Displaying 102 results
Waxman probes BlackRock’s role in Bear bailout
Congressman seeking info about no-bid contract; if investment firm isn’t successful, taxpayers ‘stand to lose billions.’
Senators grill Cox, JPMorgan, Bear
They are asking about severance arrangements for top management at Bear and JPMorgan as a result of their merger.
Cox: Bear blew through $10B in a day
Bear Stearns had $12.4 billion in its liquidity pool on March 13, a number that plummeted to $2 billion later that day.
Bernanke: Bear rescue averted chaos
“The sudden failure of Bear Stearns likely would have led to a chaotic unwinding of positions," said Fed chief Ben Bernanke.
Sen. Grassley questions SEC about Bear
Senate Finance Committee ranking member Charles Grassley, R-Iowa, today wrote the SEC asking why the agency declined to bring a case against The Bear Stearns Cos. Inc.
It’s official: JPMorgan owns Bear
The Fed today gave its stamp of approval for the acquisition of troubled Wall Street firm Bear Stearns by JPMorgan Chase.
Court bars Bear broker from bolting
An ex-Bear Stearns exec has been barred from moving to Morgan Stanley and taking other employees with him.
Cayne cashes out all Bear Stearns stock
Bear Chairman James Cayne reaped only $61 million; the stock had been worth more than $1 billion just a year ago.
Dodd eyes Dimon-Fed link in Bear deal
The chairman of the Senate Banking Committee has expressed concern about a posible conflict of interest in JPMorgan's buyout of Bear Stearns.
Pension funds try to block Bear takeover
Two Michigan-based pension funds are hoping to halt the imminent takeover of Bear Stearns by JPMorgan Chase with a restraining order.
Senate sniffing around Bear deal
The U.S. Senate has joined a laundry list of analysts and shareholders scrutinizing the deal in order to see how it was negotiated and whether it will affect taxpayers.
Blackrock to oversee Bear takeover
BlackRock will manage and liquidate Bear's assets to repay the loans, interest, and management expenses of the company.
Bear Stearns reps get retention deal
Recruiters think JPMorgan's package might not be enough to keep Bear's largest producers from jumping ship.
Bear launches actively managed ETF
AMEX has launched the Bear Stearns Current Yield Fund today, touting it as the the first actively-managed ETF to hit the market.
JPMorgan feeds hungry Bear shareholders
JPMorgan Chase upped its offer to buy Bear Stearns five-fold, to $10 per share, in an effort to calm angry shareholders.
Report: Ousted Bear co-prez laughs last
Former co-president Warren Spector is sitting pretty after cashing out more than $300 million, according to the New York Post.
Report: Shareholders loaded for Bear
Bear Stearns shareholders will likely try to stop JPMorgan from buying up the financial services company for $2 per share.
Betting against Bear: short sellers profit
Shares in Bear Stearns rose yesterday, moving well beyond the $2-per-share price set by JPMorgan to acquire the stricken brokerage firm.
SEC eyeing Bear’s pre-sell statements
The SEC has not ruled out legal action over potentially misleading comments about the financial health of Bear Stearns.
Bear deal calms, but its reps may flee
Today's news that JPMorgan will be buying Bear Stearns has helped calm some of the industry's anxiety about Bear's precarious state.
