Bear Stearns
Lehman Brothers files for bankruptcy protection
Lehman Brothers has filed for bankruptcy. In an announcement early this morning, the firm said it intended to file a petition under Chapter 11 with the Southern District Court of New York.
Derivatives Summit: Investors should heed lessons of crisis, summit told
Investors should heed the lessons of the credit crunch by changing the products they invest in, said senior BNP Paribas bankers speaking at Risk ’s 2008 Derivatives Summit in London.
Former Bear hedge fund bankers charged
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Bear bankers face charges over hedge fund losses
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Ex-Bear staff leave JP Morgan only two months into their jobs
Jeff Mayer and Craig Overlander are departing JP Morgan after being appointed to senior positions at the bank in early April.
JP Morgan launches placement programme for Bear Stearns staff
JP Morgan has launched a programme to place thousands of the Bear Stearns employees that are to be made redundant after its takeover of the rival bank.
Really too big to fail?
Are bulge-bracket investment banks really too big to be allowed to fail? Despite the upheavals such a failure would cause, the consequences may have been overblown, argues David Rowe
On thin ice
Following the near-collapse of Bear Stearns, even trades conducted with interbank dealers can no longer be considered risk-free. With so much of the derivatives market concentrated in the hands of a few dealers, what would happen if a major counterparty…
JP Morgan announces new heads post-merger
JP Morgan has appointed five Bear Stearns executives to top positions, in its first senior management restructuring since it rescued the rival bank.
SEC chairman backs update to liquidity guidelines
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JP Morgan buys Bear Stearns after receiving Fed guarantee
JP Morgan, the middleman in the Federal Reserve's discount-window attempt to prop up Bear Stearns on Friday, will buy the troubled bank at a knockdown price.
Fed bails out Bear Stearns
The Federal Reserve Bank of New York has stepped in to prevent insolvency at Bear Stearns, offering to provide liquidity through JP Morgan.
Bear Stearns names Loic Meinnel as new European head of foreign exchange
Loic Meinnel has joined Bear Stearns as head of foreign exchange for Europe. He will also be the firm’s global head of foreign exchange options and the European co-head of emerging markets.
New CEO for Bear Stearns Securities Corporation
Michael Minikes has been named chief executive officer of Bear Stearns Securities Corporation (BSSC), which conducts Bear Stearns’ clearing operations. Robert Upton will assume the title of treasurer of the New York-based parent organisation The Bear…
Cayne bows out of Bear Stearns
James Cayne, chairman and chief executive of Bear Stearns, is the latest bank executive to lose his job as a result of large quarterly losses, according to news reports. The firm’s president, Alan Schwartz, who has been with the firm since 1976, is…
Write-downs mount in run-up to Christmas
Bear Stearns is the latest in a string of banks forced to reveal higher write-downs than expected.
Bear Stearns slashes 650 jobs
Bear Stearns will cut 650 jobs before the end of the year as part of the bank’s cost-cutting drive, after heavy subprime mortgage-related losses earlier in the year.
Financials dominate CDS trading again
Credit default swap (CDS) trading activity in the US focused on the financial sector in October, according to a release by New York-based broker GFI Group.