Zachery Kouwe
The Archive
GETTING FULD TO FOLD: LEHMAN PROBE STARTS
October 17, 2008 | 8:39amProsecutors have subpoenaed a dozen Lehman Brothers executives, including CEO Dick Fuld, in connection with three grand jury probes into the bankruptcy of the storied Wall Street firm. At a...
CREDIT MARTS THAW
October 15, 2008 | 5:00amFrozen credit markets eased slightly as investors braced for the money to begin flowing from the federal government's new multi-faceted plan to stabilize the nation's financial markets. The amount that...
PAPER CUTS: LOANS FROZEN
October 11, 2008 | 8:33amThe commercial paper market, used by companies to finance payroll and other daily expenses, is still largely frozen despite upbeat comments yesterday from General Electric chief Jeffrey Immelt. Commercial paper...
'GRAND' PLAN IN WORKS
October 9, 2008 | 8:31amThe legal battle over the fate of struggling banking giant Wachovia was suspended until tomorrow as a "grand solution" was being hammered out between rival suitors Citigroup and Wells Fargo....
CREDIT MARKET ANSWER
October 8, 2008 | 8:34amIn an effort to bring some degree of safety to the $60 trillion credit default swaps market, futures giant CME Group and hedge fund Citadel plan to launch an electronic...
FINGERPOINTING AMID THE WRECKAGE
October 7, 2008 | 5:32amAs Sheila Bair, chairman of the Federal Deposit Insurance Corp., spoke at a luncheon in Washington yesterday, questions swirled about her agency's role in sparking the legal brouhaha over the...
CITIFARGOVIA TALKS
October 6, 2008 | 7:56amCitigroup and Wells Fargo maneuvered through New York state and federal courts yesterday in their pursuit of Wachovia, while at the same time negotiating to carve up the troubled North...
IT'S BANK ROBBERY
October 4, 2008 | 8:34amCitigroup boss Vikram Pandit has been left standing at the altar. After Pandit struck what seemed like a good deal, to buy Wachovia's banking assets for about $2.16 billion with...
LEHMAN'S P.R. FIRM IS OWED $400,000
October 3, 2008 | 8:40amThe Lehman Brothers bankruptcy has not only ensnared some of the world's largest financial institutions, it is also causing problems for Wall Street public-relations legend Gershon Kekst. Kekst, a longtime...
CHEMICAL REACTION
October 1, 2008 | 7:38amBillionaire Leon Black's experiment with the chemical industry seems to have blown up in his face. After months of fighting, the co-founder of private-equity giant Apollo Management was handed a...
LBO FIRMS GET LEHMAN JEWEL
September 30, 2008 | 8:03amThe $2.15 billion takeover of Lehman Brothers' Neuberger Berman unit paves the way for a future public offering of the money-management firm - an outcome that could be a windfall...
CASH TENDER OFFER EXTENDED BY AMI
September 27, 2008 | 8:29amBeleaguered magazine publisher American Media has extended the deadline for investors to support CEO David Pecker's new restructuring package amid opposition from a group of bondholders. The publisher of the...
CAPITOL WAMU-VE
September 26, 2008 | 7:42amJPMorgan Chase boss Jamie Dimon scored again last night, buying beleaguered thrift Washington Mutual for $1.9 billion in a government-orchestrated takeover of what is the largest banking failure in US...
CAPITOL WAMU-VE
September 26, 2008 | 12:30amJPMorgan Chase boss Jamie Dimon won his bid for beleaguered banking giant Washington Mutual in a takeover orchestrated by the federal government that represents the largest banking failure in history....
WHAMMED BY WAMU
September 25, 2008 | 8:08amDavid Bonderman must be steaming. In less than six months, the billionaire co-founder of TPG Capital has watched his firm's $2 billion investment in Washington Mutual steadily dwindle. WaMu is...
PROVIDENCE FOR GAHAN
September 25, 2008 | 8:08amTommy Gahan, the Long Island native who helped build Deutsche Bank's securities business in the US, has joined media-focused Providence Equity Partners to run its new capital markets division. Gahan...
WAMU COURTING BUYERS
September 23, 2008 | 7:49amWashington Mutual continued discussions with several potential bidders yesterday as the nation's largest savings and loan works to find a solution to a looming cash crunch, according to sources familiar...
WAMU SUITORS LOOK AT BOOKS
September 20, 2008 | 7:26amPotential buyers of Washington Mutual continued to examine the company's books yesterday, but a takeover of the nation's largest savings and loan was far from certain despite a number of...
FUNDS FLEE MORGAN, GOLDMAN FOR JPMORGAN
September 19, 2008 | 8:31amScore another one for Jamie Dimon. The JPMorgan Chase CEO is seeing the coffers of the bank he runs being filled with "billions of dollars a day" coming from hedge...
SEC DEPLOYS RESTRICTIONS ON SHORT-SELLERS
September 18, 2008 | 8:06amThe Securities and Exchange Commission met last night in emergency session to consider requiring hedge funds to disclose their short positions and institutional traders to secure their records in anticipation...