Babcock and Brown — once a strapping, cocksure investment bank — has been reduced to a withered wreck, writes Adam Schwab.
Investment banks
JP Morgan’s lawyers cost them $1.8 billion
JP Morgan’s increased bid for Bear Stearn is believed to have been spurred by a legal blunder, writes Adam Schwab.
Christmas cheer short on Wall Street
There is a lot of nervousness around many US investment banks in the run-up to the only reason any one puts up with the hours, the pressure, the compliance and a lack of time with your family – bonus time, writes Matt Marks.
Fed cut to restore confidence as Northern Rock crumbles
The US Federal Reserve is now very likely to cut its key interest rate by 0.5% in an effort to show US financial markets it is alert to the spreading loss of confidence.
