Browsing Tag

banks

Lawsuits will increase

I caught a blog entry on naked capitalism that reminds me of the impending wave of lawsuits associated with the credit crunch. It seems that investment banks were peddling auction rate securities to retail investors while warning the…

Fifth Third looking to sell assets

Troubled regional Financial Fifth Third is looking to sell assets along with cutting its dividend and raising capital in order to shore up its balance sheet. The company announced it was looking into asset sales when it announced its…

Countrywide: California sues too

The suits are piling up. Angelo Mozilo is looking like the new Ken Lay for Washington.California's attorney general has filed a civil lawsuit alleging that Countrywide Financial Corp. engaged in deceptive advertising and unfair…

Banks: are mergers in the offing?

Wachovia has hired Goldman Sachs and UBS has hired Wachovia to help each with a 'strategic review.' For those in the financial services business, strategic review always means 'merger options'.Lazard has almost no business except its…

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More