If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Realty Check - Second Liens Forgiven: Are You Kidding Me?
Accrued Interest - General Electric: Kobayashi Maru
The Big Picture - Cost Concerns
Deal Journal - Mortgages: Waiting for the Other Credit Shoe to Drop
Infectious Greed - Bullish Data/News Only
Today’s Business Press - “It’s Like an Unending Nightmare”
Financial Times - HSBC unit ‘destroyed’ $10bn
Naked Capitalism - AIG Restructuring Leaving Best Bits to AIG, Not US Taxpayer
Huffington Post - Fannie and Freddie Will Likely Never Return To Private Hands
The UK-based bank announced a flurry of changes to its business in the States. HSBC announced 6,100 job cuts, raising $18 billion in new capital, and pulling out of consumer lending in the United States.
The company is most notorious for its purchase of Household International, one of America’s most prolific subprime lenders. In addition [...]
Will a majority stake in Morgan Stanley be sold to China? Brad Setser from the Council of Foriegn Relations weighs in on a report from Reuters about how such a deal between the China Investment Corporation may look.
Reuters is reporting that Morgan Stanley has approached the China Investment Corporation (CIC) for additional capital; it isn?t [...]
I don’t know how many times I can use the word suitor on this blog but as the rumors swhirl and the Wall Street giants teeter on the brink of extinction suitor is probably the best description of the remaining big depositories who are poking around to see if any potential brides have a limited [...]
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