The latest mergers & acquisitions figures are out, and they're not pretty. According to mergermarket, an M&A data watcher, the year's global slowdown is not only continuing but accelerating. New York can hang on to a thread of good news only in that its rate of decline is not accelerating. Read More
Tag: Wall Street
Today is full of bad news for Wall Street. The New York Times reports that the street is moving mid-paying jobs to middle America, and S&P has a new report out saying that the i-banking business is moving to a "less profitable, but somewhat lower risk, business model." Read More
A big wheel at Deutsche Bank, chief risk officer and board member Hugo Bänziger, has some portentous thoughts about banking (and therefore, about New York City and State finances) in today's FT. Read More
Wendy Long, a lawyer who is trying to oust fellow lawyer Kirsten Gillibrand from the Senate, has with a compelling headline: "Financial Regulation is Hurting New York." True enough. But the 70 percent of the details that Long gets wrong eclipse Read More
The chairman of India-based outsourcing giant Satyam, which has done work for a third of Fortune 500 companies, has confessed to a massive accounting fraud. He wrote that he had overreported profits and underreported liabilities until the fraud Read More
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