Ban On Shorting Stks Causes Bets On Fin Mkts To Soar -Report
Last Update: 9/25/2008 1:59:29 AM
LONDON (Dow Jones)–Fixed-odds betting on financial markets has surged in recent
days as traders find ways to get around the ban on short selling financial
stocks, the Independent reported Thursday.
BetsForTraders.com, a financial bookmaker, has reported volumes up by more than
400% since last [...]
Talks Over Lehman Resume, Barclays Seen Leading Contender
Last Update: 9/14/2008 11:22:57 AM
NEW YORK (Dow Jones)–Banking executives and federal regulators Sunday resumed
talks at the New York Federal Reserve over the fate of Lehman Brothers (LEH),
according to a spokesman for the New York Fed.
Negotiations have been held since Friday over how to deal with Lehman, the U.S.’s
fourth-largest [...]
CORRECT: EIB Pricing Should Happen Wednesday
Last Update: 8/26/2008 5:52:43 AM
LONDON (Dow Jones)–The European Investment Bank has set price guidance on its
forthcoming three-year, $4 billion global bond at 35 basis points under 3-month
Libor, said one of the banks involved in the deal Tuesday.
JP Morgan (JPM), Barclays PLC (BCS) and Citigroup Inc. (C) have been hired as
joint-lead [...]
Merrill’s Fire Sale Might Leave A Lot Of Fingers Burned
Last Update: 7/29/2008 9:03:18 AM
By Andrew Dowell and Ed Welsch
Of DOW JONES NEWSWIRES
Merrill Lynch & Co.’s (MER) fire sale of toxic assets might burn some other
fingers on Wall Street.
In the world of complex and infrequently traded securities, the venerable
investment [...]
Posted by Heidi N. Moore
Lehman Brothers Holdings Inc. (LEH) has, so far, done everything right in order
to prevent an extended market panic: it announced its earnings early, came clean
about its first loss as a publicly traded company and showed it could be
well-capitalized by raising $6 billion in new capital: $4 billion [...]
DOW JONES NEWSWIRES
A group of investment banks are ready to agree a plan to sell much of the GBP9
billion debt in Alliance Boots PLC, the private equity-owned pharmacy chain, The
Financial Times reported on its Web site Tuesday.
If banks proceed with the sale, they are likely to take more writedowns,
according to the FT report. This is [...]
WASHINGTON (Dow Jones)–Banks are keen on regulation to address the consequences
of the financial market turmoil, but they want some form of it extended to hedge
funds, Christine Lagarde, the French finance minister, said.
“Banks have a thirst for regulation,” the French finance minister told reporters
Saturday at a briefing on the sidelines of the International Monetary Fund spring
meetings [...]
Stocks Move Higher Following Buyout News, Earnings Reports
NEW YORK (AP) — Stocks rose in early trading Monday after a fresh round of buyout news offered evidence that Wall Street’s penchant for dealmaking hasn’t disappeared.
Stocks partly rebounded from a sell-off Friday after Transocean Inc., the world’s largest offshore drilling contractor, and rival GlobalSantaFe Corp. said Monday [...]
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