Word: sales
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Kavanaugh, one of the few who has been able to close studio finance deals in the past few months, says he welcomes the new rules. "It's a natural equilibrium that had to happen," Kavanaugh says. "There's not a fire sale going on. Smart deals will continue to get made, with investors having a significantly better seat at the table...
...assets puts your future in doubt. The firm increasingly relied on investments in derivatives to produce profits, in essence creating a financial arms race with competitors like Goldman Sachs. Even though the Fed had set up a special borrowing program for Lehman and other investment banks after the forced sale of Bear Stearns to JPMorgan Chase in March, the market ultimately lost faith in Lehman. So out it went...
...Morgan Stanley, which Mack heads, and Goldman Sachs - the only stand-alone U.S. investment banks left after the collapse of Lehman Brothers and the sale of Merrill Lynch - saw their shares plunge by 24% and 14%, respectively. Morgan Stanley and Goldman haven't been without their problems, but they are viewed as the two most conservatively run investment banks - ones that have largely avoided the souring mortgage-related assets that have seized up the global financial system. Both firms reported better-than-expected, but by no means stellar, earnings just the night before...
...That Morgan Stanley might be up for sale had an element of surprise to it. Analysts were generally pleased with what executives at Morgan Stanley - and Goldman Sachs for that matter - had to say in recent conference calls. Glenn Schorr, a banking analyst at UBS, wrote that both firms have strong capital and liquidity positions, and they have reduced their exposure to problem assets and "priced remaining exposures at what we think are reasonable levels" and "don't have the same concentrations risk issues that the others...
...their customers and business partners. The Monetary Authority of Singapore, the city's financial regulator, stated that the financial resources of AIA currently met its requirements - an attempt to assure the public that there was no reason for panic. But after the failure of investment bank Lehman Brothers, the sale of Merrill Lynch, and the bailout of home-mortage giants Fannie Mae and Freddie Mac, hundreds of Singaporeans were taking no chances. Standing in the crowd outside AIA's offices, Karen Foo, 29, said she was only dimly aware of the underlying assets in the investment trust her insurance policy...