The Banking and Strategy Initiative

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Tag Archives: Depression

UBS Posts $1.3 Billion Quarterly Loss –

UBS posted a $1.3 billion quarterly loss on Tuesday, the third in a row for Switzerland’s biggest bank, and blamed costs linked to its reorganization program.The loss widened to 1.4 … Continue reading

August 4, 2009

Porsche adds $5 b in debt in one week | Reuters

zyakaira notes: Volkswagens unlikely to fall for an extra EUR 5 Billion in cost and the Prosche owners have to cough the added debt in this week itself! Deutsche Bank … Continue reading

July 25, 2009

Didn’t you buy up in 2008? | Reuters

zyakaira notes: i think private equity missed the bus by being too conservative with shortlisting criteria! Or all of them were overleveraged, Anyways, the list of winners is pretty small … Continue reading

July 6, 2009

Europe: More Pain on the Way? – BusinessWeek

Euro-zone banks could record as much as $398 billion in new writedowns by 2010 (more, but this is the ECB prediction) As Europe enjoys a long-awaited summer heat wave, a … Continue reading

July 3, 2009

Sharp Price Drops in Manhattan Apartments –

Manhattan apartment prices fell sharply during the second quarter of 2009, as the limited number of deals struck during the darkest months of the economic downturn began to close, according … Continue reading

July 2, 2009

Worlds Dumbest Bank Gets Caught Again : Here is the City

Today’s summary from a newshound recmmended on ( the story was recommended.. ) Remember state-owned German lender KfW Bankengruppe ? Well, back in September last year, the bank was … Continue reading

July 2, 2009

A Hollywood-Ending Portfolio –

As recession-weary Americans flock to the cinema, Hollywood has had good fortune in a year when most other industries are fighting for survival. According to Box Office Mojo, theatrical receipts … Continue reading

July 1, 2009

The cost of Healthcare reform | Washington Post

President Obama’s plan to expand health coverage to the uninsured is likely to dig the nation deeper into debt unless policymakers adopt politically painful controls on spending, such as sharp … Continue reading

June 17, 2009

The ups & downs of retail and Private equity |

In 2006 and 2007 they used loads of debt to purchase huge, cyclical companies at absurd valuations. But some retail companies are still turning in a profit

June 12, 2009 · 2 Comments

A chastised Citi with a $58 billion Obama Stake |

Citigroup Inc. finalized an agreement with the federal government that clears the way for its highly diluted stock exchange to take place, boosting common-equity levels and giving the U.S. a … Continue reading

June 11, 2009