So Stephen Schwarzman, the billionaire boss of private equity group Blackstone, thinks fair value accounting is partly to blame for the credit crunch. The view is worth considering, although it isn't uncontroversial. In short, banks are forced to write down the value of their assets as the market values of [...]

There have been some rumblings over the past several months about accounting rules being a key contributor to the banking sector meltdown, and I've let it slide. But now that Steve Schwartzman and Tony James of Blackstone (BX) have publicly stated their views that FAS 157 - or Fair Value [...]

GM is shrinking again. And this time, I’m not talking about its sales, market share or payrolls. The stock price dropped 15% to under $10 a share today, a 54-year low. It closed at $9.98 a share, which is off 72% over the past 12 months. The reason: In addition [...]

KKR has begun ramping up new business lines and hiring employees as its leveraged-buyout business languishes, signaling a broader change at the firm. Some say the firm has not given up on plans to become a public company.[...]

U.S. private equity house Lone Star could offer shares in Korea Exchange Bank in a block sale if the pending $6.3 billion deal to sell control of KEB to HSBC falters, KEB's chief executive said on Thursday. Read More Topics:Mergers & Acquisitions | Banking | Corporate NewsSectors:BanksCompanies:HSBC Holdings, plc.MEDIA:PHOTO Permalink[...]

Huawei shortlisted five private-equity bidders for the Chinese telecom-gear maker's mobile-devices division, valued at more than $4 billion.[...]