Summit Notebook

from Funds Hub:

The morgue after Christmas

September 28, 2009
Around this Christmastide banks will begin to take a strict approach to companies running out of money, according to Simon Davies, managing director of The Blackstone Group.  

Nomura: Lehman taking shape

July 8, 2009

Nomura’s takeover of Lehman Brothers’ European and Asia businesses is yielding results, and concerns the Japanese bank will struggle to marry cultures is misplaced, according to the man who drove the deal.

Japan eyes UK takeover rules

July 7, 2009

Japan’s takeover rules are destined to be shaken up — but probably not for some time.

Bair: Resolution. Authority. Now.

April 24, 2009

    Congress needs to get off the dime and create a resolution authority that would break down failed institutions in an orderly manner, since the lack of such an authority is driving policy decisions,  according to Sheila Bair, head of the Federal Deposit Insurance Corp.
    Speaking at the Reuters Global Financial Regulation Summit in Washington,  Bair said that gap has fed into the too-big-to fail presumption and created a dilution in market discipline for those who invest and extend credit to very large institutions.
    “We think Congress should give a very high priority to providing a resolution mechanism for very large organizations, Bair said. “The lack of this mechanism is driving policy choices right now.”

Central Europeans frown at state bank ownership

October 24, 2008

Talk in western Europe of possibly nationalising private banks to save them from the credit crisis is sending shivers down the spine of policymakers in ex-communist central Europe.

Survival, yes, but what about the money?

June 9, 2008

Veteran Wall Street banking analyst Richard Bove sees Lehman Brothers surviving – but he doesn’t think they’ll be making a lot of money.
   There’s just not a lot of business there at the moment for brokers like Lehman, he told the Reuters Investment Outlook Summit in New York.
    To listen to a clip of what Bove had to say, please click here