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Goldman Weathers Storm, Barclays Bargain Hunts
Goldman Sachs Group Inc. (GS) and Barclays PLC (BCS) yesterday (Tuesday) continued to avert the perils posed by the economic catastrophe that has ensnared the financial sector,…
17Sep2008 | Money Morning | Comments Off | ContinuedWe Live In Interesting, Incompetent Times
Epics and Ongoing Busts in the Financial Sector
There may be a major hurricane battering the oil rigs and refineries in the Gulf of Mexico and…
16Sep2008 | Oxbury Research | Comments Off | ContinuedBuyout of Merrill and Bankruptcy of Lehman Heightens Worry of U.S. Credit Crisis Pain Still to Come
After a weekend in which the deepening U.S credit crisis sent one top investment bank to bankruptcy court and a second into the arms of…
16Sep2008 | Money Morning | Comments Off | ContinuedWith Buyout of Merrill, Bankruptcy for Lehman, Wall Street Plays “Let’s Make a Deal”
In one of its wildest and weirdest stretches ever, Wall Street entered a weekend awaiting a government bailout of Lehman Brothers Holdings Inc. (LEH) and exited…
16Sep2008 | Money Morning | Comments Off | ContinuedECB and BOE Inject Billions, Bank of China Cuts Rates as Central Banks Cope with Lehman Fallout
Central banks around the world, including the European Central Bank (ECB), the Bank of England (BOE) and the People’s Bank of China, scrambled yesterday (Monday)…
16Sep2008 | Money Morning | Comments Off | ContinuedLehman Brothers Raises Capital After $2.8 Billion Quarterly Loss
Lehman Brothers Holdings Inc. (LEH) was forced to raise fresh capital yesterday (Monday), evidence that the subprime-fueled credit crisis is still far from over.
“I am very disappointed…
10Jun2008 | Money Morning | Comments Off | Continued
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