The buyout firm generated record quarterly earnings, in stark contrast to Wall Street’s slog. It’s the latest sign of a power shift from banks to shadow banks, broadly defined. Having confined big lenders, watchdogs could pick up the scent on Steve Schwarzman and his ilk.
Mercenary Links April 17th: Big banks ramp up biz lending... Putin asserts right to use force... hedge funds clobbered by tech stocks... analyzing Bob Ross, the Mustang at 50, and more.
During the first quarter of 2014, investors were generally pessimistic about the prospects of ’s big investment banks and pushed down the shares of Goldman Sachs and. But the two big banks surprised investors on Thursday, posting first quarter financials that were stronger than expected. Goldman Sachs reported on Thursday that in the first [...]
There are two market-wide trends currently plaguing the big banks on Wall Street: 1) declining mortgage activity and 2) tumbling fixed-income trading activity. However, Morgan Stanley bucked that latter trend by reporting a jump in fixed...Show More Summary
From China’s CITIC to Singapore’s Temasek, Asian acquirers are increasingly relying on in-house talent to get deals done. The loss of potential deal flow in an already tough market means big banks will have to work harder to prove their worth.
Mercenary Links April 16th: Central Bank power eroding... Fed sees strong economy ahead... Big Wealth makes a comeback... snorkelling in Antarctica, younger skin through exercise, and more.
Craft beer might not immediately spring to mind at the mention of big banks, but a brewery boom has spurred plenty of business interest in the sector. Bank of America, for instance, has a Southern California-based beverage industry group focused on wineries, breweries, distilleries, distributors and suppliers. Show More Summary
The Goldman Sachs Group Inc. (GS) is set to report FQ1 2014 earnings before the market opens on Thursday, April 17th. Banks make the big bucks when the economy grows and businesses and individuals take on loans to fund expansion, but this quarter investors have displayed a squeamish risk appetite. Show More Summary
Bank of America's $276 million loss provides some valuable perspective on the difficulties in running a big bank these days, Antony Currie of Reuters Breakingviews writes.
Well this is kind of weird. Remember when Victor & Spoils first launched and they made a really big deal about the fact they'd crowdsource cool, new digital work for their clients? Well apparently they've come full circle and are now...Show More Summary
Elizabeth Banks, James Marsden and 'Community' actor Gillian Jacobs star in the red-band trailer for Steven Brill's comedy 'Walk of Shame'. The post ‘Walk of Shame’ Red Band Trailer: Elizabeth Banks is in Big Trouble appeared first on Screen Rant.
Sometimes being a supermodel just isn't enough. Ladies like Tyra Banks and Kate Upton have proved they've got more than just model behavior by taking on roles in film and TV, and Kate is starring alongside Cameron Diaz and Leslie Mann in the upcoming comedy The Other Woman. Check out our list of models who have ventured beyond the runway to the big screen!
The Federal Reserve is considering tougher rules for big banks, who would be required to hold more capital in the case of another financial crisis. And two senior executives are leaving General Motors. According to a company spokesman, the departures are not connected with GM’s recent vehicle recalls. Show More Summary
Federal Reserve Chief Janet Yellen has been a busy lady. In the past few weeks, she has faced down the ravaging pack of media hounds known as the central bank’s press corps, communed with struggling workers in Chicago and delved into the debate over bank capital standards. The only thing she hasn’t done is give a […]
In February, we reported on the depredations of large banks operating in the derivatives market focused on public sector entities, especially the bankrupt city of Detroit. Most recently, The New York Times reported that the banks involved...Show More Summary
Facebook appears to be entering the banking and payment-transfer industries, which could be the company's first major non-advertising source of revenue.
WASHINGTON -- The Federal Reserve is considering tougher rules for big banks to keep credit flowing in case of another financial crisis, Fed Chairwoman Janet L. Yellen said Tuesday.
BySqueeky Wheel: The big news for BofI Holding (Bank of Internet) (BOFI) of course is the acquisition of H&R Block's banking business which occurred shortly after I wrote most of this article. This should have big impacts on the short theses recently presented on Seeking Alpha. Show More Summary
A teenager in Hull, Ga., has reportedly become a big spender after mistakenly receiving a $31,000 bank deposit. Problem is, First Citizens Bank wan... Read more: Video, Accidental Deposit, Dumb Crime, Weird Georgia, Weird for Aol, $31K Accidental Deposit, First Citizen's Bank Hull Georgia, Weird News News
Would you trust the 'Bank of Facebook' with your cash? Here's how Facebook's big money project is getting started. Facebook is mere weeks away from having a regulatory green light in Ireland to allow its users there to store money on the site, and make payments to individuals, the Financial Times reports. Show More Summary