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| Both Sides Ready for a Court Battle Over Sallie Mae's Soured Buyout |
| Published: October 10, 2007, 12:00 am |
| Tags: Both, Sides, Ready, For, Court, Battle, Over, Sallie, Mae S, Soured, Buyout, Sallie Mae Inc, Bank Of America Corporation, Jp Morgan Chase Amp Co, Albert L Lord, George W Bush, J Christopher Flowers, Octavio Marenzi, Reston, Washington Dc |
| The gloves have come off in the fight over one of the biggest buyouts in history. |
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| 33 Firms Probed on Student Loan Tactics |
| Published: October 12, 2007, 12:00 am |
| Tags: Firms, Probed, Student, Loan, Tactics, Andrew Cuomo, Bank Of America Corporation, Jp Morgan Chase Amp Co, Wachovia Corporation, Wells Fargo Amp Company, Nelnet Inc, Cit Group Inc, Suntrust Banks Inc, Collegiate Funding Services Inc, Elite Financial Group, Keycorp |
| J.P. Morgan Chase, Bank of America and Wells Fargo are among 33 companies New York Attorney General Andrew Cuomo subpoenaed or requested documents from in a probe of deceptive tactics for marketing college loans. |
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| On and Off The Hook |
| Published: October 14, 2007, 12:00 am |
| Tags: Off, The, Hook, Bradley D Belt, Pension Benefit Guaranty Corporation, Citigroup Inc, Earl Pomeroy, United States, Jp Morgan Chase Amp Co, Wall Street, Internal Revenue Service, Bethlehem Steel Corporation, Kaiser Aluminum Corporation, Mckinsey Amp Company, Ual Corpo |
| Some financial services firms are trying to clear a regulatory path that would let them buy out pension plans, freeing employers from pension obligations while potentially giving profit-driven financiers direct control over the retirement savings of millions of Americans. |
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| Probing the Depth of the Downturn |
| Published: November 11, 2007, 12:00 am |
| Tags: Probing, The, Depth, Downturn, Ben Bernanke, Stuart Schweitzer, Cisco Systems Inc, Citigroup Inc, Dow Jones Amp Co Inc, General Motors Corporation, Jp Morgan Chase Amp Co, Moody S Corporation, Morgan Keegan Amp Co Inc, Morgan Stanley, The Home Depot Inc, The Thomson |
| NEW YORK -- The gloom is spreading. For weeks, credit worries had weighed on the stock market. Investors fled from financial shares as the nation's giant banks wrote down billions of dollars against losses from the subprime debacle. With the financial shakeout still far from over, fresh anxieties... |
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| Blackstone Reports Third-Quarter Loss |
| Published: November 13, 2007, 12:00 am |
| Tags: Blackstone, Reports, Third Quarter, Loss, The Blackstone Group Lp, Hamilton James, Citigroup Inc, Hilton Hotels Corporation, Jp Morgan Chase Amp Co, Nyse Euronext, Peter Peterson, Stephen A Schwarzman, Wall Street |
| NEW YORK, Nov. 12 -- Blackstone Group, one of the world's largest private-equity firms, reported a $113.2 million third-quarter loss Monday on charges related to its initial public offering and lower real estate fees, sending shares down more than 8 percent. |
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| Fallout From Credit Crunch Creates Another One |
| Published: November 20, 2007, 12:00 am |
| Tags: Fallout, From, Credit, Crunch, Creates, Another, One, U S Federal Reserve, Citigroup Inc, Jan Hatzius, Laurence H Meyer, Wall Street, United States, Dow Jones Amp Co Inc, Fannie Mae, Freddie Mac Holdings, Goldman Sachs Group Inc, Jp Morgan Chase Amp Co, Macroeconomic Advis |
| The credit crunch is back. After improving in September and early October, markets in a wide variety of debt -- including for home mortgages, consumer loans, and corporate buyouts -- have sharply deteriorated in recent weeks. Investors view much of this debt as riskier than they did even at the... |
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| On the Money at Treasury |
| Published: November 20, 2007, 12:00 am |
| Tags: The, Money, Treasury, Henry M Paulson, Goldman Sachs Group Inc, U S Department Of The Treasury, Jp Morgan Chase Amp Co, George W Bush, Jamie Dimon, John Snow, Treasury Undersecretary Robert Steel, China, U S Federal Reserve, United States, American Express Compan |
| When Henry M. Paulson Jr. took the helm of the Treasury Department 16 months ago, he spoke in soaring terms about shaping America's competitive destiny. At his confirmation hearing, not a single question focused on the housing market or the mortgage industry. |
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| SEC Votes to Limit Shareholder Rights |
| Published: November 29, 2007, 12:00 am |
| Tags: Sec, Votes, Limit, Shareholder, Rights, Christopher Cox, U S Securities And Exchange Commission, Bear Stearns Amp Co Inc, Jp Morgan Chase Amp Co, Ann Yerger, Annette Nazareth, Barney Frank, John Castellani, Richard Ferlauto, Roel Campos, American Federation Of State |
| Companies will be able to scuttle investor attempts to nominate board members under a plan adopted by a bitterly divided Securities and Exchange Commission yesterday. |
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| Shining a Light on Card Fees |
| Published: December 2, 2007, 12:00 am |
| Tags: Shining, Light, Card, Fees, Carl Levin, Dennis Kocik, U S Federal Reserve, Andrew Cuomo, Capitol Hill, Jonathan Orszag, Ken Clayton, American Bankers Association, Virginia, Capital One Financial Corporation, Jp Morgan Chase Amp Co, Beltsville, Benjamin Lawsky, Bill C |
| Senior Democrats on Capitol Hill want to ban excessive credit card fees. Bank regulators are on the verge of forcing companies to give more notice before raising interest rates. And New York's attorney general, whose investigations transformed the student loan industry, now has his eye on conflic... |
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| Buyout Firm Rejects Overture From Sallie Mae |
| Published: December 13, 2007, 12:00 am |
| Tags: Buyout, Firm, Rejects, Overture, From, Sallie, Mae, Sallie Mae Inc, Delaware Flowers, Bank Of America Corporation, J C Flowers Amp Co Llc, Jp Morgan Chase Amp Co, Albert L Lord, Capitol Hill, J Christopher Flowers, Reston |
| Sallie Mae's chairman yesterday said the student loan giant had offered to consider a new bid from buyout firm J.C. Flowers & Co., only to be rebuffed. |
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| Analysts Late to the Alarm |
| Published: December 13, 2007, 12:00 am |
| Tags: Analysts, Late, The, Alarm, Richard X Bove, Susan Troll, Wall Street, Andrew Wessel, Eliot Spitzer, Kent Womack, Jp Morgan Chase Amp Co, T Rowe Price Group Inc, Goldman Sachs Group Inc, Merrill Lynch Amp Co Inc, Morgan Stanley, New Century Financial Corporation, Punk |
| NEW YORK -- Throughout 2006, T. Rowe Price analyst Susan Troll watched in horror as one risky mortgage deal after another hit the market. She became alarmed by a widening trend: mortgage lenders issuing home loans of poor quality that were then packaged and sold by Wall Street investment banks to... |
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| Stocks Dive on Meager Job Gains |
| Published: January 5, 2008, 12:00 am |
| Tags: Stocks, Dive, Meager, Job, Gains, Intel Corporation, United States, Apple Inc, Dow Jones Amp Co Inc, Jp Morgan Chase Amp Co, Nollenberger Capital Partners Inc, Oppenheimer Holdings Inc, Standard Amp Poor S, Andrea Caumont, Christopher Danely, Jerry Webman, Todd Clark |
| NEW YORK, Jan. 4 -- U.S. stocks tumbled Friday after a feeble employment report heightened concerns about the outlook for a pillar of the economy -- the American consumer. |
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| Split of Brokers and Advisers Forces Customers to Choose |
| Published: January 6, 2008, 12:00 am |
| Tags: Split, Brokers, And, Advisers, Forces, Customers, Choose, Bloomberg Lp, Merrill Lynch Amp Co Inc, Salomon Smith Barney Inc, Charles Schwab Corporation, Citigroup Inc, E Trade Financial Corporation, Jp Morgan Chase Amp Co, Morgan Stanley, Td Ameritrade Holding Corp |
| The Financial Planning Association beat the stockbrokers in the name-calling contest. It sued over whether brokers could call themselves investment advisers and run your money for a fee. A federal appeals court said no. A stockbroker is a salesperson, not an adviser. If you want advice, you shoul... |
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| Fed Chief Talks of 'Decisive' Action |
| Published: January 11, 2008, 12:00 am |
| Tags: Fed, Chief, Talks, Decisive, Action, Ben Bernanke, U S Federal Reserve, American Express Company, Capital One Financial Corporation, Robert Rubin, California, Florida, Jp Morgan Chase Amp Co, Lehman Brothers Inc, Mayflower Hotel, Alice Rivlin, Bruce C Kasman, Douglas W |
| Federal Reserve Chairman Ben S. Bernanke yesterday signaled that the central bank will cut interest rates aggressively to try to prevent a serious economic downturn, using unusually direct and forceful language. |
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| Lenders to Offer Reprieves To Delinquent Borrowers |
| Published: February 13, 2008, 12:00 am |
| Tags: Lenders, Offer, Reprieves, Delinquent, Borrowers, Bank Of America Corporation, John Taylor, Citigroup Inc, Countrywide Financial Corporation, Economy Com Inc, Jp Morgan Chase Amp Co, Washington Mutual Inc, Wells Fargo Amp Company, Alex J Pollock, Christopher Dodd |
| The Bush administration and six large mortgage lenders unveiled a plan yesterday to offer some homeowners facing foreclosure 30-day reprieves to work out alternatives. |
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