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The $4.5 Billion Dollar Bank Run
Nov 07 201111:20 am EDT -
The Times' Rorshach Geithner Story
Apr 27 20099:26 am EDT -
Sinking Animal Spirits
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Counter-cyclical Urban Policy
Apr 26 200910:00 am EDT -
Be Your Own Counterfeiter
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Being Tim Geithner
Apr 25 200912:37 pm EDT -
Notes From a Press Conference Naif
Apr 25 20099:41 am EDT -
What Good is the News?
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Stressful Enough
Apr 24 20092:29 pm EDT -
Not Regretting the Pound
Apr 24 20091:09 pm EDT
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And You Thought Bear Stearns Was Looking Cheap
Ah, those storied names. Dillon Read. SG Warburg. PaineWebber. Pactual. The reputations, the brands, the cashflow. Priceless. Literally.
According to Credit Suisse (which admittedly might not be the most impartial arbiter in such matters), the value that the market is putting on all of UBS's investment-banking businesses combined is actually negative. Not even a coupla bucks for that trading floor up in Stamford. I guess the First Boston guys picked the right Swiss bank to sell to.
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