Sears has announced plans to raise a total of just over $2 billion this year and this is the third time in two months that Chief Executive Eddie Lampert, whose interests will take up their rights, has agreed to pump funds into the retailer. Lampert and his hedge fund, ESL Investments Inc, and affiliated funds together own 48.5 percent of Sears. Sears said this month...» Read More
Efforts to close the tax-rate loophole that private equity and hedge funds pay on profits seems to be heating up. Are lawmakers taking a second look?
After three entire days, the Republicans finally relented Wednesday after reducing bailout language in the current Dodd bill, but the debate and amendment process is just beginning.
Hedge funds have been attracting inflows from yield-hungry investors eager for seemingly guaranteed superior returns. But there are a few things that investors should know before giving hedge funds a try, said Niall Gannon, director of wealth management at Gannon Group at Morgan Stanley Smith Barney.
Every now and then an idea takes hold that is, conceptually, so elegant and alluring as to be nearly irresistible. Resolution authority – like the call of the Sirens – has enchanted every US official who was in a decision-making capacity during the financial crisis.
Goldman is in talks over a potential settlement with an investor that claims that it lost money and went out of business after buying into a $1 billion mortgage-backed security, the FT reports.
Sen. Claire McCaskill called Goldman Sachs "the bookie" in selling synthetic CDOs. Now, real bookies are putting odds on what happens next to the Wall Street giant.
The job of a market maker is to determine a price at which the trader is willing to buy a particular product AND a price at which that same trader will sell that same product at the same moment in time. Yes – a market maker will give you a price to buy, or sell – and they are generally indifferent to what you do, they just want you to do business.
When housing went from boom to bust, mortgages (especially subprime and Alt-A loans) were at the center of the economic crisis. And the term 'toxic asset' was born.
I'm outraged, like most, that a culture of excess has crippled the US economic system. Honest people got the short end of the stick and something needs to change. We need more transparency from Wall Street and there should be a level playing field for all investors.
Watching the Senate hearings on Goldman Sachs is both educational and entertaining. I call it a "rumble" for rich white guys.
Step back for a moment and imagine that your company is in Goldman's position right now: Universally reviled; Accused of betting against not only its own customers but the entire economic wellbeing of the country; At the center of an international political storm (one example: the bank has become a talking point in the UK general election); So unpopular that you can't find political support even among the most pro-business members of the opposition.
As Goldman Sachs faced investigation and Democrats and Republicans battle over financial regulation in the house it appears hedge funds are thriving despite the threat of more stringent rules.
The bailout of Greece has stirred ferocious debate and fallout in Germany, which has an election shortly.
As I’ve told readers of my Wall Street newsletter, Wall Street and Washington are as connected as strongly as I’ve ever seen them in my 20 years covering financial news, due in large measure to the cries for financial reform in the wake of the recent crisis.
Investors, take note: Bears have motives just as bulls do.
Goldman Sachs this last Friday was shocked to find themselves at the end of litigation from the SEC that they had misled investors about complex securities sold to investors.
A seasoned hedge fund manager told CNBC Thursday that he expects to see more actions like those of the securities-fraud charges against Goldman Sachs.
Billionaire hedge fund manager John Paulson has received quite a bit of press lately arising from his involvement in Goldman’s 2007 Abacus deal which netted him a king's ransom of $1 billion.
ACA, the main investor in a failed mortgage-securities deal that prompted fraud charges against Goldman Sachs, appears to have caused some of the $1 billion loss itself, CNBC has learned.
President Barack Obama told CNBC Wednesday that there was no connection between the White House’s push for financial reform on Wall Street and the civil fraud charges filed against Goldman Sachs spacer on Friday.
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An uptick in borrowing has come from high net-worth clients in brokerages, not from the consumer banks.
Wage growth in the U.S. has been flat for decades, providing an ugly counterweight to an ostensibly improving part of the economy.
Pimco disputed the Vanguard founder for asserting that index investing was as preferable on fixed income as it is in equities.