Morgan Stanley is the most recent bank to join the conga-line of Wall Street money losers. But the Board has left CEO John Mack in place. Adam Schwab asks why.
Jim chanos
Ratings agencies asleep at the wheel over sub-prime crisis
Aside from banks such as Citigroup, Merrill Lynch and UBS (who between them have dropped more than US$30 billion and counting), some of the biggest victims of the sub-prime credit crunch have been the reputations of ratings agencies, writes Adam Schwab.
Everyone unloads on Macquarie, stock keeps recovering
Macquarie Bank shares soared today despite supposedly influential US stock picker Jim Cramer devoting his entire 6-minute sell segment on CNBC last Friday to the Millionaire Factory.
World’s leading business rag slams “rapacious” MacBank
MacBank chiefs, Allan Moss and Nicholas Moore, probably won’t be too unhappy with the long-awaited Bethany McLean article in Fortune. McLean certainly doesn’t portray Macquarie in a glowing light, but she failed to provide any new damming evidence as to the sustainability of the “Macquarie Model”.
