Displaying 102 results
Setback in Bear Stearns case may force gov’t shift
The swift acquittal of two Bear Stearns executives in the government's criminal case tied to the financial meltdown likely will force prosecutors to rethink the evidence they planned to present in a raft of cases that have yet to go to trial, legal experts say.
Two ex-Bear Stearns hedge-fund managers acquitted on all counts of lying to investors
Two Bear Stearns executives who ran hedge funds that crashed in 2007 amid the subprime mortgage meltdown were acquitted Tuesday of lying to investors about the looming crisis on Wall Street.
Ex-Bear CEO Schwartz makes first move at Guggenheim
Former Bear Stearns chief executive Alan Schwartz has hired a Bear alumnus to join him at Guggenheim Partners LLC and build an equity trading desk at the Chicago-based asset management firm.
JPMorgan chief: We need ‘really good’ brokers
Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co., said he is interested in hiring more retail brokers for the small brokerage business the bank inherited last year when it absorbed The Bear Stearns Cos. Inc.
Bear Stearns hedge fund managers set to face the fire
Two former Bear Stearns hedge fund managers are on trial in one of the few criminal cases brought against Wall Street executives in connection with the collapse of the housing market.
Bear Stearns execs slapped with suit from largest shareholder
Bear Stearns' largest stockholder has sued the company's former top executives and an auditor in New York, saying they fraudulently overstated the value of the company's stock.
Upstart HighTower snags $10B broker
Former Wall Street chieftains Philip Purcell and David Pottruck’s plan to snatch superstar brokers for a start-up advisory…
Judge throws out Bear suit
A New York State Supreme Court justice yesterday dismissed a shareholder class action against The Bear Stearns Cos. Inc.’s officers and directors challenging its merger with JPMorgan Chase & Co.
Bear pays $27.3M to wronged insurer
Under orders from a federal judge, Bear Stearns has paid $27.3 million to the now-defunct National Heritage Life Insurance Co., which lost money invested with Bear on collateralized mortgage-backed obligations and collateralized debt obligations.
NY Fed hires former Bear risk chief
The Federal Reserve Bank of New York has hired the former chief risk officer at The Bear Stearns Cos. Inc., Michael Alix, effective yesterday.
Ex-Bear CEO mulls next move at Rothschild
Alan Schwartz, who is based in N M Rothschild's New York office, is considering several job opportunities, including working at another investment bank or private-equity firm, according to the paper.
Bear to pay $28M to settle loan grievance
The Bear Stearns Cos. Inc. and its subsidiary, EMC Mortgage Corp., have agreed to pay $28 million to settle Federal Trade Commission charges that they engaged in unlawful practices in servicing consumers’ home mortgage loans.
Wachovia names Bear vet fixed-income head
Wachovia Securities LLC of St. Louis has added Craig Overlander as managing director and global head of fixed income.
Cayne was ‘road kill’ as Bear buckled
The ex-chairman and CEO came close to death but survived, although his company did not, according to Fortune magazine.
Former Bear managers may face more woes
The government is mulling additional charges against ex-hedge fund managers Ralph Cioffi and Matt Tannin.
SEC on the hunt for rumormongers
The regulator has subpoenaed firms suspected of spreading rumors about Bear Stearns, contributing to its collapse.
Bear Stearns alum starts up $1B hedge fund
A former Bear Stearns hedge fund manager has opened her own firm with nearly $1 billion in assets.
Dimon calls on SEC to probe Bear rumors
The JPMorgan Chase CEO wants to know if rumors spread by short sellers betting against Bear Stearns helped sink the firm.
Bear deal done to avert disaster, Fed says
The Federal Reserve Board bailed out The Bear Stearns Cos. Inc. to avert a disaster that would have wreaked havoc on the financial markets.
Ex-Bear hedge managers indicted for fraud
Conspiracy, securities and wire fraud charges were filed against Ralph R. Cioffi and Matthew Tannin.
