Displaying 102 results
JPMorgan could cut 7,000 Bear jobs
JPMorgan Chase, which bought Bear Stearns for $240 million, expects to cut about half of Bear's 14,000 employees.
Fed cuts discount rate
The Federal Reserve yesterday slashed the discount lending rate by a quarter-point to 3.25%, as part of a set of initiatives to bolster market liquidity and promote "market functioning.”
Fed, JPMorgan assist Bear Stearns
The Federal Reserve and JPMorgan Chase & Co. have agreed to provide secured financing to beleaguered Bear Stearns.
Bear buyout countdown
Shares in Bear Stearns tumbled 15% this morning amid fears that the bank doesn’t have enough capital to survive.
Bear unveils actively managed ETF
the Bear Stearns Current Yield Fund (YYY) will begin trading on the American Stock Exchange on March 18.
Bear Stearns shares take record dive
Bear Stearns' stock dropped 11.3%, or $7.94, to $62.14 in composite trading on the New York Stock Exchange.
Team jumps from Bear to Morgan Stanley
Frank Botta, Dan McCarron and Michael Coyne produced $3.3 million in fees and commissions, industry sources said.
Investors seize defunct Bear hedge funds
Investors have seized two Bear Sterns hedge funds, in hopes that they will gain a chance to meet the company in court, according to the Financial Times.
Bear appoints prime-brokerage chief
As chief executive of Bear Stearns Securities, Michael Minikes will helm the firm's global clearing and prime brokerage businesses.
Another Bear fund bites the dust
The Bear Stearns Asset Backed Securities fund held about $900 million of investments.
Cayne mutiny: Bear boss is out
James Cayne will retain the role of chairman and will be replaced by Alan D. Schwartz, the company's president.
Lewis takes another bite of Bear
Joseph Lewis, the British billionaire, increased his stake in Bear Stearns from 8.01% to 9.57% this month.
Barclays next up to sue Bear
Burned in the aftermath of Bear Stearns’ two collapsed hedge funds, Barclays has sued the firm and a pair of its fund managers.
Bear takes $859 million 4Q hit
The Bear Stearns Cos. Inc. posted its first quarterly loss in the company's 84-year history.
Report: Insiders bailed on Bear funds
Insiders removed investments while outsiders were blocked from making withdrawals, according to BusinessWeek.
Lewis bullish on Bear Stearns stake
Billionaire Joseph Lewis has raised his stake in Bear Stearns to 8.01%, according to a filing with the SEC.
Bear hid dire state of funds, say investors
Investors in Bear Stearns' two collapsed hedge funds have filed arbitration claims against firm, according to Reuters.
Bear said to jettison 4% of workforce
Bear Stearns will slash 650 jobs in an effort to cut costs at its investment bank, according to published reports.
Massachusetts accuses Bear Stearns
Bear Stearns Asset Management was charged with engaging in improper trading activities in two of its hedge funds that collapsed during the summer.
Write-downs plague Bear, HSBC
Bear Stearns will record a $1.2 billion write-down in the fourth quarter, while HSBC will take a $3.4 billion hit.
