Category: Citi, J.P. Morgan: Active in Asia

Looking for proof that U.S. banks are still lending in Asia despite the credit crunch elsewhere?
Tata Motors Ltd. has signed a $3 billion bridging loan with Citigroup Inc. and J.P. Morgan Chase & Co. for its purchase of Ford Motor Co.’s Jaguar and Land Rover brands, a person familiar with the deal said Tuesday.
The […]

Bear Stearns is worth $236 million–at least to J.P. Morgan Chase. Do you know what else is worth that much? Well, its less than compensation of the top four executives at Goldman Sachs Group.
That’s right, for the same money that can get you the all-star investment-banking team of Lloyd Blankfein, Gary Cohn, Jon Winkelried […]

When Havas spent big on acquisitions a few years ago, many deals went bad and angry shareholders voted in a new chairman. With the French advertising company’s finances still in recovery mode, Havas could sit out the current economic turbulence and gradually rebuild.

That seems less and less likely. David Jones, chief executive of Havas’s Euro […]

Many people believe Wall Street is full of short-fingered, profit-chasing vulgarians. But every once in a while, someone shows that profits and higher sentiments can co-exist. Oppenheimer chief technical analyst Carter Braxton Worth is one such person: “Because in times of crisis, great verse is a sanctuary like none other.”
Worth, moved by the dark […]

One hallmark of the credit crunch is that it has forced ordinary people to try to understand all sorts of seemingly arcane financing terms that have suddenly become important.
Here is one more you need to care about: the “repo” market, which is what helped bring Bear Stearns down. Repos are short-term repurchasing agreements. As […]

Deals of the Day includes all the major news of the morning related to mergers and acquisitions and financing. For breaking deal news, turn to the WSJ’s Deals & Deal Makers page, or click here to automatically sign up for Deals Alert emails.
Financial Institutions
$2 a share for Bear?: Don’t hold your breath waiting for more. […]

Citigroup Inc. executives may want to get out a map of India and look for Punjab.
Presumably Indian-born Chief Executive Vikram Pandit knows where it is, but others should familiarize themselves with the northwestern Indian state since one of its big banks, Centurion Bank of Punjab Ltd. recently agreed to merge with HDFC Bank Ltd., one […]

J.P. Morgan Chase & Co. has begun examining the operations of Bear Stearns Cos. as far away as Asia, raising questions about what the two firms will look like when combined.
On Monday, Gregory Guyett, J.P. MorganÂ’s top man in Japan, visited Bear Stearns offices in Tokyo, according to several people at Bear. A handful of […]

Looking for proof that U.S. banks are still lending in Asia despite the credit crunch elsewhere?
Tata Motors Ltd. has signed a $3 billion bridging loan with Citigroup Inc. and J.P. Morgan Chase & Co. for its purchase of Ford Motor Co.’s Jaguar and Land Rover brands, a person familiar with the deal said Tuesday.
The […]

Bear Stearns is worth $236 million–at least to J.P. Morgan Chase. Do you know what else is worth that much? Well, its less than compensation of the top four executives at Goldman Sachs Group.
That’s right, with the same money you can acquire an all-star investment-banking team of Lloyd Blankfein, Gary Cohn, Jon Winkelried and […]