Category: investment banks

Give John Mack a Hand

Posted by: Matthew Goldstein on April 22

Sure, Morgan Stanley’s worse-than-expected first quarter loss of $177 million is nothing to cheer about. And investors, in early trading, are beating up on the stock, pushing shares down 7%….

Blankfein’s Led Zep Moment

Posted by: Matthew Goldstein on April 21

We’re not sure if Goldman Sachs (GS) CEO Lloyd Blankfein is a big Led Zeppelin fan. But the investment firm’s first quarter earnings release got us thinking about the British…

Nice Check If You Can Get It

Posted by: Adrienne Carter on April 16

Goldman Sachs CEO Lloyd Blankfein doesn’t want to be under the thumb of the government anymore. Given the huge jump in pay at the investment bank, it’s understandable why he’s…

London Calling

Posted by: Matthew Goldstein on March 23

The Lehman Brothers bankruptcy could do lasting harm to London’s brokerage houses unless the United Kingdom revamps its insolvency procedures. When Lehman filed for bankruptcy last September, scores of hedge…

IRS Gives Goldman a Bear Hug

Posted by: Matthew Goldstein on March 18

It doesn’t rank as high on the outrage-o-meter as those AIG bonuses, but a group of investment funds managed by Goldman Sachs appear to owe more than $80,000 to the…

Marsal’s Hammer

Posted by: Matthew Goldstein on February 27

It sounds like one of those bad credit card deals. But believe it or not, Lehman Brothers is charging some of its former trading partners 16% interest for failing to…

Bank of America…or Chaotica? (BAC)

Posted by: Roben Farzad on February 04

hearing that prized talent is getting out of Dodge, the better to accelerate deferred compensation — particularly as Washington regulates Wall Street pay.

Lehman Bank, Chpt. 2

Posted by: Matthew Goldstein on February 04

Lehman Brothers Bank, the small savings and loan operated by the bankrupt investment firm, is still open for business. But bank regulators have put some shackles around the tiny institution….

Deutsche Kicks the Grim Reaper

Posted by: Matthew Goldstein on January 30

It wasn’t too long ago, that all of Wall Street was angling to get involved with life settlements—the business of selling unwanted life insurance policies to speculators. Deutsche Bank was…

Lehman vs. Lehman

Posted by: Matthew Goldstein on January 30

In a bankruptcy dispute that may be best settled in divorce court, the biggest creditor claim to date in the Lehman Brothers bankruptcy case comes from a corporate cousin of…

Tone Deaf on Wall Street

Posted by: Matthew Goldstein on January 30

Huge bonuses. Corporate jets. Corporate retreats. Office upgrades. These are all some of the excesses that Wall Street executives have shown an unwillingness to give up, even as their firms…

Last Summer’s Missed Opportunity

Posted by: Matthew Goldstein on January 29

With the Obama administration busy working on a new plan for bailing out the nation’s crumbling banking system, one can only wonder whether government policy makers missed an opportunity nearly…

Welcome: We’re Open for Business

Posted by: Matthew Goldstein on January 29

Welcome to our new BusinessWeek blog—Unstructured Finance. Yeah. Yeah. I know what you’re thinking: “Who needs another blog; let alone one about something as discredited as finance.’’ But finance isn’t…