Elsewhere on Monday:
Equity analysts just can’t catch a break these days – especially those covering the financial sector. Investors that followed the advice of brokerage and bank analysts would have lost 17 percent in the past year, twice the decline of the S&P 500 Index, according to Bloomberg’s examination of 39 analysts.
It’s frequently said that you can’t get something for nothing. This is true. But what is the price of something? Difficult to know. This has been a market that lacked liquidity and price discovery. Luckily, the Something Store has started making a market in somethings.
Five years after he was ignominiously ousted from the New York Stock Exchange, Dick Grasso could be forgiven a wry smile.
The WSJ’s guide to winners & losers from the week that was
A short-term failure for the magazine-cover indicator for oil
Banks need capital. Private equity has cash. Shouldn’t the twain meet in a profitable partnership?
Paul Taylor’s back story is an unlikely rags-to-riches tale. A bricklayer turned banker, he met the Qatar Investment Authority through his former employer Rotch - the property fund run by brothers Robbie and Vincent Tchenguiz.
