Is Goldman And Morgan On Right Track ?
Goldman Sachs Group Inc. and Morgan Stanley have transformed themselves into bank holding companies. The change in status allows the last two major independent investment banks on Wall Street to take advantage of different accounting rules, gives them more access to federal funds and buys them time to stabilize their funding base by acquiring deposits. [...]
Short Attack: Lehman Dead Duck
Major U.S. stock indexes turned higher in afternoon trading Thursday afternoon, in an excessively volatile session focused on Lehman Brothers (LEH) fight for survival, and trader attacks on Merrill Lynch (MER) and Washington Mutual (WM). Indexes turned higher amid market buzz that troubled investment bank Lehman, which is fighting for survival, is looking for a [...]
The Lehman Story: Are They Off The Hook ?
Lehman Brothers tried to bolster investor confidence by releasing quarterly results and announcing measures to keep the firm afloat. A day after trouble for investment bank Lehman Brothers (LEH) started a broad stock sell-off, major stock indexes opened higher Wednesday when Lehman made a series of surprise announcements designed to bolster investor confidence. On Tuesday, [...]