Banking
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Vanity Fair is running a lengthy piece on the events leading to the collapse of Bear Sterns. It’s worth reading: Bringing Down Bear Stearns: Politics & Power: vanityfair.com On Monday, March 10, the rumor started: Bear Stearns was having liquidity problems. In fact, the maverick investment bank had around $18 billion in cash reserves. But…
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This is interesting, and encouraging, news. NetSuite – a company that started off as an online personal accounting company – is preparing for an initial public offering. Michael Arrington has the scoop over at TechCrunch: Techcrunch » Blog Archive » NetSuite’s Going Public, Looking for $1 Billion Valuation NetSuite, the fraternal twin of SalesForce (both…
nitin badjatia 