Word: biddinger
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One remaining investor group is bidding only for a small part of Amoskeag, but the Federal Deposit Insurance Corporation (FDIC) may not split up the package, The Globe reported.
Though it reigned over the freewheeling government-securities market, once mighty Salomon Brothers now finds itself on terrain every bit as treacherous as Wall Street. Last week the firm's interim chief executive, Warren Buffett, was summoned along with financial regulators to Capitol Hill for the first public hearings on...
While regulators admitted that new rules may ultimately be needed, they argued strenuously against any knee-jerk changes. The Treasury Department, anxious to regain its authority over a market it relies on to raise capital, announced that it was reopening its investigation to see if Salomon and one of its...
When billionaire financier Warren Buffett announced he was assuming the chairmanship of Salomon Brothers on an interim basis last week, he stepped into a morass that threatened to grow worse for the 81-year-old Wall Street firm before it got better. In fact, Buffett's salvage job began even...
After a marathon bidding session for the prime pieces of the bankrupt Pan Am, the spoils went last week to the most low-profile of the Big Three U.S. carriers: Delta. The Atlanta-based airline bested its rivals with a $1.7 billion bid for assets that will put Delta on...