Citadel’s Griffin Pledges to Pursue Investment Bank After CEO Departures

by admin on May 5, 2010

By Saijel Kishan and Pierre Paulden May 5 (Bloomberg) — Ken Griffin vowed to press ahead with his plan to graft an investment bank onto his $12 billion hedge- fund firm even though he hasn’t been able to find the right executive to run the business. “We did not embark on this initiative to be a middle-tier player,” Griffin, founder of Chicago-based Citadel Investment Group LLC, said in an internal memorandum obtained yesterday by Bloomberg News

More here:
Citadel’s Griffin Pledges to Pursue Investment Bank After CEO Departures

{ 0 comments }

Carlyle Group Debt Specialist Steve Sterling Said to Be Hired by BlackRock

by admin on April 19, 2010

By Kristen Haunss April 19 (Bloomberg) — Carlyle Group’s Steve Sterling , who headed research for the U.S. leveraged finance group, is joining BlackRock Inc. in global capital markets, according to three people familiar with the move

Originally posted here:
Carlyle Group Debt Specialist Steve Sterling Said to Be Hired by BlackRock

{ 0 comments }

Cerberus Goes to Banks for DynCorp LBO as Leveraged Loan Rally Spurs M&As

April 16, 2010

By Emre Peker April 16 (Bloomberg) — Cerberus Capital Management LP and Phillips-Van Heusen Corp. led companies this week tapping banks to finance acquisitions as high-yield, high-risk loans extend a record rally that is spurring mergers and buyouts.

Read the full article →

JPMorgan Cites `Broad-Based’ Global Economic Recovery as Profit Surges 55%

April 14, 2010

By Dawn Kopecki April 14 (Bloomberg) — JPMorgan Chase & Co.

Read the full article →

JPMorgan Net Rises 55% on Fixed Income, Provision Cut

April 14, 2010

By Dawn Kopecki April 14 (Bloomberg) — JPMorgan Chase & Co. , the second- biggest U.S. bank by assets, beat analysts’ estimates as first- quarter earnings rose 55 percent on record fixed-income trading revenue and a reduction in provisions for credit losses

Read the full article →

JPMorgan Profit Rises 55% on Trading Revenue, Beating Analysts’ Estimates

April 14, 2010

By Dawn Kopecki April 14 (Bloomberg) — JPMorgan Chase & Co. , the second- biggest U.S. bank by assets, beat analysts’ estimates as first- quarter earnings rose 55 percent on record fixed-income trading revenue and a reduction in provisions for credit losses.

Read the full article →

FDIC Selling Busted Bank Loans on Terms That Make It `Hard to Lose Money’

April 14, 2010

By Jonathan Keehner and Phil Mattingly April 14 (Bloomberg) — Starwood Capital Group LLC, Colony Capital LLC and TPG, whose leaders profited from the 1990s savings and loan crisis, are among firms buying assets from the Federal Deposit Insurance Corp. for as little as 22 cents cash on the dollar, according to data compiled by Bloomberg

Read the full article →

ABCs of Loan Sales: Getting Back to Banking

March 22, 2010

sense for banks to build loan sales into their portfolio management model.

Read the full article →

The State of Commercial Real Estate: Sternlicht and Zuckerman Have …

January 10, 2010

REIT Wrecks is a product of the mortgage maelstrom and the high yield investment opportunities it has created in REIT stocks & commercial real estate .

Read the full article →

Griffin’s Citadel Said to Debut High-Yield Loan Deal With Targa Resources

December 7, 2009

Bloomberg : By Pierre Paulden and Richard Bravo Dec. 7 (Bloomberg) — Citadel Securities is arranging its first loan for a corporate borrower as the investment banking division of Citadel Investment Group LLC builds a credit business, according to people familiar with the situation. Targa Resources Inc., a Houston-based gas-pipeline company, selected Citadel, alongside Deutsche Bank AG and Credit Suisse Group AG, to arrange credit facilities of as much as $700 million, according to the people, who declined to be identified as the loan hasn’t closed

Read the full article →

← Previous Entries