NEW YORK (Reuters) - Shares of Lehman Brothers (LEH.N: Quote, Profile, Research) fell
by nearly 10 percent in early New York trading on Thursday on
rumors that the fourth largest U.S. investment bank could see a
run on the bank similar to what happened to Bear Stearns
(BSC.N: Quote, Profile, Research), traders said.
Declines [...]
March 28 (Reuters) - The following financial services
industry appointments were announced on Thursday. To inform us
of other job changes, please e-mail moves@reuters.com.
THOMAS WEISEL PARTNERS GROUP INC (TWPG.O: Quote, Profile, Research)
The brokerage said it hired Eamon Hurley to expand its
energy investment banking practice in Calgary. Most recently,
Hurley was the [...]
NEW YORK (AP) — JPMorgan Chase %26amp; Co. will end up paying about $65 per share for Bear Stearns Companies Inc., too high a price for a deeply troubled company, a Punk, Ziegel %26amp; Co. analyst said Tuesday.Analyst Richard X. Bove’s comments came after JPMorgan Chase (JPM, Fortune 500) raised its per-share bid to [...]
(Fortune) — Up until now, all eyes have been on the losses that are hitting the financial sector from the acronym soup of new instruments such as CDOs and SIVs. Everyone is scared, and rightly so, of the MUB (Monster Under the Bed) that might be lurking in supposedly safe havens. Still, financial stocks staged [...]
With operations on an international scale, this hugely successful investment management firm have an opening in their London office for a French speaking PA to support one of their investment analyst teams.
Founded in 2004 by executives with experience from both investment banking and hedge fund sectors, this firm is led by some of the most [...]
But the strong results from Morgan Stanley, Goldman and Lehman helped assuage fears of a wider meltdown in the financial system, at least for now.
“Fact is, like it or not, this is an inherently risky business where the returns will shift to those willing to take the most leverage,” said Jack Ablin, chief [...]
But the lower results easily topped analysts’ expectations for a profit of $1.03 per share on $7.19 billion of revenue, according to Thomson Financial.
John Mack, Morgan Stanley’s chairman and chief executive, said the investment house known for its trading prowess “effectively capitalized on market opportunities and aggressively managed our positions.”
Wall Street’s biggest [...]
NEW YORK (Fortune) — The campus-recruiting page on the Bear Stearns corporate Web site says, in part, If you’re really good at what you do, you probably have a lot of choices when it comes to [starting] your career.Let’s hope so.For many business school students looking forward to a career in investment banking, this will [...]
NEW YORK (AP) — Citigroup Inc. is continuing to cut investment banking and trading jobs this year as the bank tries to lower costs while recovering from colossal credit-related losses.Each year we identify the bottom 5% of performers in the Institutional Clients Group, and some number of these people leave the firm, Citigroup spokesman Dan [...]
NEW YORK (CNNMoney.com) — Stocks surged Thursday after the Federal Reserve said it will make $75 billion in securities available to banks next week as part of its ongoing effort to ease the credit crunch. All financial markets are closed tomorrow for Good Friday.The Dow Jones industrial average (INDU) advanced over 260 points or 2.2%. [...]
