Author: John Carney

The Bank of Greece is due to update its website any day now with an Excel spreadsheet revealing the aggregate balance sheets of Greece's monetary and financial institutions. It will be the clearest indicator yet of the health — or lack thereof — of Greece's banking system.   Read More

Markets in Europe surprised many by rallying despite bad economic news and gloom over Greece. Unconfirmed talk about central bank intervention may be behind the rally.     Read More

Goldman has recently let a few employees go for taking jobs at private equity and hedge funds, set to start after their Goldman contracts expired.   Read More

An analyst report describes the shares as a "buy." And there is a lot of chatter in the market that underwriters may step in to support the stock to keep it above $30.    Read More

It’s possible that the underwriters’ analysts never were tipped off about any non-public information. Maybe they just all came to the same conclusion based on changes in the publicly filed IPO materials. But the only way to know for sure is for the SEC to investigate the matter.   Read More

A few years ago, investor expectations of bank earnings were said to be “at rock bottom.” Bank analysts and journalists explained that the banks would report a “kitchen sink” quarter, in which they would take heavy losses and start “laying the groundwork for a strong recovery." That was 2007.   Read More

Last Wednesday, J.C. Penney shares plunged nearly 20 percent—the worst decline ever for the retailer’s stock. The very same day, Bill Ackman, founder of Pershing Square Capital Management, gave a spirited defense of the company at the Ira Sohn conference.    Read More

Kyle Bass may be one of the best-known hedge-fund investors in the world. His bets against subprime made him wealthy, and as close as you can come to being a celebrity while managing a hedge fund. These days, he is probably best known for his prediction that Japan is headed for a “bond crisis.”   Read More

In many of the recent tech IPOs, we’ve seen disastrous pricing. Some companies have been priced so cheaply that the founders and venture capitalists wound up leaving millions on the table while Wall Street pocketed it. Facebook avoided this fate.   Read More

Treasury Secretary Tim Geithner appeared on PBS NewsHour Thursday night. Jeffrey Brown asked him whether JPMorgan Chase spacer CEO Jamie Dimon should resign from the board of the Fed.  Here’s the answer.   Read More