Hints and tips:
...Paul C Wirth, Morgan Stanley’s financial controller at the time, recalls that, when the bank’s risk department initially underestimated subprime losses, “We knew it was much, much more than that.”...
...That has made a C-corporation structure a lot more palatable. Ares and KKR were the first fund managers to take the conversion plunge last year....
...“She developed a strategy that aimed at the middle and pushed the other candidates to the extreme,” says Stearns....
...We also wonder whether it would be desirable, never mind popular, for Detroit and Puerto Rico to “receive a comparable response from the Fed” as the failures of AIG and Bear Stearns, as Konczal and Mason...
...Most of Cross River’s growth since it was founded a decade ago by Gilles Gade (pictured below) a former Bear Stearns and Barclays banker, has come from serving online lenders: charging between 20 and 25...
...Electing to become a C-corporation, as the company announced it would do on Thursday, will increase KKR’s tax rate from 7 to 22 per cent....
...Mr Malpass, a former Bear Stearns economist who is set to become Donald Trump's top economic diplomat, laid out the story as an example of US resilience and the importance of strong leadership....
...A fortnight later, two Bear Stearns hedge funds collapsed. The crisis had arrived. Now, as per tradition, came opportunity....
...After the financial world stayed positive in the wake of the collapse of two Bear Stearns’ hedge funds in the spring of 2007, he compared AAA ratings to a floating brothel. “AAA? You were wooed Mr....
...We will be more specific: the bailout looks very much like the Bear Stearns moment....
...The US government’s allegations involve JPMorgan, and two entities it acquired during the financial crisis, Bear Stearns and Washington Mutual, these people say....
...JPMorgan is arguing over the extent to which it should be responsible for the actions of Bear Stearns and Washington Mutual, both institutions that the bank bought during the crisis with the encouragement...
...Though I realise you all have better access to insights on these sorts of points . . . ] 6) In addition (a) impact on our prestigious universities from exclusion of EU grants; (b) Brits domiciled in EU; (c)...
...“Americans don’t think of free-trade with Europe as necessarily being a winner,” Mr Stearns said. Reaching a deal would require the president’s full commitment to sell it, he said....
...Since then, the auditor overseeing FHFA has found additional Bear Stearns mortgage securities that may have caused the two housing groups losses....
...Yet, in the more rural parts of northern Florida, voters were more likely to revolt against “establishment” candidates such as Mr Stearns....
...The potential defeat of Mr Stearns would send shockwaves across Capitol Hill....
...A partner at his firm, Larry Iason, had been retained already by Mark Kurland, the Bear Stearns executive turned hedge manager who was taken into custody that day....
...When policy debates are dominated by the c-word, you know we are out of practical ideas....
...But when the crisis erupted at Bear Stearns and Lehman Brothers in 2008, the importance of the repo market became clear....
...In July 2007, two of Bear Stearns’ mortgage-related hedge funds had imploded. In August, BNP Paribas suspended the valuation of mortgage-backed investment funds because liquidity was drying up....
...For the dealmaker that helped create Citigroup before merging Bank One with JPMorgan Chase and then snatching Bear Stearns and Washington Mutual during the crisis, does the future hold more acquisitions?...
...See: exhibit 03-2008, Bear Stearns....
...(P.A.C. 293-296.)...
...The Fed has yet to recoup the money leant to JPMorgan in the Bear Stearns rescue; and its later Maiden Lane programmes, created to help AIG, have not been repaid either....
International Edition