The collapse of Lehman Brothers, the fire sale purchase of Merrill Lynch by Bank of America, and the federal government’s $85 billion rescue loan for American International Group has triggered a tidal wave of panic that the financial crisis may be far from over…and there are more layoffs to come. New York’s financial industry this [...]
Rapidly Increasing Number of Executive Positions in Burgeoning Asset Class
Great Neck, NY, September 19, 2008 –
A.E. Feldman Associates, Inc., a leading executive search and consulting firm, today announced the expansion of its website, reflecting its rapidly expanding practice area of Project & Infrastructure Finance.
“Interest and investment in project and infrastructure finance is skyrocketing as politicians [...]
The federal government rejected a call to impose tolls on Interstate 80 in Pennsylvania, according to the AP. The decision will force the Pennsylvania Turnpike Commission to continue making payments to the state for transportation needs. It also means the asset is more likely to fall into private hands. A consortium led by Spanish infrastructure [...]
U.S. foreclosure filings rose to a record in August as falling home prices made it harder to sell or refinance homes to pay off the mortgage, according to RealtyTrac Inc. Mortgage loan delinquency rates also increased for the sixth straight quarter. Traditionally seen as a precursor to foreclosures, mortgage delinquencies jumped 9% during the second [...]
While fears of layoffs plague Wall Street, job seekers with experience in managing money for wealthy clients are poised to gain new opportunities. Executive search firm, A.E. Feldman, reports that banks are still recruiting in the high margin, wealth-management business, which has expanded to include service offerings such as trust advice, estate planning, and tax [...]
The Dow plunged more than 500 points on Monday as news of a bankruptcy at Lehman Brothers, the emergency sale of Merrill Lynch and rumors of more trouble at American International Group, one of the world’s biggest insurers, sent investors running for cover. Fed officials, the Treasury Department and executives from several Wall Street banks, [...]
Marshall, Gerstein & Borun LLP, an intellectual property law firm, just announced the launch of its Cleantech and Renewables Industry Group. According to the firm, the group integrates nearly 20 attorneys and professionals from multiple practices to meet the legal and business demands of clients involved with technologies aimed at environmental stewardship. “As demand for [...]
The SEC is calling for companies that file using U.S. GAAP and have a worldwide public float over $5 billion to provide XBRL-formatted financial statements beginning with fiscal periods ending December 15, 2008, according to AccountingWeb.com. The report adds that the remaining companies using U.S. GAAP will be phased into the XBRL program over the [...]
Pension funds are eyeing U.S. infrastructure assets as an investment opportunity. Most recently, the California Public Employees Retirement System has adopted an investment policy to guide its infrastructure investments, which may include transportation, ports, energy, water and communications projects, according to Money Management Letter. The new policy will see CalPERS commit up to 3% of [...]
Banks have been paying the price for lax risk controls. Losses from the U.S. subprime crisis and the ensuing credit crunch crossed the $500 billion mark as writedowns spread to more asset types, according to Bloomberg. The report states that writedowns and credit losses at more than 100 of the world’s biggest banks and securities [...]
You are currently browsing the archives for the General category.
