Archive for September, 2008

Lehman staffers clog banks’ hiring pipelines

Tuesday, September 30th, 2008

NEW YORK (Reuters) - Wall Street banks are seeing a glut of resumes from Lehman Brothers, as staff there are contacting colleagues at other firms directly to find new jobs after their investment bank went bankrupt.

Lehman staffers clog banks’ hiring pipelines

Tuesday, September 30th, 2008

NEW YORK (Reuters) - Wall Street banks are seeing a glut of resumes from Lehman Brothers, as staff there are contacting colleagues at other firms directly to find new jobs after their investment bank went bankrupt.

JPMorgan is top underwriter, but issuance down

Tuesday, September 30th, 2008

NEW YORK (Reuters) - JPMorgan Chase & Co was the world's biggest underwriter of stocks and bonds in the third quarter, as turmoil in equity and credit markets weighed heavily on new business and on reported fees, Thomson Reuters data show.

JPMorgan is top underwriter, but issuance down

Tuesday, September 30th, 2008

NEW YORK (Reuters) - JPMorgan Chase & Co was the world's biggest underwriter of stocks and bonds in the third quarter, as turmoil in equity and credit markets weighed heavily on new business and on reported fees, Thomson Reuters data show.

Lawmaker urges SEC to halt market volatility

Tuesday, September 30th, 2008

WASHINGTON (Reuters) - A senior U.S. lawmaker urged the U.S. Securities and Exchange Commission on Tuesday to reinstate an index arbitrage rule to halt market volatility.

Lawmaker urges SEC to halt market volatility

Tuesday, September 30th, 2008

WASHINGTON (Reuters) - A senior U.S. lawmaker urged the U.S. Securities and Exchange Commission on Tuesday to reinstate an index arbitrage rule to halt market volatility.

Fed’s Lockhart: Credit crisis threatens economy

Tuesday, September 30th, 2008

NEW ORLEANS (Reuters) - Stressed financial markets risk doing severe damage to the broader economy, Atlanta Federal Reserve President Dennis Lockhart said on Tuesday.

Fed’s Lockhart: Credit crisis threatens economy

Tuesday, September 30th, 2008

NEW ORLEANS (Reuters) - Stressed financial markets risk doing severe damage to the broader economy, Atlanta Federal Reserve President Dennis Lockhart said on Tuesday.

Sovereign Bancorp replaces CEO, shares surge

Tuesday, September 30th, 2008

NEW YORK (Reuters) - Sovereign Bancorp Inc , the largest remaining U.S. savings and loan, has hired Paul Perrault as chief executive, replacing Joseph Campanelli, who had held the job less than two years.

Sovereign Bancorp replaces CEO, shares surge

Tuesday, September 30th, 2008

NEW YORK (Reuters) - Sovereign Bancorp Inc , the largest remaining U.S. savings and loan, has hired Paul Perrault as chief executive, replacing Joseph Campanelli, who had held the job less than two years.