Hints and tips:
...One evening in March 1987 they happened to be booked on the same flight from Washington to New York, so they had dinner together. It proved pivotal....
...Idexx said in October that the animal health market had experienced a “V-shaped recovery”....
...Other poor investments in TPG V include Washington Mutual, and the former TXU, now renamed Energy Future Holdings, the largest buyout ever, which filed for bankruptcy protection in April....
...(Financial Times) Citic “has bought a stake in U.S. brokerage firm BTIG LLC, the company’s latest move to grow outside of China through buying a holding in a Western investment firm....
...JPMorgan Chase, for example has ballooned, boasting assets of $2.4tn following organic growth and crisis-triggered acquisitions of Bear Stearns and Washington Mutual, compared with only $1.6tn in 2007....
...of agency brokerages....
...The twin takeovers of the Wall Street firm Bear Stearns in March 2008 and Washington Mutual, a regional lender, almost exactly two years ago, plugged crucial gaps in JPMorgan’s strategy and consolidated...
...MF Global Holdings took another step in its transformation from derivatives brokerage to full-service investment bank, agreeing to buy a US investment research group that focuses on public policy....
...Stanley into Fed- protected bank- holding companies •pleaded with Congress to give the Treasury $700 billion to prevent catastrophe, a request that ultimately led to a Republican administration taking...
...Credit card loans originated by Washington Mutual, the troubled bank bought by JPMorgan Chase last September, are defaulting at a staggering rate of 24 per cent....
...Washington Mutual , which has sustained heavy losses in recent sessions, lost 3.5 per cent on Friday to $2.73 even after the lender said it would set aside less for bad loans in the third quarter....
...Mutual and AIG....
...The so-called bad bank plan presented by Hank Paulson, US Treasury secretary, could make it easier to find a buyer for Washington Mutual, the troubled regional lender....
...“We may have one day of euphoria but when we come in tomorrow morning, we’re going to know that Washington Mutual is still under stress, Lehman, regional banks, all these other issues still remain,” Mr Kraft...
...Some experts even expect regulators to relax accounting rules that discourage takeovers of troubled institutions to facilitate, say, a purchase of ailing Washington Mutual by either Goldman Sachs or Morgan...
...Washington Mutual jumped 25.5 per cent to $4.53, First Horizon added 26.5 per cent to $7.45 and Lehman Brothers climbed 25.9 per cent to $16.65....
...Washington Mutual was the biggest faller, down 34.7 per cent to $3.23. The larger banks and brokerages came under fire....
...A UBS note suggesting Washington Mutual would suffer $21.7bn in mortgage losses through 2011 crushed the banks’ share price, while earnings downgrades for Fifth Third Bancorp and KeyCorp weighed on their...
...Washington Mutual, the largest US savings and loan, rose 4.2 per cent to $12.13....
...He has made an approach to Washington Mutual, one of the largest US regional banks, but had his offer dismissed as too low....
...Countrywide Financial fell 6.4 per cent to $5.12 after the mortgage lender said foreclosure rates and delinquencies continued to soar.Washington Mutual fell 3.1 per cent to $12.34....
...Among the fallers, Fortis dropped 4.4 per cent, Washington Mutual lost 7.4 per cent and Citigroup closed 2 per cent down after rallying from earlier losses....
...● Washington Mutual, the biggest US savings and loan firm, reported its first quarterly loss since 1997 after writing down the value of its home mortgage unit and setting aside $1.5bn to cover bad loans...
...To keep up with the competition - which includes dominant players such as JP Morgan Chase and Citigroup as well as other big institutions such as HSBC, the British bank, Commerce Bank, Washington Mutual...
...But middle-class voters who own stocks are most likely to do so through mutual funds and 401k company pension plans, rather than through direct stock holdings....
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