The week's top news and analysis, Nov. 26-30
It was a Kohn-shaped week on Wall Street, at least in part.
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Morgan Stanley ousted Co-President Zoe Cruz, one of the most powerful women on Wall Street and heir apparent to CEO John Mack, amid the firm's mortgage-related losses of more than $3.7 billion. Two new co-presidents were named. (Statement) more details ...
SAN FRANCISCO (MarketWatch) -- Bond insurers, including Ambac Financial Group Inc. and MBIA Inc., saw their shares jump Friday, rallying in the aftermath of a report that the U.S. government is working on a plan to bail out millions of subprime borrowers.
more details ...
Morgan Stanley ousted Co-President Zoe Cruz, one of the most powerful women on Wall Street and heir apparent to CEO John Mack, amid the firm's mortgage-related losses of more than $3.7 billion. Two new co-presidents were named. (Statement) more details ...
SAN FRANCISCO (MarketWatch) -- Bond insurers, including Ambac Financial Group Inc. and MBIA Inc., saw their shares jump Friday, rallying in the aftermath of a report that the U.S. government is working on a plan to bail out millions of subprime borrowers.
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