Displaying all articles tagged:

Moody's

  1. Casino Boogie
    Atlantic City’s Hospitality Industry Ruined in Sandy’s WakeThe floodwaters may be rolling back out to sea, but the doom and gloom is sticking around.
  2. Casino Boogie
    Moody’s Deals Revel Another BummerThe downgrade comes on the heels of the troubled casino’s request for $100 million in credit.
  3. debtpocalypse
    Moody’s Warns of Possible DowngradeAnother credit-rating agency threatens to remove an “A.”
  4. moody moody's
    Moody’s to Congress: No, Seriously, Raise the Debt CeilingOr we’ll lower your credit rating!
  5. loose threads
    Giorgio Gucci Lost $50,000 Worth of Luggage; Jamie Lee Curtis and Sigourney Weaver Wore the Same Dress on PurposeAlso, Kate Moss actually gave an interview.
  6. company town
    ‘Times’ Newsroom-Bloodbath Final Tally: FifteenPlus, the latest on BlackRock, Citibank, and condos you can’t afford, in our daily industry roundup.
  7. company town
    Being Filthy Rich Means Never Having to Say You’re SorryFINANCE • Fortune searches Davos for financiers to express contrition over the current credit crisis but comes up empty. The closest anyone has come, the magazine notes, is the chairman and chief executive of Moody’s Corp, who said, “We and others have to retool our processes … In hindsight, it’s clear to us that there were fundamental failures in key assumptions supporting our analytical models.” Quoth Fortune: “That’s probably a little too mealy-mouthed and much too late to console people who bought the mortgage-backed commercial paper to which Moody’s and its rival Standard & Poor’s gave a top-notch AAA rating — only to discover it was actually junk.” Snap! [Fortune] • Just how big a fraud did Jérôme Kerviel, the rogue French trader, pull off? Before the bank caught him, he had taken out positions worth 50 billion euros. But some argue that he was responsible for only 1.5 billion euros in losses, and the bank’s board lost the other 3.4 billion euros unwinding his positions way too fast. Meanwhile, top executive Jean-Pierre Mustier told the Times: “I was speaking to a competitor, this competitor called me and said, ‘You are living what is a banker’s worst nightmare.’” Imagine how dramatic that must have sounded in French. [FT, NYT] • Bonuses now in the bank, Goldman rewarded bankers for a record-setting year with a special surprise: layoffs! [Deal Journal/WSJ]