Wednesday, April 7, 2010 as of 11:14 AM ET
The big-bank business model that Wall Street fell in love with over the past 20 years is under assault by an incoming regulatory regime aimed at reining in the risk-taking that nearly brought down the financial system three years ago.
Some believe new capital and liquidity requirements combined with restrictions on banks’ ability to bet with their own money could eventually cause the largest financial services companies like Bank of America (NYSE:BAC) to spin off or sell more chunks of their nontraditional banking businesses.“There are a lot of good regulations that have been coming out, but not all of them are good for the current business model of the big banks,” said Darrell Duffie, a finance professor at Stanford University.To be sure, few analysts are predicting U.S. banks will be forced to completely break themselves up to cope with the new regulatory world they live in. It’s also not clear how or when all of the upcoming rules will be implemented.Volcker Rule LoomsHowever, it is ...By Svea Herbst-BaylissBOSTON (Reuters) - FrontPoint Partners, a $7.5 billion hedge fund currently embroiled in the U.S. government's fast-moving insider trading prob...
Morgan Stanley reported a third-quarter loss as slumping trading volumes weighed on its trading business.The bank reported a net loss applicable to shareholders of $...
(Repeats ANALYSIS initially transmitted on Friday)By Megan Davies and Svea Herbst-BaylissNEW YORK/BOSTON (Reuters) - Speculation continues to grow as to which Wall S...
By Dan WilchinsNEW YORK (Reuters) - As banks spin off their proprietary trading groups into hedge funds to comply with a new law, traders will find themselves in a t...
When it comes to bank earnings, so far so good. Now it's about the Treasury stress tests of the 19 banks.And that ain't so good.The markets got a look at profit figu...
April 17, 2009 3:22 PM Taking Stock of Bank Stress Testsby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome No votes yetComments »When it comes to bank ...
April 17, 2009 03:22 PM UTC by Elizabeth MacDonaldTaking Stock of Bank Stress TestsWhen it comes to bank earnings, so far so good. Now it's about the Treasury stress...
By Andrew LongstrethNEW YORK (Reuters) - Former FrontPoint Partners hedge fund manager Dr. Joseph "Chip" Skowron pleaded guilty on Monday for his role in an insider ...
By Basil KatzNEW YORK (Reuters) - Former FrontPoint Partners hedge fund manager Dr. Joseph "Chip" Skowron might be preparing to plead guilty, a court filing showed o...
PURCHASE, New York (Reuters) - Morgan Stanley Chief Executive James Gorman is concerned that regulators may force large banks to hold too much capital, a move that b...
By Grant McCoolNEW YORK (Reuters) - A key defense witness in Raj Rajaratnam's insider trading trial was pressed by a prosecutor about whether cheating and corruption...
A Harvard-trained physician has been charged by federal prosecutors with evading $30 million in losses for a hedge fund by obtaining inside information about clinica...
By Svea Herbst-BaylissBOSTON (Reuters) - Massachusetts charged a small hedge fund manager on Wednesday with having illegally used clinical trials data provided by an...
BOSTON (Reuters) - FrontPoint Partners, the $4.5 billion hedge fund ensnared in the government's insider trading probe, is back on its own after more than four years...
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