NEW YORK (Reuters) - For investment bankers who arrange the sale of stocks and bonds, 2008 was a year to forget, and the new year may not bring instant relief.
JPMorgan Chase & Co (JPM.N) was the world’s largest underwriter in 2008 as measured by issuance volume, helped by its acquisition of Bear Stearns Cos, according to Thomson Reuters data released on Wednesday.
JPMorgan Top Underwriter of 2008
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Will Univision Be Among the Media Industry’s Next Victims?
NEW YORK (Hollywood Reporter) - Media giant Tribune recently filed for Chapter 11 bankruptcy protection and Sumner Redstone’s National Amusements theater chain violated a debt covenant. The moves beg the question: Who, if anyone, could be next in the broader media and entertainment industry?
The global financial crisis has made debt harder to access and more expensive, leaving Wall Street wondering who might run into trouble — and even file for bankruptcy — in 2009.
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Consumer confidence and home prices hit grim records (Reuters)
Reuters - The U.S. economy continued its run of record-breaking dismal data Tuesday, with consumer confidence and home prices registering a pair of grim milestones.
Read more »GMAC plans to release results of debt swap soon (Reuters)
Reuters - GMAC LLC expects to soon announce the results of a debt exchange offer that is key to North America's largest auto finance company's capital levels, a spokeswoman said on Sunday.
Read more »St. Lawrence Energy Corp. Announces Funding Negotiations With Major Investment Banking Firm (Business Wire)
PALO ALTO, Calif.----St. Lawrence Energy Corp., a reusable energy and technology company, announced today that it is seeking funding through a major investment banking firm. This funding will be used to finance the operations and the R&D efforts with NASA. âIt is now exciting to see interest from the investment banking sector, as we accelerate our movement to become a fully operating company in the alternative energy and technology market.
Read more »Bankruptcy judge approves Circuit City financing (AP)
AP - Circuit City Stores Inc. on Monday received final approval for $1.1 billion in financing to keep operating while the nation's second-biggest electronics retailer is in Chapter 11 bankruptcy protection.
Read more »Fed updates $200B consumer loan program (AP)
AP - The Federal Reserve on Friday said a new program aimed at bolstering the availability of consumer loans will require companies to put up collateral to participate, but will offer longer terms on loans that are approved.
Read more »Goldman Far Outperforms Morgan Stanley in 2008 - Moody's
It hasn’t been a good week for investment banks turned bank holding companies Goldman Sachs Group (NYSE:GS) and Morgan Stanley (NYSE:MS).
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Annapolis Bancorp, Inc. Receives Approval for $8 Million From the U.S. Treasury Department Capital Purchase Program (Business Wi
ANNAPOLIS, Md.----Annapolis Bancorp, Inc. , parent company of BankAnnapolis, today announced that it has received preliminary approval to participate in the U.S. Department of the Treasury Capital Purchase Program.
Read more »Alan Greenspan, Perennial Optimist
Alan Greenspan has a solution to the economic crisis: a rising stock market!
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