15 « September « 2008

Crisis on the Street

Crisis on Wall Street as Lehman Totters, Merrill Is Sold, AIG Seeks to Raise Cash – WSJ.com

Fed Will Expand Its Lending Arsenal in a Bid to Calm Markets; Moves Cap a Momentous Weekend for American Finance

NEW YORK — The American financial system was shaken to its core on Sunday. Lehman Brothers Holdings Inc. [...]

Goldman, Morgan Grasp at Bitter Prize September 15, 2008; Page C1

Goldman Sachs Group and Morgan Stanley look like survivors in Wall Street’s purging of stand-alone investment banks. But the prize will be bitter.

The investment banks report results this week for their fiscal third quarter, which ended in August. Analysts expect a profit from [...]