Tag Archive
Bonds Still Have Legs – US-FOREX.US
All types of bonds have soared this year, from the debt of speculative-grade companies to the bonds cities and states sell to pay for schools. You might think that, the 38% return so far this year for junk bonds would mark the end of a run. But to Robert Tipp, chief investment strategist for Prudential… »
Nomura Profit Vindicates Lehman Gambit – US-FOREX.US
Nomura Holdings returned to profit for the first time in six quarters, helping Japan’s leading brokerage vindicate its decision to buy the Asian and European operations of failed U.S. investment bank Lehman Brothers. In the three months ended June 30, Nomura Holdings earned 118 million. Net revenue more than doubled to 3.1 billion. Nomura last… »
CIT Too Big To Fail – US-FOREX.US
CIT Group is one of the country’s major lenders to small businesses, with 1 million clients and 75 billion in assets, but some credit analysts still wonder: is CIT worth a bailout? When the Treasury stepped in to help Wall Street’s bulge brackets turned holding companies like Citigroup and Goldman Sachs government officials argued that… »