The new era of private equity is proving treacherous for some old hands.

For most of the financiers who remain, with the exception of a few superstars, the days of easy money and supersized bonuses are behind them.

The government said gross domestic product expanded at a 2.8 percent rate from April through June, rather than the 3.3 percent rate it estimated a month ago.

The markets may not be as panicked as they were last week, but with every passing day, the situation is getting increasingly dangerous.

The WaMu name on the 5,000-seat theater at Madison Square Garden is likely to change because of the seizure of Washington Mutual by federal regulators on Thursday.

Cities and counties that rely on short-term notes to pay for routine operations find themselves largely shut out of the credit markets, leaving them to search for other financing.

When WaMu collapsed on Thursday in the biggest bank failure in United States history, TPG’s David Bonderman’s reputation was suddenly at risk of becoming a devalued asset.

Weighed down by a huge portfolio of troubled mortgage loans, the nation’s fourth-largest bank by assets entered into preliminary deal talks with Citigroup.

As one institution after another is laid low by the present crisis, James Dimon stands at the head of a small band of bankers who are coming out on top in the new financial landscape.

Partners in the law firm Heller Ehrman will vote over the weekend on whether to disband and shut down a Bay Area institution that had expanded rapidly in recent years.