Bear Stearns Cuts 300 Jobs Following Credit Turmoil (Update2)
Story date: 2007-10-29 02:16:00
Added on: 2007-10-29 15:00:23
Bloomberg - Investors shunned debt and securities with higher rates of default after two Bear Stearns hedge funds that invested in subprime mortgage assets collapsed in July. ``Structured credit hit everybody on Wall Street, so they're all cutting ...
Read more...
Related Stories:
-
Bear Stearns' Bad Bet
BusinessWeek - Bear Stearns' Bad Bet Two Bear Stearns hedge funds soared by specializing in ... of Bear Stearns and played up...
2007-10-11 03:06:00 -
Brazil's Real Weakens After Fed Rate Cut, Bear Stearns Collapse
Bloomberg - March 17 (Bloomberg) -- Brazil's real fell as investors shunned higher-yielding securities after the Federal Reserve cut its discount interest...
2008-03-17 01:32:00 -
Corporate Debt Risk Rises Fourth Day on U.S. Economy Concerns
Bloomberg - Credit-default swaps tied to financial companies including Bear Stearns Cos. and Merrill Lynch & Co. increased on concern that losses...
2008-01-07 01:12:00 -
Bear Stearns Bailed Out by Fed, JPMorgan
Newsday - Last summer, two hedge funds worth billions of dollars managed by Bear Stearns collapsed because of bad bets on securities...
2008-03-14 08:42:00 -
Bear Stearns earnings fall
MSNBC - ... debt market and wrong-way bets on mortgages crunched the investment bank’s credit ... Bear’s core strength had been...
2007-09-20 07:03:00 -
Bear Stearns Net Drops Most in Decade on Credit Rout (Update3)
Bloomberg - ... Bear Stearns Cos., the securities firm hit the hardest by the collapse of the subprime mortgage ... The...
2007-09-20 07:17:00 -
Market panic after Bear Stearns reports
Daily Telegraph - Panic swept the credit markets on reports of an insolvency crunch at both the US investment bank Bear Stearns...
2008-03-11 06:29:00 -
Citic and Bear Stearns (Financial Times)
An announcement from a US investment bank that does not feature mortgages is bound to be a relief. Bear Stearns ’ tie-up...
2007-10-22 11:42:10