Goldman in focus as credit spreads head wider
All eyes are on Goldman Sachs again today, with the bank having reported second quarter results slightly before New York’s equity market opened

Investors brace for CDO-squared liquidation
New York-based manager Stone Tower Capital will auction 52 bonds of a liquidating CDO-squared transaction on Tuesday (9 March)

Exclusive club bankruptcy case remains mired in dispute
The bankruptcy and reorganization of Yellowstone Mountain Club, the exclusive club that filed for bankrtupcy in Montana last November, continues to undergo further dispute.

US financials erase most of gains into close
CDX IG also gives up some gains.

New WPP and Pearson bond issues add to CDS spread moves
Single name CDS extends on deals.

Asset manager hit by SIV support agreements
Legg Mason's fourth quarter earnings will be hit by a new $195 million after-tax charge as it shores up money market funds impacted by SIV and conduit investments

iStar Financial still at deeply distressed levels
iStar differentiates further from Simon Property Group in CDS.

European financial names battered on Bear Stearns buy
Barclays, UBS, SocGen among CDS widening today.

UK bank takes new hit on SIVs and CDOs
UK mortgage lender Alliance & Leicester disclosed a big increase in its US subprime-related losses

CDO of ABS exposure dampens Bristol Myers Squibb results
Despite reporting higher fourth quarter sales, US drug maker Bristol Myers Squibb Myers yesterday posted a net loss of $89 million, or 5 cents a share, that includes a $275 million impairment charge it attributes to effects of the global credit crisis on its short-term investment portfolio

Highland brings billion dollar CLO
Highland Capital Management, the New York based CDO manager has priced Westchester CLO, arranged by Lehman Brothers.

XO loses some ground after Greenspan
XO loses some ground after Greenspan

Alltel CDS back in play on buyout rumors
Credit default swaps on wireless firm Alltel widened out on trade as the telecom was again at the forefront of leveraged buyout names.

Highland prepares new CLO
Highland prepares new CLO

Special report: Across the CDO universe
Special report: Across the CDO universe

Credit derivatives overtake equity derivatives
Credit derivatives overtake equity derivatives

Australian synthetics show strong growth
Australian synthetics show strong growth