President Obama and Treasury Secretary Tim Geithner need to get toxic assets off banks’ balance sheets so the banks can start lending again. With much fanfare and after much delay, Geithner on […]

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