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Bear Stearns

Banks will have to accept lower profits, finance watchdog warns

Banks will be forced to accept lower levels of profit as controls on their debt-fuelled expansion are tightened up to prevent a re-run of the current crisis, the international body responsible for global financial stability has...

For legions of lawyers, bad markets are good business

By TONY PUGH - As the corporate victims continue to pile up in Wall Street's great financial collapse, that flapping noise coming from the skies over Manhattan isn't the pigeons circling, it's the vultures. The Akin Gump firm...

Bankruptcy financing gets pricier and more elusive

NEW YORK (Reuters) - Financing is getting pricier and more elusive for companies that file for bankruptcy. Debtor-in-possession - or DIP - financing is the fuel that keeps companies going through bankruptcy, allowing them to...

Angry author forecast the meltdown

To become a member of The Color of Money Book Club, all you have to do is read the recommended book. Join Michelle Singletary and author Gary Weiss online to chat about the book at noon Oct. 23 at www.washingtonpost.com. For a...

Finance students keep their job hopes alive

For students in the United States who set their sights on Wall Street during the boom years, the end has come just as they are getting ready to join the party. "Jobs are being taken down by the day on our career services Web...

Paulson's Plan - Is it Right For America?

vehemently espouse it. Here is my take on how we got to this situation and why America should adopt Paulson’s Plan. The present mortgage market crisis was created when interest rates fell in 2002 and made mortgages affordable...

Understanding liquidity crunch

D. Murali Chennai: What is ‘liquidity crunch’ that is in great focus these days? “Liquidity crunch is a situation where it becomes considerably difficult (and expensive) to raise funds for banks as well as for businesses,”...

Morgan Stanley not another Lehman: Investors

NEW YORK: For US authorities watching from the sidelines as Morgan Stanley struggles with doubts about its survival, letting the investment bank fail is not really an option. While near panic about the No 2 independent...

Looking at markets in a new light

What if everything we know is wrong? Traditional Wall Street is gone, and the financial system will be changed fundamentally in the aftermath. In this case, individual investors may not have understood what Wall Street bankers...

One Financial Doomsayer Sees More Doom Ahead

5 mins ago

ILLUSTRATION FOR TIME BY ASAF HANUKA If you had invested $1 million in Andrew Weiss' hedge fund when he opened it in 1991, your stake would now be worth $14 million. But it's not just these stellar returns that have made Weiss...

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