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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: Bear Stearns

Bear Stearns stories: 113 news summaries

81 - 100 of 113 Stories | << Prev 1 2 3 4 5 6 Next >>

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Goldman Analysts Warn of Next Crisis

Commercial real estate outlook even worse than subprime situation

Mar 3, 08 4:10 PM CST
(Newser) - Commercial real estate could be the next victim of the current economic downturn, and if it is, expect it to cause another full-fledged crisis, the Wall Street Journal reports. Commercial real estate values could fall as much as 26% over the next 2 years, Goldman Sachs analysts predict, leading to... More »

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real estate • Citigroup • Goldman Sachs • Morgan Stanley • Bear Stearns • Merrill Lynch • Lehman Brothers • mortgage backed securities • real estate values • commercial real estate • JPMorgan Chase

Bear Stearns CEO Will
Step Down

Add Cayne to
roster of victims of subprime collapse

Jan 8, 08 7:11 AM CST
(Newser) - Add Bear Sterns CEO Jimmy Cayne's to the list of rolling heads in the subprime mortgage market collapse, reports the Wall Street Journal. Cayne, 73, has been the target of board and shareholder angst over the 53% drop in the bank’s stock last year—the largest of any of... More »

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subprime mortgages • Bear Stearns • James Cayne

Bear Stearns Posts First Loss

Subprime writedowns hobble 'bond shop,'  loss almost four times what analysts expected

Dec 20, 07 9:19 AM CST
(Newser) - Analysts expected Bear Stearns to post its first-ever loss today, they just expected it to be smaller. After $1.9 billion in subprime writedowns, the company posted a $6.91 loss per share, dwarfing the $1.82 analysts predicted. Executives gave up their bonuses, as revenue from debt sales and... More »

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subprime mortgages • Bear Stearns • earnings reports • quarterly reports • writedowns

Feds Investigate Bear Stearns Fund Manager

Insider-trading probe targets $2M move ahead of fund collapse

Dec 19, 07 12:00 PM CST
(Newser) - The manager of hedge funds that lost $1.6 billion when they went bankrupt in July has left Bear Stearns, and federal investigators are looking into whether he withdrew his own money before the collapse. Ralph Cioffi moved $2 million in March—before the funds tanked in the subprime collapse—... More »

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insider trading • subprime mortgages • Bear Stearns • SEC • hedge fund • Ralph Cioffi

No Bonus for Bear Stearns Execs

On the eve of announcing its first quarterly loss ever, top execs pass on bonuses

Dec 19, 07 7:41 AM CST
(Newser) - Bear Stearns’ CEO and other top executives, poised to announce the company’s first quarterly loss in its 84-year history tomorrow, are expected to bypass millions of dollars in annual bonuses, an acknowledgment of the dismal year the firm had, driven down by the collapse of the subprime mortgage market... More »

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executive compensation • Bear Stearns • earnings reports • James Cayne

Pervy Billionaire
or 21st-Century
Hugh Hefner?

Oops: Epstein 'playmates' turned out
to be underaged

Dec 11, 07 9:06 PM CST
(Newser) - He owns the largest residence in Manhattan, several planes, and a private island. A superstar financial adviser to seriously wealthy clients, Jeffrey Epstein is also a patron of cutting-edge scientists and an FOB. But, New York magazine writes, he inhabits a sexual dream world populated by young girls giving "... More »

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prostitution • wealth • Bear Stearns • underage sex • child prostitution

NY Subpoenas Wall Street Heavies in Subprime Probe

Cuomo looking into firms' risk assessment

Dec 5, 07 10:42 AM CST
(Newser) - Several high-profile Wall Street firms that packaged and sold subprime mortgages have been subpoenaed by New York prosecutors, the Wall Street Journal reports today. Merrill Lynch, Bear Stearns, and Deutsche Bank—among others—will be asked to explain how the offerings were reviewed before they were sold to investors, and... More »

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subprime mortgages • Deutsche Bank • Bear Stearns • Merrill Lynch • Fannie Mae

Goldman Leads Wall Street Bonus War

Under pressure to
keep talent, losing
firms shell out big

Nov 19, 07 11:56 AM CST
(Newser) - The Big Five Wall Street securities firms will pay $38 billion in bonuses this year—up from $36 billion last year—while shareholders tote up $74 billion in losses, their worst year since 2002, Bloomberg reports. All but Goldman Sachs lost more than 20% of their market value, says an... More »

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Wall Street • Goldman Sachs • Morgan Stanley • Bear Stearns • Merrill Lynch • Lehman Brothers • investment bankers • bonuses

Chinese Pension Fund Considers US Private Equity Deals

Burned by Blackstone, Beijing takes it slow

Oct 30, 07 9:25 AM CDT
(Newser) - China, suffering buyer’s remorse after investing in US private equity firm Blackstone, is taking its time before diving back into that end of the financial pool, reports the Financial Times. The Big Three of US equity firms, Carlyle, KKR, and TPG, are each seeking a minority investment from China’... More »

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China • Blackstone Group • Bear Stearns • US economy • Citic Securities Co.

Afternoon Rally Fades, Revives

Tech-heavy Nasdaq outperforms other indexes

Oct 22, 07 3:45 PM CDT
(Newser) - The markets seesawed today as an afternoon rally faded then revived, led by the tech-heavy Nasdaq. Friday's bloodbath lingered into this morning, but a speech by Fed governor Randall Kroszner raised hopes for a rate cut, reports the Journal. The Dow closed up 44.95 at 13,566.97, the... More »

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Google • Apple • Bear Stearns • markets • Randall Kroszner • Amazon.com

Bear Stearns, China's Citic Trade $1B Stakes

Partnership will develop products,   services for Chinese and Asian markets

Oct 22, 07 9:02 AM CDT
(Newser) - In a welcome boost after this year's devastating subprime losses, Bear Stearns today moved to secure a long-coveted slice of the Chinese market. Stearns and China’s Citic Securities Co. agreed  to invest $1 billion in each other, pooling their Asian resources to develop new products for the Chinese market,... More »

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China • subprime mortgages • mergers and acquisitions • Bear Stearns • Asian markets • Citic Securities Co. • joint ventures

Stocks Rise on Buffett Rumor

Berkshire CEO may buy 20% of Bear Stearns

Sep 26, 07 3:46 PM CDT
(Newser) - The Dow climbed 99.5 points today on the strength of the GM settlement and speculation that billionaire Warren Buffett might buy 20% of beleaguered Bear Stearns. The brokerage helped spur the biggest gain in a week, jumping 7.7% after the Buffett story circulated. Said a trader, “You... More »

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United Auto Workers • Federal Reserve • Dow Jones • General Motors • Warren Buffett • Bear Stearns • Merrill Lynch • Nasdaq • Berkshire Hathaway • S&P 500

Goldman Up Whopping 76% in 3rd Quarter

Bear Stearns drops 61% on mortgage fund losses

Sep 20, 07 10:20 AM CDT
(Newser) - Two financial giants posted dramatic earnings this morning: Goldman Sachs wowed investors with a 79% surge in third quarter net income, while Bear Stearns’ dropped 61% thanks to massive hedge-fund losses. The two were on opposite sides of the subprime collapse. Bear Stearns is among the top packagers of mortgage-based... More »

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stock market • Goldman Sachs • stocks • Bear Stearns • finance

Subprime Crisis Sparks a Spate of Legal Battles

Investors, homeowners, banks head to court, but obstacles lie ahead

Sep 11, 07 11:24 AM CDT
(Newser) - The troubles plaguing Countrywide and Bear Stearns’ hedge funds will move from the boardroom to the courtroom. Homeowners and banks are suing mortgage lenders, shareholders are suing funds, the SEC is investigating executives, and Congress may conduct hearings into credit agencies' practices. The current mess ensnares “an incredible range... More »

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Wall Street • investors • subprime mortgages • Bear Stearns • lawsuit • hedge fund • Countrywide • Enron • Worldcom • homeowners

Billionaire Takes Huge Stake in Bear Stearns

Josephe Lewis becomes largest shareholder with $860M buy

Sep 10, 07 3:30 PM CDT
(Newser) - Billionaire Joseph C. Lewis has bought enough stock to become the largest single shareholder in embattled investment bank Bear Stearns, Reuters reports. The reclusive British-born currency trader bought up $860.4 million in shares over the last month, nabbing a 7% stake. Putnam Investing, the second largest shareholder, owns a... More »

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shareholders • Bear Stearns • mortgage • stock • billionaire • Joseph Lewis • banking

Wall Street Bonuses To Sink

Market crisis hits paychecks

Aug 22, 07 12:31 AM CDT
(Newser) - The credit crisis, which has surged across the global financial infrastructure like a tsunami, washing away millions of share prices, is about to hit one of Wall Street's most hallowed traditions —the fat bonus. The extra pay for all but an elite few may be cut for the first... More »

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private equity • Wall Street • Goldman Sachs • Bear Stearns • hedge fund • credit crisis • bonuses • Whitney Group • Options Group • Glocap Search • financial crisis

Stocks Seesaw as Credit Crisis Deepens

Dow down over 300 points before rallying on rate-cut rumors

Aug 16, 07 3:35 PM CDT
(Newser) - The Dow closed down 15.69 at 12845.78 today, after plummeting 343 points in early morning trading on fears the credit debacle was spilling into the larger market. Investors continued to fret about the rising yen and nervous foreign markets, but rumors that the Fed would cut interest rates... More »

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stock market • NASDAQ • Dow Jones • stocks • Bear Stearns • S&P 500 • financial crisis

BNP Paribas Halts Fund Withdrawals

France’s biggest bank can’t value holdings after credit collapse

Aug 9, 07 12:35 PM CDT
(Newser) - France's largest bank today froze three investment funds threatened by the subprime mortagage collapse, claiming it can’t “fairly” place a value on their rapidly declining assets. Citing the “complete evaporation of liquidity” in the US securities market, BNP Paribas halted withdrawals from the funds, which were worth... More »

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subprime mortgages • Bear Stearns • finance • bank • stock • mutual funds • BNP Paribas

Techs Surge Despite Late Drop

Nasdaq up more than 2%

Aug 8, 07 4:46 PM CDT
(Newser) - The major indexes were up again today, buoyed by the tech sector as the Nasdaq gained 51.38—more than 2%—to close at 2612.98. Losses just before the bell came close to erasing earlier gains, as rumors amplified that Goldman Sachs would liquidate a major fund and that... More »

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stock market • Goldman Sachs • subprime mortgages • Bear Stearns • Freddie Mac • Fannie Mae • Cisco • Countrywide Financial

Bear Stearns Takes Refuge
in Caribbean

Bankrupt hedge funds ticketed for liquidation in friendly Caymans

Aug 7, 07 8:13 PM CDT
(Newser) - Bear Stearns, faced with the implosion of two hedge funds worth more than $1 billion, has decided to liquidate them in the Cayman Islands—a move that will give creditors and investors less access to their money.  Bloomberg forecasts a court battle over the tactic, which an analyst said... More »

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bankruptcy • subprime mortgages • Bear Stearns • hedge fund • Caribbean • Cayman Islands

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