Archives: November 2009

Lower Wattage Star Power at Lazard?

Posted by: Peter Carbonara on November 18, Categories:

The board of investment bank Lazard Freres yesterday ended weeks of speculation and gossip about who would replace the firm's late CEO Bruce Wasserstein. The legendary and frequently controversial deal...

Paulson Protege Pellegrini on Bernanke's Fed: "Sheer Lunacy"

Posted by: Peter Carbonara on November 16, Categories: bailout

Some smart people are feeling at least cautiously optimistic about the U.S. economy at the moment--among them BW's own Jim Cooper. Paolo Pellegrini, however, is not. Which might be worth...

Bear Fund Managers Go Free, Big Questions Unanswered

Posted by: David Henry on November 10, Categories:

Because jury acquittals are absolute and cannot be appealed in the U.S., the not-guilty verdicts of two former Bear Stearns hedge fund managers on Tuesday ought to have provided a...

Hostile Takeovers Heating Up

Posted by: Jessica Silver-Greenberg on November 09, Categories:

Who said dealmaking is dead? While overall merger and acquisition activity has plummeted, there is one area of the deal market that’s abuzz with activity: the hostile takeovers, or unsolicited...

The Commercial Loan Nightmare Facing U.S. Banks

Posted by: Mara Der Hovanesian on November 05, Categories: banking

Banks are in for another ugly year in 2010. But this time the problem will be the big batch of deteriorating commercial real estate loans on their books. That's because...