International Business News - Marblehead http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif First Marblehead Corp. sold $59.8 million in convertible preferred shares to affiliates of a Goldman Sachs investment unit. GS Capital Partners converted the preferred shares into 5.3 million shares of common stock in the student-loan services provider. http://www.ibtimes.com/articles/20080626/first-marblehead-sells-59-8-million-in-shares.htm Thu, 26 Jun 2008 16:59:03 EDT First Marblehead Corp.'s stock leaped at the opening bell Thursday after a Friedman Billings Ramsey analyst who had been particularly bearish on the student loan service company upgraded the stock. http://www.ibtimes.com/articles/20080522/out-of-the-gate-first-marblehead-soars-on-upgrade.htm Thu, 22 May 2008 10:43:30 EDT First Marblehead Corp. shares fell sharply Friday after the student-loan services provider reported a quarterly loss, as the market for bundles of loans stayed frozen. http://www.ibtimes.com/articles/20080509/first-marblehead-shares-fall-after-quarterly-loss.htm Fri, 09 May 2008 16:56:15 EDT Student-loan services provider First Marblehead Corp. said Thursday it swung to a fiscal third-quarter loss as the company remained unable to complete a single securitization transaction _ previously its major source of revenue. http://www.ibtimes.com/articles/20080508/first-marblehead-swings-to-3q-loss-on-write-downs.htm Thu, 08 May 2008 18:17:42 EDT First Marblehead Corp.'s stock slipped Thursday after Bank of America Corp. one of the company's biggest customers said it plans to stop doing business with the company. Bank of America, the bank ... http://www.ibtimes.com/articles/20080417/last-call-first-marblehead.htm Thu, 17 Apr 2008 15:38:31 EDT First Marblehead Corp. will not be able to raise as much money from an investment by Goldman Sachs Group Inc. because of the turmoil in the bond market and the bankruptcy of a crucial partner, the st... http://www.ibtimes.com/articles/20080410/gs-investment-in-fmd-may-have-to-shrink.htm Thu, 10 Apr 2008 11:56:44 EDT Fitch Ratings said Wednesday it has placed 16 First Marblehead Corp. asset-backed securities' subordinate classes on "Rating Watch Negative" following The Education Resource Institute's bankruptcy ... http://www.ibtimes.com/articles/20080409/fitch-may-cut-first-marblehead-ratings.htm Wed, 09 Apr 2008 12:24:46 EDT Shares of student loan services company First Marblehead are plunging after the company that backs the bonds First Marblehead helps to sell filed for bankruptcy. The Education Resources Institute, o... http://www.ibtimes.com/articles/20080408/out-of-the-gate-first-marblehead-falls.htm Tue, 08 Apr 2008 09:55:37 EDT Student-loan services provider First Marblehead Corp. said Tuesday it is working to find a new guarantor to back loans bundled in bonds it helps to sell after The Education Resources Institute filed ... http://www.ibtimes.com/articles/20080408/first-marblehead-to-seek-new-guarantor.htm Tue, 08 Apr 2008 08:38:11 EDT First Marblehead Corp.'s stock slipped Thursday after a ratings agency questioned the strength of an organization that serves as a bulwark against losses on bonds the company helps to sell. http://www.ibtimes.com/articles/20080327/first-marblehead-slips-on-teri-downgrade.htm Thu, 27 Mar 2008 13:00:40 EDT A Friedman Billings Ramsey analyst said Friday it may take longer for First Marblehead Corp.'s business to rebound than he expected. Based in Boston, First Marblehead helps banks like J.P. Morgan and Bank of America package student loans into bonds and sell them in the bond market. The company makes money mostly by charging fees for helping with the bond sales. http://www.ibtimes.com/articles/20080222/analyst-first-marblehead-under-pressure.htm Fri, 22 Feb 2008 14:38:27 EST The chief executive and chairman of the board of First Marblehead Corp., a student loan services provider, will take 25 percent pay cuts in 2008, according to a regulatory filing submitted Tuesday night. http://www.ibtimes.com/articles/20080206/first-marblehead-ceo-chair-take-pay-cut.htm Wed, 06 Feb 2008 12:10:10 EST The board of directors of First Marblehead Corp., a student loan services provider, will take a 25 percent pay cut in 2008, according to a regulatory filing submitted Tuesday night. http://www.ibtimes.com/articles/20080206/first-marblehead-board-takes-pay-cut.htm Wed, 06 Feb 2008 11:45:30 EST First Marblehead Corp.'s stock surged Friday after the student loan services provider attracted a $260.5 million investment from a Goldman Sachs Group Inc. fund. http://www.ibtimes.com/articles/20071221/first-marblehead-surges-on-gs-investment.htm Fri, 21 Dec 2007 15:31:20 EST Student loan services provider First Marblehead Corp. said Friday it suspended its quarterly cash dividend. It will pay out a previously declared dividend Friday. http://www.ibtimes.com/articles/20071221/first-marblehead-suspends-dividend.htm Fri, 21 Dec 2007 09:44:30 EST