In two weeks in March, a venerable investment bank founded in 1923 was brought to its knees. Here is the inside story of how Bear Stearns, a company whose stock traded at over $100 just last year,...
The two managers of the Bear subprime funds that went under 9 months before the mother ship look to face criminal charges for misleading investors about fund performance just before the funds went...
Jamie Dimon admitted that JP Morgan got a real deal buying Bear Stearns for $10 per share. But it reinforces something I believe which is in tough times, vunreability results in a collapse in...
Article | Submitted Jun 18, 2008 | Views: 86 | Comments: 2
Tags: bear stearns, jp morgan
JPMorgan scooped up the ashes of Bear Stearns for $2 a share. Only a year ago Bear Stearns traded at $170. The deal averts the total collapse of one of the big trading banks.
This week saw an acceleration in the collapse of the financial edifice created on top of the mortgage bubble. As the mortgage bubble deflates, the casualties continue to mount. The Carlyle Group,...
The truth is that nobody really knows to extent to which Chase is providing support here. They really might be just trying to buy a couple of days to take a look. These types of bank liquidity...
Bear Stearns announced its first quarterly loss ever. It's write-down has grown to 1.9 billion. The capital bases of these companies continue to take a whack.
Here's an interesting one.
When Goldman Sachs Group Inc. employees cash their year-end checks, they'll have enough money to buy Bear Stearns Cos.
Goldman, the biggest and most profitable...
The market went higher today on news that legendary value investor is considering taking a stake in beaten up Bear Stearns. The market thinks Buffet knows something about the market, or at least...
Powered by the growth of the Chinese economy, 12 year old brokerage Citic Securities is now bigger than Lehman Bros., Bear Stearns, and Charles Schwab. And the company is only 11 years old! Is...
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