• Details about the Obama administration's plan to revise the bailout are still sketchy, but more will be revealed by Tim Geithner tomorrow. [WSJ, BN, DB]
• UBS is slashing bonuses by 80 percent, but the bank says it does not have plans to get out of investment banking altogether. [BN]
• Barclays announced that quarterly profits exceeded analysts' estimates. [BN]
• More trouble for Bill Ackman's Pershing Square Capital. [DB, NYP]
• Goldman chief Lloyd Blankfein addresses what went wrong on Wall Street in a op-ed piece for the Financial Times. [FT, FT]
• Sunday's New York Times, meanwhile, provides an account of what went wrong between Merrill's John Thain and BofA's Ken Lewis. [NYT]
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Wall Street
Washington's New Bailout, UBS Stays in the Game
- Posted at 9:39AM on Feb 09, 2009
Email- Filed Under: Bailout, Bank of America, Banks, Barack Obama, Barclays, Bill Ackman, Finance, Goldman Sachs, John Thain, Ken Lewis, Lloyd Blankfein, Merrill Lynch, Pershing Square Capital, Tim Geithner, UBS, Wall Street
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