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Thain May Have Trouble Unloading CIT
Published September 27, 2012
John Thain will have an uphill battle selling the CIT Group anytime soon, particularly to a big U.S. bank, and it has nothing to do with the décor of his office.
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Looking for a Comeback, Thain Shopping CIT Group
Published September 24, 2012
CIT Group CEO John Thain, former head of Merrill Lynch, has been quietly shopping the firm to a larger player with the goal of selling, possibly to a big bank, and emerging as a candidate to run the bigger company, sources say.
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Morgan Stanley CEO Working to Speed Up Smith Barney Purchase
Published September 21, 2012
Exclusive: Morgan Stanley chief James Gorman is working to expedite the purchase of the remaining piece of Smith Barney from Citigroup, moving up the buyout date as much as two years ahead of schedule.
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Wall Street Donors Stick with Romney, For Now
Published September 20, 2012
Campaign officials representing Republican presidential candidate Mitt Romney are scrambling to shore up their support on Wall Street, which is growing increasingly alarmed about their preferred candidate’s chances to unseat President Obama in the November presidential election, the FOX Business Network has learned.
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Boston Red Sox Could Be on the Block
Published September 13, 2012
The owners of the Boston Red Sox are mulling a potential sale of the storied baseball franchise and have begun quietly shopping the team to potential buyers.
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A Corzine Hedge Fund? Don't Hold Your Breath
Published September 12, 2012
Exclusive: Disgraced former MF Global chief Jon Corzine has told friends he won’t be starting a hedge fund as some have speculated.
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MF Global Exec. Said Corzine Knew About Misuse of Funds
Published September 11, 2012
Exclusive: A senior executive MF Global executive told investigators that CEO Jon Corzine was aware of the use and possible misuse of customer funds, sources tell FOX Business.
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Morgan Stanley Working to Stem Broker Revolt
Published September 05, 2012
Gasparino: Morgan Stanley's head of wealth management is working to stem a broker revolt over the company’s new technology system that contains many glitches.
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Facebook's Sandberg Met With BlackRock's Larry Fink
Published September 04, 2012
Exclusive: Facebook may have fashioned itself as an anti-Wall Street upstart, but that didn’t stop a top executive from meeting with the ultimate Wall Street insider for advice following the company’s disastrous IPO.
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Facebook Tells Wall Street Why it Screwed Up; Twitter Reevaluating IPO Plans
Published August 23, 2012
As Facebook continues to suffer the effects of its botched IPO, Twitter is re-evaluating its own plans to possibly go public.
