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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Bear Stearns

Bear Stearns stories: 113 news summaries

21 - 40 of 113 Stories | << Prev 1 2 3 4 5 6 Next >>

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 Lehman 
 Employees 
 Feeling 
 the Pain 

With the share price plunging and no buyers on the horizon worry turns to fear

Sep 12, 08 8:03 AM CDT
(Newser) - Lehman Brothers employees who watched their colleagues at Bear Stearns lose their jobs earlier this year are preparing for a similar fate in an already clogged field, reports the New York Times. “Everyone is walking around like they have just been Tasered,” said one Lehman employee. Making matters... More »

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Bear Stearns • Lehman Brothers • takeover • share price • spinoff • financial crisis

OPINION

Lehman Doomed by Market Schadenfreude, Bear Bailout

Everyone's enjoying watching giant fall, Lewis writes

Sep 11, 08 10:18 AM CDT
(Newser) - All it took was a single anonymously sourced report Tuesday to send Lehman Brothers down about 50% in 15 minutes. This proves two things, writes Michael Lewis: The market is jittery, and “Lehman Brothers is doomed.” The big bank’s fate is sealed in part “because it... More »

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Federal Reserve • Bear Stearns • Lehman Brothers • credit market chaos • financial crisis

A Believer in Hands-Off
Now a Defender of Hands-On

Treasury chief Henry Paulson has turned to intervention to calm markets

Jul 25, 08 1:15 PM CDT
(Newser) - Treasury Secretary Henry Paulson is in the midst of a reluctant about-face of his economic principles. The Los Angeles Times looks at how Paulson—a former chief executive at Goldman Sachs with a long history of faith in laissez-faire capitalism—has had to become the point man for the Bush... More »

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Henry Paulson • Bear Stearns • US economy • Freddie Mac • Fannie Mae • Treasury Department • subprime crisis • JPMorgan Chase • financial crisis

ANALYSIS

Demonizing Shorters Won't Save the Likes of Lehman

Darwinian market bloodletting may eliminate raider targets

Jul 19, 08 9:34 AM CDT
(Newser) - Short-sellers have the power to utterly crush Lehman Brothers, as they did Bear Stearns, writes James Cramer in New York, but it's largely Lehman's own fault. Lehman shares much of the "mismanagement, arrogance and recklessness" that brought down Bear, Cramer opines in a piece that says excoriating short-selling hedge... More »

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Bear Stearns • SEC • financial markets • hedge fund • Lehman Brothers • short selling • financial crisis

SEC Aims to Check False Rumors on Wall Street

Feds worried about false info in skittish market, but nailing culprits is tough task

Jul 14, 08 9:15 AM CDT
(Newser) - After months of urging from business, the Securities and Exchange Commission announced plans yesterday to clamp down on the rumor mill that can induce Wall Street gyrations with false information. Last week's market turbulence pushed the feds to make the move before this week's trading, the New York Times reports—... More »

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Wall Street • investigation • Bear Stearns • SEC • Lehman Brothers • rumor • securities fraud

glossies

 Baffled Execs Say
 Rumor Killed
 Stearns 

They claim hedge funds, Goldman Sachs invented bad news for profit

Jul 5, 08 12:06 PM CDT
(Newser) - Bear Stearns' collapse and shotgun marriage to JP Morgan were sparked by little more than a rumor, Vanity Fair reports. True, the investment bank had stumbled—a $1.6 billion bailout of troubled funds hurt its image—but whispers of liquidity problems were false: Bear had $18 billion in cash... More »

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Federal Reserve • Bear Stearns • credit crisis • subprime crisis • investment banks • JPMorgan Chase • financial crisis

Fed Feared 'Contagion'
If Bear Failed

Bernanke and crew
felt they had to act,
minutes show

Jun 27, 08 1:30 PM CDT
(Newser) - If the Fed hadn't taken the unprecedented step of helping bail out Bear Stearns, a sweeping "contagion" would have doomed the markets, its members say. In newly released minutes from its March 16 meeting, the Fed reasons that the “prominent position of Bear Stearns” left it no choice... More »

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Ben Bernanke • Federal Reserve • Bear Stearns • financial markets • financial crisis

MARKETS

 Citi's Blahs Make Little Dent 

Drop in oil prices help stocks finish slightly higher

Jun 19, 08 3:38 PM CDT
(Newser) - Stocks posted moderate gains today as oil futures dropped below $135 per barrel on news of China's move to raise prices by trimming subsidies, MarketWatch reports. With traders little moved by warnings of further writedowns ahead for Citigroup, the Dow closed up 34.03, at 12,063.09. The Nasdaq... More »

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Citigroup • Dow Jones • Bear Stearns • financial markets • Nasdaq • credit crisis • oil price • S&P 500

Email May Toast Arrested Bear Fund Managers

Pair faces charges
of misleading investors in $1.6B collapse

Jun 19, 08 10:16 AM CDT
(Newser) - A pair of former Bear Stearns hedge-fund managers arrested today on federal fraud charges could be done in by an email in which one described their market position as "toast"—days before telling investors it was "quite comfortable." Matthew Tannin and Ralph Cioffi will be indicted... More »

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Bear Stearns • hedge fund • indictment • wire fraud • securities fraud • financial crisis

 Paulson Seeks
 Expanded
 Fed Powers 

Treasury secretary says Fed role needs to be revised, upgraded to respond to risk

Jun 19, 08 6:39 AM CDT
(Newser) - Treasury Secretary Henry Paulson today will urge Congress to broaden the Federal Reserve’s oversight role on Wall Street, giving it the authority to demand data from financial institutions to help prevent incidents like the Bear Stearns collapse. Any major change in regulatory authority would have to be approved by... More »

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Ben Bernanke • Federal Reserve • Henry Paulson • Bear Stearns • oversight • Federal Reserve Bank of New York

ANALYSIS

 Cramer:
 Never Seen
 Wall Street
 This Bad 

Analyst sees no end in sight for layoffs and write-downs

Jun 16, 08 12:02 PM CDT
(Newser) - While he steers clear of the Great Depression, everything else is fair game as reference in James J. Cramer’s apocalyptic appraisal of Wall Street for New York. In Cramer's 25 years, he's seen lots of implosions, but this one is different: With thousands of layoffs at major shops,... More »

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Wall Street • Morgan Stanley • Bear Stearns • finance • Lehman Brothers • subprime crisis • JPMorgan Chase • opinion • financial crisis

Lehman Posts $2.8B Loss, Stuns Wall St.

Investors fear that banks, securities firms still in trouble

Jun 9, 08 11:00 AM CDT
(Newser) - Lehman Brothers shocked Wall Street today by posting a $2.8 billion quarterly loss, its first in 14 years and far worse than expected, the Wall Street Journal reports. Other downmarket reports added to investor anxiety, sent stocks falling, and boosted fears that banks and securities firms remain troubled. As... More »

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Wall Street • Bear Stearns • Lehman Brothers • credit crisis • subprime crisis • bank failure • financial crisis

Shareholders Rubber-Stamp Bear Selloff

84% OK JPMorgan buyout; chairman 'sad' over firm's demise

May 29, 08 12:21 PM CDT
(Newser) - The buyout of Bear Stearns neared finality today with 84% of shareholders voting in favor of acquisition by JPMorgan Chase, the Wall Street Journal reports. Chairman James Cayne shared his feelings publicly with shareholders about the bank’s demise for the first time: "I personally apologize,” he stated,... More »

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shareholders • Bear Stearns • James Cayne • liquidity • credit crisis • investment banks • JPMorgan Chase

JPMorgan Leads Hunt to Place Bear Workers

Firm pitches in to
help 5K employees
laid off after takeover

May 19, 08 10:10 AM CDT
(Newser) - JP Morgan hopes to find jobs for 5,000 Bear Stearns employees cut when it acquired the brokerage in March, the Financial Times reports. CEO Jamie Dimon is sending letters to rivals and clients, and the company has contacted 1,800 firms urging them to consider former Bear workers. The... More »

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Wall Street • Bear Stearns • unemployment • subprime crisis • JPMorgan Chase • credit market chaos

 Recession Fears
 Overblown: Economists 

Fed's actions key strong economic reports, signs of market recovery

May 14, 08 9:50 AM CDT
(Newser) - A growing number of economists are saying, cautiously, that the US might have pulled back from the brink of recession, the Wall Street Journal reports. The experts credit swift action by the Federal Reserve to lower interest rates and save Bear Stearns in March, and even the ongoing distribution of... More »

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stock market • Federal Reserve • Bear Stearns • recession • credit market • consumer prices • economic stimulus package

 Treasury Boss: Worst Is Over 

Paulson says US emerging from storm

May 7, 08 2:45 AM CDT
(Newser) - The US is emerging from the credit woes triggered by the turmoil over subprime mortgages—despite the continuing wave of foreclosures across the nation, according to Treasury Secretary Henry Paulson. Paulson, in the most positive comments yet from the White House on the nation's economic troubles, in part credited the... More »

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Federal Reserve • Henry Paulson • Bear Stearns • foreclosure • Freddie Mac • Fannie Mae • Federal Housing Administration • credit crisis • subprime crisis • financial crisis

 Bear Bailout Called 'Worst Mistake in a Generation'

Bear Stearns move 'worst mistake in generation,' he charges

Apr 29, 08 8:18 AM CDT
(Newser) - A former top-ranking Fed official has called the central bank's decision to bail out Bear Stearns its "worst mistake in a generation," the Wall Street Journal reports. The official, former chief of monetary policy, compares the hasty move to errors that helped trigger the Great Depression. He accused... More »

MORE ABOUT:
Federal Reserve • Bear Stearns • liquidity • banking • Great Depression • monetary policy • financial crisis

 Are Wall Street Banks 
 Ready to Risk Again? 

Return to corporate bonds among likely signs crisis is easing

Apr 28, 08 9:48 AM CDT
(Newser) - Wary investors appear to be returning to Wall Street, the Journal reports, buying back into higher-risk debt issues from the likes of troubled Citigroup and Merrill Lynch. “Risk taking has come back in the market,” said one expert. More »

MORE ABOUT:
Citigroup • housing market • Bear Stearns • Merrill Lynch • gold prices • economy • JPMorgan Chase

OPINION

 J'Accuse, Part Deux 

Ben Stein's second examination of the financial meltdown

Apr 27, 08 1:08 PM CDT
(Newser) - Economist, writer, actor, and lawyer Ben Stein follows up his December excoriation of Goldman Sachs' contribution to the subprime crisis with a look in today's New York Times into how Wall Street executives can get away with reckless behavior at the expense of the public. This time he targets the... More »

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Wall Street • Bear Stearns • Ben Stein • subprime crisis • David Einhorn

New Hires at Bear Stearns
Axed Before They Start

Bank's collapse sends college grads job-hunting in a tough market

Apr 19, 08 4:30 AM CDT
(Newser) - Hundreds of college grads who thought they had landed dream positions with Bear Stearns were canned before their first day on the job, the Wall Street Journal reports. As the giant bank began to implode, the students were at first assured their new jobs were safe—but then were sent... More »

MORE ABOUT:
Wall Street • layoffs • Bear Stearns • unemployment • JPMorgan Chase

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