Legg Mason's Bill Miller may have lost 20 percent of his investment in bitcoin, but he's still bullish on its potential.» Read More
Investors in $5 billion of commercial paper, or short-term debt, from KKR Financial Holdings have hired a bankruptcy lawyer to advise them on a request to delay repayment, the Wall Street Journal reports.
Private equity is all the rage -- and while financial services companies typically have been shielded from such deals, that is beginning to change. KBW, a boutique investment bank specializing in financial services companies, recently penned a report that revealed possible private equity targets.
As the bulls and bears fight it out on Wall Street, analysts say investors would be wise to look for value beyond the fray.
Not sure what to do with your money right now? On today’s “Street Signs” CNBC’s Erin Burnett asked someone who has nearly $1 trillion in assets. In a rare interview - Chip Mason, the Chairman, CEO and Co-Founder of Legg Mason, offered his advice. Mason said, "In my view most things are inline for higher market prices next year....