Like chocolate soldiers
Say hello to the ‘market dislocation vehicle’
Aug 30 16:29
by Paul Murphy
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(1 comment)
Blindingly obvious, really - Wall Street’s having a sale of returned/shop-soiled stock.
Or, more precisely, investment banks are following the lead of some private equity funds in launching fresh funds to buy leveraged loans that are trading at depressed prices in the secondary market.
Who’s afraid of the big bad banks? Everyone.
Aug 30 16:26
by Sam Jones
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The much whispered-about Lehman Brothers have some harsh words for their detractors: the investment bank today downgraded the outlook for four of their Wall Street stablemates.
Lehman downgraded third and fourth quarter earnings as well as the 2008 outlook for Morgan Stanley,
Like chocolate soldiers - structured credit bankers can’t take the heat
Aug 30 15:23
by Helen Thomas
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We worry that just as we’re getting slowly to grips with the acronym-rich world of structured credit, the people in charge of creating the stuff are all leaving their respective organisations.
The hunt is still on for the last bankers to take their P45s and exit the structured product scene.