Former Lehman CFO returns to hedge fund business. July 15. 2008 3:38PM Erin Callan, Lehman Brothers Holdings Inc.’s chief financial officer until she was abruptly pushed aside last month, is heading to rival …
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If Wall Street CEOs really want to revive their credibility, they should return the bloated bonuses they got when they made what eventually turned into wrongheaded bets on the mortgage market.
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Corus Entertainment Inc. F3Q08 Earnings Call July 9, 2008 8:30 am ET Executives John Cassaday - ‘ President and Chief Executive Officer Paul Robertson - ‘ President, Television Tom Peddie - Senior Vice …
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The U.S. Treasury Department’s plan to shore up Fannie Mae and Freddie Mac is an “unmitigated disaster” and the largest U.S. mortgage lenders are “basically insolvent,” according to investor Jim Rogers .
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Lehman Brothers’ executives, seeking to shore up the brokerage’s share price, is mulling options including a strategic alliance with a partner, the Wall Street Journal reported on Monday.
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According to Goldman Sachs, Still No Positive Signs in Timing the Banking Turnaround, Cutting Zions Bancorp to “Sell”; UBS Cuts Wachovia to “Hold”
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The U.S. government is signaling it won’t throw a lifeline to struggling financial companies _ except for mortgage linchpins Fannie Mae and Freddie Mac _ marking a shift to a new and potentially more volatile phase of the credit crisis.
Such an approach could mean beaten-down investment banks like Lehman Brothers Holdings Inc. and regional banks must now fend for themselves as they try to recover from billions of dollars in mortgage-related losses _ unlike Bear Stearns Cos., whose buyout the government helped orchestrate in March. That is bound to unnerve an already turbulent Wall Street and make investors even more anxious as they await financial companies’ earnings reports that are expected to be down a stunning 69 percent from a year ago when all the numbers are in.
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All of the shares are being offered by Century Aluminum. Century has granted the underwriters a 30-day option to purchase up to an additional 975,000 shares of its common stock to cover over-allotments, if any.
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Unlike the situation facing Bear Stearns earlier this year, Fannie Mae and Freddie Mac are not short of cash.
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Federal Reserve Chairman Ben S. Bernanke delivered the following remarks on regulatory restructuring before the Committee on Financial Services in the U.S. House of Representatives.
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