Unstructured Finance

Steven Cohen in his own words

December 14, 2011

By Matthew Goldstein and Jennifer Ablan

The thing about deposition excerpts—even lengthy ones—is that some of the tantalizing material gets left on the cutting room floor. And that’s certainly the case with hedge fund billionaire Steve Cohen’s two-days worth of  testimony in the long-running Fairfax Financial litigation.

Deals wrap: AgBank’s IPO causes frenzy

July 16, 2010

It’s hard to find fault with the second-largest IPO in history, but analysts were only lukewarm about this week’s $19.3 billion IPO debut by Agricultural Bank of China.

Graphic: How “Repo 105″ worked

March 12, 2010

A look at “Repo 105,” a series of transactions that Lehman Brothers is alleged to have used to make its balance sheet appear stronger.

Reuters HedgeWorld webinar on prime brokerage

November 6, 2009

By Chris Clair

On Nov 10, Reuters HedgeWorld will present a 90-minute web seminar all about prime brokerage.

Should banks or regulators come up with “living wills”?

November 4, 2009

USBROKERS/RESEARCH-CITIGROUP The idea that financial firms whose collapse could create trigger broad economic problems should come up with their own living wills has been gaining traction lately.

Lehman and its aftermath, by the numbers

September 10, 2009

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With apologies to Harper’s Index, some collected statistics on the collapse of Lehman and the roller-coaster year that followed.

Who raised the risk budget?

September 2, 2009

Risky businessThere’s been much debate about recent prop trading profits at banks including Goldman Sachs, JP Morgan and others in the first half of the year, but one important question remains unasked.

Einhorn: Moody’s broadside lacks usual punch

June 2, 2009

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David Einhorn again sent markets scurrying last week when he told investors he was shorting Moody’s Corp, but the Greenlight Capital manager’s latest thumbs down packed a weaker punch than his past, celebrated broadsides.