Historically a slow month for mergers and acquisitions on Wall Street, August dealmaking is at its highest level since 2000. The corporate merger machine appears…
Alibaba’s latest IPO filing is a glimpse into its future
Chinese e-commerce giant Alibaba appears to be ready for its debut. Weeks before Jack Ma’s Chinese online sales giant launches one of the most hyped…
SMALL IS BEAUTIFUL
Small-fry tech M&A is at its most frenzied since the dot-com bubble
Silicon Valley is white-hot right now. Rapidly growing tech start-ups are scoring sky-high valuations on a regular basis. The latest example is the reported $20-million…
WHOPPER RETURNS
Activist hedge fund billionaire Bill Ackman is winning, surprisingly
Wall Street observers shouldn’t be faulted for betting against Bill Ackman. After all, it hasn’t been a good few months for him. His takedown of…
CULL OF THE ELITE
The story behind the shrinking ranks of Goldman partners
It’s one of the most exclusive and coveted clubs in banking, and admission is getting even harder. The Wall Street Journal reports that Goldman Sachs…
BANKING BONDS
Global bank bond offerings are at their highest levels since 2009
Large financial institutions such as Bank of America are increasingly loading up on bonds to fund themselves. As it stands now, banks globally have sold…
PAYMENT PLAN
Eager to subsidize Bank of America’s massive $17 billion settlement? Here’s your chance
Bank of America isn’t digging too deep to into its pocket to cover its new, $17 billion legal tab. Hours after the bank made its…
BROKEN RECORD
The market thinks Bank of America’s mortgage nightmare is almost over
Is the worst behind Bank of America? Its shareholders seem to think so. The bank’s stock is up nearly 2% today, after it announced a…
NEW SUIT
No, the US government hasn’t forgotten about Countrywide founder Angelo Mozilo
It turns out Angelo Mozilo is not yet in the clear with the US government, which reportedly is preparing a new lawsuit against the architect…
CUE THE VIOLINS
The wallets of London’s hedge fund stars have gotten decidedly lighter
The hedge fund high life is not what it used to be in London. That’s the takeaway from hedge fund research firm Emolument.com, which tells…
FRESH HEIR
Bank of America’s highest paid executive looks one step closer to running the firm
He’s the Wall Street honcho eyeing Brian Moynihan’s CEO suite. Thomas Montag, a 57-year-old former Goldman Sachs partner, is set to be named the sole…
Yet another area where Wall Street is losing ground to Silicon Valley
Wall Street bankers have been getting short shrift in Silicon Valley lately. Tech titans are relying far less on highly-compensated bankers to engineer mergers and…
