Displaying 29 results
Mad rush for the door seen as unlikely
Perhaps brokers and branch managers at wirehouse offices should have taken a good look around the office last Friday before leaving for the Labor Day weekend. Such long weekends traditionally give brokers a precious extra day to prepare to move and contact clients if the broker decides to bolt to another firm.
This sugar pill is quite hard to swallow
Talk about trying to make lemonade out of lemons. On Wednesday, two days after the Securities and…
Brother, can you spare a billion?
Yes, even exalted Goldman Sachs & Co. Inc. can make big mistakes. The New York-based financial powerhouse…
Reuters rolling out a website for advisers
Do advisers really need another “community” website? Reuters, the giant London-based news and information company, thinks they do.
Senator knows where his croissant is buttered
The New York Times headline said it all: “In Opposing Tax Plan, Schumer Supports Wall Street Over Party.” That’s right, when it came to defending a soak-the-rich tax proposal opposed by his well-heeled financial industry constituents, Sen. Charles Schumer, D-N.Y., uber-liberal and scourge of red meat/red state conservatives, melted faster than an ice cream cone in August.
SRO shorthand stirs up acrimony
What’s in an acronym? Plenty, it turns out. Things started innocently enough following the merger of…
Private-equity tax debate heats up
Democratic presidential candidate John Edwards and billionaire buyout king Henry Kravis last week staked out dramatically opposing…
Alternatives IPO bandwagon is rolling
Possible tax hikes and stagnant stock price movement aside, hedge funds and private-equity funds continue to beat a path to the public markets.
There is such a thing as bad publicity
As evidenced by his firm’s non-stop barrage of ads and direct mailings, as well as his own numerous books and interviews with the media, Kenneth Fisher, chairman and chief executive of San Francisco-based Fisher Investments, is hardly publicity shy.
Uh, better make those soft-shell crabs
It certainly was a roller coaster week for Stephen Schwarzman and his colleagues at Blackstone Group LP, the…
Inflation emerges as early summer scare
Inflation clearly was the keyword of the week, as fears of rising prices sent stocks tumbling and forced pundits to try to explain it all.
Taking high road to investment gains
Investing is well known for having countless metrics, but let’s face it: Adviser morality and integrity were never up there with capital gains or yield.
Year-end bonuses look good for Wall St.
A healthy stock market and the frenzy in deal making driven by private equity should result in Wall…
Private equity flexes muscles, takes lumps
Private equity hogged the financial-news spotlight last week, starting with the precedent-shattering Chrysler Group deal, which saw…
Local hot spots boost real estate market
If all politics is local, last week confirmed that the same is true of real estate. Nationally, there…
Hedge managers may need Spidey’s powers
With great salaries come great adverse possibilities. The Federal Reserve Bank of New York issued a statement…
Rallying cry – debate over market direction
Last week’s impressive stock market rally, while welcomed, also prompted questions about its staying power and the seeming…
Hedge fund heyday – bigger is better
Thinking about starting a hedge fund? It sure seems like the timing is right, considering the record…
Costs cut, Citi now may consider sales
The cost cutting at New York-based Citigroup Inc. last week certainly was painful but hardly unexpected.
Taxing charges for Jackson Hewitt
There must have been an awful lot of hardworking, honest accountants and financial advisers out there who experienced more than a little schadenfreude last week when the Department of Justice charged a number of Jackson Hewitt Tax Service Inc. sites with “pervasive fraud” that it said caused more than $70 million in combined losses in federal tax revenue.
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