May 24, 2012 | Daily Business Review
Facebook IPO concern grows as Morgan Stanley defends roleThe anticipation that preceded history's biggest technology IPO has been replaced by investor ire, including about whether the offer was priced too high.
By Lee Spears and Michael J. Moore Bloomberg News
5 minute read
November 10, 2009 | Daily Report Online
Top 3 TARP banks to dole out $29B in bonusesGoldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase Co.'s investment bank, survivors of the worst financial crisis since the Great Depression, are set to pay record bonuses this year. The firms-the three biggest banks to exit the Troubled Asset Relief Program-will hand out $29.7 billion in bonuses, according to analysts' estimates.
By Michael J. Moore and Ian Katz
11 minute read
March 17, 2010 | Daily Report Online
Goldman demands risks but won't take anyGoldman Sachs Group Inc. and JPMorgan Chase Co., two of the biggest traders of over-the-counter derivatives, are exploiting their growing clout in that market to secure cheap funding in addition to billions in revenue from the business. Both New York-based banks are demanding unequal arrangements with hedge-fund firms, forcing them to post more cash collateral to offset risks on trades while putting up less on their own wagers.
By Michael J. Moore and Christine Harper
8 minute read
December 16, 2009 | Daily Report Online
Bankers move to dilute overhaul at SenateFour Wall Street lobbyists and about a dozen lawmakers huddled over eggs and bacon at Tortilla Coast restaurant on Capitol Hill on Dec. 2 to discuss legislation aimed at strengthening bank regulation. The meeting between fiscally conservative House Democrats and lobbyists for the largest U.S. financial firms turned tense, with a lot of finger-pointing, recalled one attendee.
By Alison Vekshin and Michael J. Moore
12 minute read
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