Tag Archives: raanan-agus
600 jobs likely to go at Goldman
Guardian Unlimited – The threat of further redundancies hung over the City last night as it emerged that the investment bank Goldman Sachs is expected to cut at least 600 jobs in London. A wide-ranging cull of hedge funds in […]
Wall Street layoffs could surpass 200000
Los Angeles Times – Traders and investment bankers might have more to worry about than dwindling bonus pools this year as mass firings on Wall Street are set to hit a record. The fallout from this year’s global credit crisis […]
Whitebox hedge fund puts halt to cashing out
Minneapolis Star Tribune – Hedge fund manager Whitebox Advisors won’t let customers cash out, according to a national publication that follows the lightly regulated industry that manages money for affluent individuals and institutions. The Minneapolis firm, which runs about $4 […]
Treasury Said to Invest $125 Billion in US Banks
Bloomberg – The Bush administration will invest about $125 billion in nine of the biggest U.S. banks, including Citigroup Inc. and Goldman Sachs Group Inc., in the government’s latest attempt to shore up confidence in the financial system. The proposed […]
Delphi judge moves ahead in Appaloosa fraud case
Vindicator – A bankruptcy judge said Wednesday he may let Delphi pursue wider fraud claims against the Appaloosa Management hedge fund, which backed out of a deal to invest $2.55 billion in the auto supplier. Appaloosa had led a group […]
Hedge Fund Finds Itself on Defense
New York Times – Kenneth C. Griffin was one of those Wall Street whiz kids. As a teenager, he traded out of his dorm room at Harvard. In his 20s, he opened his own hedge fund. In his 30s, he […]
Thain to head investment banking, wealth at BofA
Reuters – John Thain, the Merrill Lynch & Co Inc chief executive who engineered the firm’s sale to Bank of America Corp, will head investment banking, securities and wealth management at the new company — at least for now. But […]
How the Bailout Is Like a Hedge Fund
Slate – The Wall Street bailout is alive again. In an effort to make the $700 billion bailout palatable, the architects of the law have larded it up with all sorts of goodies, such as increasing the levels of deposit […]
GE to raise $15 billion, Buffett gets preferred stake
Reuters – General Electric Co plans to raise $15 billion through stock sales — including $3 billion from Warren Buffett — to improve liquidity and give it the option of more acquisitions at a time of intense market turmoil, the […]
Icap slumps as barometer reflects banks troubles
Times Online – Some called it chutzpah. Some were more charitable, describing it as an exercise in putting on a brave face. Whatever it was, Michael Spencer’s claim that it was business as usual at Icap, when that company handles […]
