bear stearns

JPMorgan to cut Europe investment banking-Bloomberg - Reuters

NEW YORK, July 3 (Reuters) - JPMorgan (JPM.N: Quote , Profile , Research , Stock Buzz ) plans to cut as many as 10 percent of its European investment banking jobs, Bloomberg reported on Friday. The commercial bank, which bought Bear, Stearns & Cos in ...

Fed's Bear portfolio shrinks more than $1 bln - Reuters

NEW YORK, July 3 (Reuters) - The Federal Reserve's portfolio of Bear Stearns assets is currently worth $28.89 billion, the central bank estimated on Thursday, down more than $1 billion from its original value. In March, the Fed orchestrated a buyout ...

too interconnected to allow the investment house to fail

WASHINGTON (MarketWatch) -- Bear Stearns Cos., in the view of the Federal Reserve, simply was too interconnected to allow the investment house to fail, according to the minutes of two emergency meetings that Fed officials held last March. Presented with the full extent of the liquidity crisis facing ...

Grundfest Defends SEC Chief over Journal Article

SEC chairman Christopher Cox was having a bad day yesterday. The Wall Street Journal ran " of Cox’s lack of involvement in the Bear Stearns debacle, writing that he’d been busy at birthday parties and on vacation while the fate of the troubled investment bank hung in the balance. Cox was also schedu ...

Regulators say they're tightening bank oversight - CNN Money

NEW YORK (Associated Press) - Federal regulators told lawmakers Thursday they have stepped up their supervision of large investment banks in a bid to contain risk following the near-collapse of Bear Stearns Cos and turmoil in the financial markets ...

Deja vu: Summer credit worries on Wall Street - Associated Press

NEW YORK (AP) -- The summer heat has hit Wall Street, and everyone's nervous about investment banks' financial results. Sound familiar? At this point last year, reports were surfacing about investors bailing out of a Bear Stearns Cos. fund that bet ...

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