Dandelion Salad By Mike Whitney 09/15/08 “ICH” Bank of America is buying Merrill Lynch for $45 billion, ... The news of Wall Street’s Sunday night massacre has already send foreign stock markets into a deep ... it like this: “All of the independent broker dealers are going to disappear. In March it was Bear Stearns [more...]
Date: 2008-09-15 18:53:57
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AIG rescue hopes, Morgan Stanley earnings, ease markets
AIG rescue hopes, Morgan Stanley earnings, ease markets 16 Sep NEW YORK/LONDON (Reuters) - Growing expectations of a U.S ... came a day early and handily beat expectations. Its shares jumped 8 percent in after-hours trading. Both companies reaffirmed their faith in the independent broker-dealer business model despite [more...]
Date: 2008-09-16 22:00:22
US Economy: Rudderless and Reeling From Direct Hits - A raid on private pensions? By Paul Craig Roberts
Dandelion Salad By Paul Craig Roberts 09/16/08 “ICH” We were promised a “New Economy” of high-tech tradable services to take the place of the ... offshore. All that’s left is finance, and it is crumbling before our eyes. Independent broker-dealers [more...]
Date: 2008-09-16 21:40:07
Icap eyes indie film distribution market
Icap, the world’s largest inter-dealer broker, has set its sights on Hollywood and the $12bn market in independent film distribution as it seeks to reduce its reliance on bond and forex trading. The group, founded by Michael Spencer, has been hit by slowing volumes in its key markets amid heavy deleveraging of balance sheets at banks and hedge [more...]
Date: 2008-12-08 05:36:26
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