REVEALED: Who’s on Timothy Geithner’s speed dial?The AP has obtained seven months of US Treasury Secretary Timothy Geithner’s appointment records, finding he spends more time chatting with executives from Goldman Sachs, JPMorgan and Citigroup than the President himself. Is he getting too close to Wall St?
JP Morgan
Bank DeathWatch: two more US banks add to toll
America is now heading for its worst year for bank failure since 1993.
JP Morgan’s move on Consmedia
A surprise move by a big US investment bank and a group of hedge and investment funds associated with it in the share register of Consolidated Media Holdings, writes Glenn Dyer.
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.
Bear Stearns shareholders offered a reprieve
JP Morgan’s revised offer for Bear Stearns has assured Wall Street that, whatever happens, shareholders and high flyers in investment banks will be looked after, writes Glenn Dyer.
Doubts emerge over Bear Stearns rescue bid
JP Morgan’s “rescue” of Bear Stearns, backed by the US Federal Reserve’s $US30 billion line of credit, could be under threat, reports Glenn Dyer.
Bear Stearns rescue tips US back from the brink
On Friday the US Federal Reserve rushed through a bail out of America’s 5th biggest investment bank, Bear Stearns and is struggling to contain what is now the worst financial crisis the world markets have seen since the Depression, writes Glenn Dyer
Centro Day 3: Everything might be alright, shares soar
After predicting the sky was going to fall in on Monday with cancelled distributions and redemptions, previously undisclosed billions of short term debt and a CEO only prepared to say Centro was solvent until 15 February, today the company released this bullish update which sent its share price surging.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
NIB shows how not to demutualise
Former members of the Newcastle-based mutual NIB should be outraged that JP Morgan has transferred $36 million of their value to a small group of its institutional investors as part of the demutualisation process, writes Stephen Mayne.
Kimberley Diamond looks a gem in the rough
What’s been happening at the Kimberley Diamond Company, owners of the Ellendale diamond mine in Western Australia and now the recipient of an opportunistic bid from the London-based Gem Diamond?
