An award-winning journalist and New York Times best-selling author, David Faber is a co-anchor of CNBC's "Squawk on the Street" (M-F: 9 a.m.-12 p.m. ET) and an anchor and co-producer of CNBC's acclaimed original documentaries and long-form programming.
During the day, Faber breaks news and provides in-depth analysis on a range of business topics during the "Faber Report." In his 20 years with CNBC, Faber has broken many big financial stories including the massive fraud at WorldCom, the bailout of the hedge fund Long Term Capital Management and Rupert Murdoch's unsolicited bid for Dow Jones.
Faber has reported ten documentaries for CNBC for which he has received Loeb, Emmy, Peabody and duPont awards.
His book, "The Faber Report," was published by Little, Brown in spring 2002; his second book, "And Then the Roof Caved In," was published in the summer of 2009 by John Wiley.
He holds a bachelor's degree in English from Tufts University.
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In answers to questions about the deal in the days following its announcement, Lewis defended the price BofA agreed to by saying the firm viewed Merrill as a world class asset that competitors might try to swoop in and buy and so BofA needed to pay a sufficient price to lock it up.
The SEC charged Angelo Mozilo, the former chairman and CEO of Countrywide Financial, with insider trading.
I find myself wondering, based on the evidence the SEC is offering up in its complaint, whether the agency is poised to come after many other firms that failed to alert their shareholders to the risks they were taking in the mortgage market.
With all the attention on the big banks and the tens of billions in new capital those banks have been able to raise over these last few weeks, it’s easy to miss the fact that companies from a diverse group of industries and with a diverse group of credit ratings have also plunged into the debt and equity markets.
It’s not often we get detailed data on the world of private equity. Other than SEC filings from Blackstone little information makes its way into the public realm. That’s why this weekend’s “update” from the private equity giant KKR provides an interesting window into the struggles that have hit the once mighty firms of private equity.
With its shares up almost 20% from where it priced its massive offering of stock late yesterday, hedge funds that got sizeable allocations of Bank of America shares are crowing, while many accounts that got cut back severely on their requests are cursing.
I know everyone is getting all hot and bothered about Microsoft’s $3.75 billion debt deal, speculating it is a forerunner to a coming acquisition by the software giant. But based on what I’m hearing, investors bracing for a big deal in the near term can relax.
I’ve finally decided to join journalism of the 21st century. Welcome to my blog! I prefer to think of it as an on-line column. A chance for me to share insights that are informed by my more than 22 years of covering the world of business.