Deep recession fears thrash Asia stocks
Reuters – Asian stocks plummeted, led by an 11 percent drop on Japan’s Nikkei, and oil prices dropped to a one-year low on Thursday as fears grew of a more protracted and sharp global slowdown than...
View ArticleBuyout, Hedge Funds Will Be Next Dominos to Drop: Matthew Lynn
Bloomberg – If Sherlock Holmes were analyzing the credit crunch, he would be drawing our attention to the dog that didn’t bark, just as he did in “The Hound of the Baskervilles.” The dog, of course,...
View ArticleSettling down
Times of Malta – The situation in the international financial markets, although still displaying signs of uncertainty, seems to be settling down. Governments in the major economies, US, UK, Germany,...
View ArticleJC Flowers, others close to IndyMac deal
Reuters – A consortium of private equity and hedge fund firms, including J.C. Flowers & Co, is close to a deal to buy the assets of failed mortgage lender IndyMac, a source familiar with the matter...
View ArticleHedge Funds in Talks to Purchase Failed Mortgage Lender IndyMac
New York (HedgeCo.Net) – Several hedge fund firms led by J.C. Flowers & Co., are closing in on a deal to purchase the assets of IndyMac, the failed mortgage lender, as of Sunday. The group of...
View ArticlePaulson Pockets Big Bucks on Short Sale
New York (HedgeCo.Net) – Billionaire and hedge fund manager extraordinaire John Paulson has reportedly pocketed $139 million by betting against the Royal Bank of Scotland, further fueling cynicism that...
View ArticleFSA faces multimillion claim for failing to stop Terry Freeman trading
Times Online – The Financial Services Authority is facing a multimillion-pound compensation claim from a group of investors who say that the City watchdog failed to stop the activities of a suspected...
View ArticlePaulson mulls CIT-IndyMac merger: report
Reuters – Hedge fund manager John Paulson is considering merging troubled U.S. finance company CIT Group Inc with failed mortgage lender IndyMac Federal Bank, the New York Post said, citing people...
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