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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: Bear Stearns

Bear Stearns stories: 113 news summaries

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Bear Stearns Could Face
Civil Charges

Regulators probing troubled bank's bond, mortgage practices

Apr 15, 08 4:55 AM CDT
(Newser) - Bear Stearns has been warned it could face civil charges stemming from an SEC probe into its anti-competitive bidding for municipal bonds, the Wall Street Journal reports. The firm is also being investigated by the FTC for alleged violations of consumer protection laws involving its mortgage-servicing unit. Bear Stearns officials... More »

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Bear Stearns • mortgage • SEC • FTC • municipal bonds • EMC • JPMorgan Chase

 Tough Market Greets 
 Bear Castoffs 

Takeover sends bank employees looking for work on post-credit-crunch Wall Street

Apr 7, 08 10:13 AM CDT
(Newser) - Thousands of Bear Stearns employees face uncertain futures after the investment bank's takeover by JPMorgan, and they’re entering a Wall Street beset with problems and bereft of jobs, reports Reuters. "They are coming into a market at a time when Wall Street doesn't offer much opportunity," one... More »

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Bear Stearns • unemployment • Options Group • JPMorgan Chase

Fed, Execs Defend Bear Bailout

Collapse would have spread throughout economy, they argue

Apr 3, 08 12:10 PM CDT
(Newser) - Bear Stearns was just hours from collapse, and letting it go down would have been disastrous, executives and regulators argued on Capital Hill today while defending the controversial bailout, the New York Times reports. Without the takeover, “we would all be facing a far more dire set of challenges,... More »

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Ben Bernanke • Federal Reserve • Bear Stearns • Chris Dodd • Senate Banking Committee • James Dimon • JPMorgan Chase • financial crisis

 Congress to Grill
 Bernanke on
 Bear Stearns

Questions will likely focus on timing and intensity of Fed's actions in brokering deal

Apr 2, 08 8:40 AM CDT
(Newser) - Federal Reserve Chairman Ben Bernanke steps onto a tightrope today for two days of Congressional testimony focusing on the central bank’s starring role in the Bear Stearns bailout. Bernanke likely will be taken to task for not stepping in earlier, and more forcefully, to avert economic chaos, reports the... More »

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Ben Bernanke • Federal Reserve • Bear Stearns • US economy • JPMorgan Chase • financial crisis

Opinion

 'Tinker Bell Market' 
  Fallout Wallops Taxpayers  

Built on the fairy dust of borrowed money, Wall Street was doomed to fall

Apr 1, 08 12:00 PM CDT
(Newser) - Although he doesn't foresee long-term catastrophe, Allan Sloan of Fortune sounds an alarm in today's Washington Post, saying he's "more nervous about the world financial system now than I've ever been in my 40 years of covering business and markets." He dissects "the collapse of a... More »

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Henry Paulson • Bear Stearns • housing crisis • subprime crisis • Allan Sloan

 Lehman Is Selling $3B in Shares 

Firm seeks to calm fears of another Bear Stearns disaster

Mar 31, 08 7:25 PM CDT
(Newser) - Lehman Brothers is selling $3 billion in new shares to allay fears after its stock dropped 42% this year, Bloomberg reports. "We still maintain that we don't need capital, but we've realized that perception is the dominant issue in today's markets,'' said CFO Erin Callan. Lehman fell up... More »

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stock market • Wall Street • Bear Stearns • Lehman Brothers • US economy • securities • subprime crisis • share price • weakening economy • investment banks • financial crisis

OPINION

 Market 'Fix' Just
 Feeds the Beast 

Bush denies need for regulations, Krugman writes in NYT

Mar 31, 08 5:08 PM CDT
(Newser) - The Treasury plan unveiled today will never rein in free-wheeling markets because it isn't intended to, Paul Krugman writes in the New York Times. President Bush, who for 7 years has slashed at regulations, ignores how well they harness deposit-taking banks. And he denies that "non-depository" banks like Bear... More »

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Federal Reserve • Henry Paulson • Bear Stearns • regulation • George W. Bush

Bear Stearns Chairman Sells $1B Stake for $61M

Cayne bites the bullet with his company

Mar 28, 08 6:47 AM CDT
(Newser) - Bear Stearns Chairman Jimmy Cayne yesterday became the poster boy for the company’s fall from grace, selling his one-time $1 billion stake in the investment bank for a mere $61.3 million, reports the Wall Street Journal. Cayne sold 5.7 million shares he’d acquired for $10.... More »

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Bear Stearns • market • James Cayne • James Dimon • JPMorgan Chase

 2 Probes Launched Into 
 Bear Stearns Deal  

Two Senate panels to investigate takeover

Mar 27, 08 4:40 AM CDT
(Newser) - The controversial acquisition of Bear Stearns by rival JP Morgan Chase, aided by billions of dollars of government credit, is about to become one of the most scrutinized deals in Wall Street history. Two separate Senate investigations will soon be under way, one by the Banking Committee and another by... More »

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Federal Reserve • Bear Stearns • SEC • Chris Dodd • Senate Finance Committee • Charles Grassley • Treasury Department • Max Baucus • Senate Banking Committee • JPMorgan Chase • Capital Markets Summit • Glass-Steagall Act

Paulson Wants Closer Tabs on Investment Banks

More transparency needed if they're to borrow from Fed, Treasury chief says

Mar 26, 08 2:25 PM CDT
(Newser) - Treasury Secretary Henry Paulson said today that investment banks owe the government more information about their financial condition if they are occasionally allowed to borrow money from the Federal Reserve, the New York Times reports. Paulson seemed to call for tighter regulations before calling the recent bailout of Bear Stearns... More »

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Federal Reserve • Henry Paulson • Bear Stearns • Treasury Department • investment banks • commercial banks • discount window • financial crisis

Bear Stearns Staffers Gird for Mass Layoffs After $3B Hit

After losing their shirts, half will also lose jobs

Mar 26, 08 7:30 AM CDT
(Newser) - The Icarus-like fall of Bear Stearns stock, trading as high as $170 a share a year ago before plummeting to $2 last week, has cost Bear employees—who once owned nearly a third of the company—more than $3 billion. That's even after JPMorgan raised its bid for the investment... More »

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Federal Reserve • Bear Stearns • acquisition • takeover • buyout • JPMorgan Chase

Bad Credit News Means
Good Tidings for Analysts

Demand for financial insight buoys Breaking Views, other sites

Mar 24, 08 5:01 PM CDT
(Newser) - The Bear Stearns crisis was bad news for many, but it was good news—or at least good business—for financial analysts at London-based Breaking Views. The credit crunch is increasing demand for the company’s financial insights, offered online and, through various partnerships, in print. Breaking Views is seizing... More »

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Wall Street Journal • Bear Stearns • Financial Times • finance • online news • credit crisis • Economist • subprime crisis • economy • Breaking Views • Hugo Dixon • Daylife • Upendra Shardanand • Maziar Darvish • Internet Business Group • financial crisis

MARKETS

 Bear Bid Boosts Stocks 

Unexpectedly strong home sales also spur rally

Mar 24, 08 3:49 PM CDT
(Newser) - Stocks ended up today, thanks to JPMorgan's increased bid for Bear Stearns and unexpectedly strong monthly home-sales data. Still, investors remained cautious, the Wall Street Journal reports. "Who knows if there's going to be another Bear Stearns out there?" an analyst asked. The Dow finished up 187.32 at... More »

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stock market • Bear Stearns • JPMorgan Chase

 JPMorgan Boosts Bear 
 Stearns Offer to $10/Share 

Bank hopes to stem criticism by quintupling bid

Mar 24, 08 9:38 AM CDT
(Newser) - JPMorgan will quintuple its takeover offer for Bear Stearns, setting a new $10-per-share price today after a weekend of tense renegotiations. Bear shareholders had objected to the proposed $2 deal, saying the bank-saving bid was a heist. JPMorgan is also buying 95 million more shares of the bank, which will... More »

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Bear Stearns • subprime crisis • JPMorgan Chase

 JPMorgan in Talks to
 Boost Bear Stearns Bid 

Attempt to mollify furious Bear stockholders

Mar 24, 08 4:00 AM CDT
(Newser) - JPMorgan Chase was in negotiations last night to quintuple its bid for Bear Stearns following a storm of angry protests by Bear shareholders over the initial bargain-basement deal for the investment banking giant, reports the New York Times. Under the new deal, JPMorgan Chase would pay $1 billion—$10 a... More »

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Federal Reserve • Bear Stearns • Treasury Department • subprime crisis • JPMorgan Chase • credit market chaos

Lawmakers Gird for Battle Over Wall Street Reforms

Dems, GOP split
over regulation

Mar 23, 08 8:04 AM CDT
(Newser) - Lawmakers are debating how to regulate and oversee financial institutions to prevent another Bear Stearns near-catastrophe. But exactly what that solution should look like depends on who's doing the proposing. President Bush and Wall Street say that Washington's heavy hand could hamstring the industry’s ability to innovate, reports the... More »

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Congress • Wall Street • Goldman Sachs • Bear Stearns • recession • regulation


 Cramer:
 the Bear
 Has Been
 Tamed 

Bombastic market guru says Bear deal marks end of crisis; buy JP Morgan

Mar 21, 08 11:11 AM CDT
(Newser) - We've hit bottom, Jim Cramer proclaims. Bear Stearns' collapse may have been apocalyptic in scale, but it at least woke up a complacent Fed and Treasury secretary, the bombastic market guru writes in New York today. “We’ve been through dozens of false bottoms,” he says, but... More »

MORE ABOUT:
Ben Bernanke • Henry Paulson • Bear Stearns • Jim Cramer • bear market • subprime crisis • JPMorgan Chase

Hedge Funds Cash In
on Collapse of Bear

Wagering the securities firm stock would fall paid off millions

Mar 20, 08 9:25 AM CDT
(Newser) - The epic collapse of Bear Stearns didn't mean bad news for everyone on Wall Street—several big hedge funds made a mint off it, the Wall Street Journal reports. The funds essentially placed bets that Bear would stumble, then raked in millions when the security firm's shares took a nosedive.... More »

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Wall Street • Bear Stearns • SEC • hedge fund • short selling • Harbinger Capital

Bear Stearns Hires Trauma Counselors

Bank's employees facing loss of savings, jobs after buyout

Mar 19, 08 5:15 PM CDT
(Newser) - Bear Stearns will provide grief counseling for employees facing decimated stock holdings, and the possible loss of their jobs, after the bank's sale to JP Morgan, ABC News reports. "Anything that effects human behavior or emotions at work are the areas where we focus," says one such professional.... More »

MORE ABOUT:
Bear Stearns • credit crisis • grief counselors • JPMorgan Chase

ANALYSIS

Crisis Is More
of Confidence Than Credit

Times scribe connects dots from housing boom to Bear Stearns

Mar 19, 08 11:39 AM CDT
(Newser) - The credit crisis that’s roiled financial markets has its genesis in the housing boom that began in 1998, David Leonhardt writes in the New York Times. The boom led lenders to create new financing options—including subprime loans—as investors saw potential for huge returns. Low interest rates encouraged... More »

MORE ABOUT:
Ben Bernanke • subprime mortgages • Bear Stearns • home sales • home loans • credit crisis • financial crisis

41 - 60 of 113 Stories | << Prev 1 2 3 4 5 6 Next >>


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