Investment Banking News

Morgan Stanley Smith Barney LLC, the lead underwriter, last Tuesday released a statement defending its handling of the May 17 IPO after the Massachusetts Securities Division subpoenaed the investment bank over its communications with clients.

The Wall Street Journal, citing people familiar with the matter, said New York-based Lou Lebedin was replaced by Teresa Heitsenrether, London-based co-chief of the bank's Lebedin had been name sole head of prime brokerage in March, added the paper.

What If California Were Greece? The Separation of Bank and State Coming Together or Flying Apart? Europe in Recession Meanwhile, Back at the Ranch A Slowing US Economy Where's My Quantitative Easing? Home for a Week! New York and Italy It is simply hard to tear your eyes away from the slow-motion train wreck that is Europe.

Just how many federal regulators have pored over financial documents and calling records, dissected trading ledgers for suspicious money movements and probed years of voice mails and e-mails, to no avail? Oh, to be sure, a few investigations have resulted in civil fines being paid with the caveat of not admitting or denying any wrongdoing.

May 26 -- At Raj Rajaratnam's insider-trading trial one year ago, Goldman Sachs Group Inc.

Citigroup Inc's Automated Trading Desk had trading losses of about $20million from Facebook Inc's botched initial public offering on Nasdaq OMX Group Inc's U.S. exchange, a source with knowledge of the situation said on Friday.

In this May 21, 2012 file photo, television correspondent Sabrina Quagliozzi reports from inside the Nasdaq MarketSite in New York's Times Square.

1 social network, fell 4 percent again Friday, a week after their disastrous debut in their initial public offering.

Shares of Cabot Oil & Gas opened at 35.07 on Friday. Cabot Oil & Gas has a one year low of $27.275 and a one year high of $45.00. The company has a market cap of $7.359 billion and a P/E ratio of 57.49. A number of other analysts have also recently weighed in on COG.

POZEN traded down 1.95% on Thursday, hitting $7.04. POZEN has a 1-year low of $2.15 and a 1-year high of $8.12. The company has a market cap of $210.6 million and a price-to-earnings ratio of 5.48. POZEN last posted its quarterly earnings results on Tuesday, May 1st.

's stock had its "underperform" rating restated by Zacks in a research report issued to clients and investors on Friday.

NEW YORK -- European banks will sell an estimated $380-$760 billion in commercial real estate loans over the next five years, leading to investing and lending opportunities for several U.S. players, according to a Morgan Stanley report published Friday.

NEW YORK -- Can you believe that the SEC worked for three years on a probe of Lehman Brothers and decided there was nothing there? No wrongdoing? Is it really possible to hide all of that debt, lie about it consistently and not have that be illegal? Is it possible that the main thing Lehman did wrong was simply have the market go against it and we ... (more)

As Facebook Inc. and Morgan Stanley executives gathered on a call May 17 to arrange terms for the social-networking company's initial public offering, they faced a trade-off: set the IPO price low and give up enough money to let investors profit from a day-one pop -- or push the price high to help the company reap as much as possible from the sale.

The Wall Street Journal is reporting that Lehman Brothers Holdings Inc.'s bankruptcy estate has reached a deal to acquire a bigger stake in apartment-building owner Archstone for $1.58 billion.

Lehman Brothers Holdings Inc.'s bankruptcy estate has reached a deal to acquire a bigger stake in apartment-building owner Archstone for $1.58 billion, according to a published report.

The staff of the U.S. Securities and Exchange Commission has concluded its investigation into Lehman Brothers Holdings and will not likely recommend charges, according to the excerpt of a memo sent to Reuters.

JPMorgan shareholder meeting draws protesters:JPMorgan Chase, the nation's largest bank, held its annual shareholder meeting in Tampa on May 15, just days after it disclosed its $2 billion trading blunder.

In this Tuesday, April 27, 2010, file photo, Goldman Sachs chairman and chief executive officer Lloyd Blankfein waits to testify before the Senate Subcommittee on Investigations hearing on Wall Street investment banks and the financial crisis on Capitol Hill in Washington, Tuesday, April 27, 2010.

David Malpass - the president and founder of research and consulting firm Encima Global LLC, former Bear Stearns chief economist, and a former Republican candidate for the U.S. Senate from New York - criticizes debates about growth and austerity in the EU in an editorial published last night by the Wall Street Journal.