Hints and tips:
...“The visual arts world and the music arts world . . . have tremendous influence culturally,” Thornton said. “People really care . . ....
...After Bear Stearns collapsed a decade ago, its last serving chief executive Alan Schwartz had a clear goal: build a new dealmaking firm with the capabilities of a Bear, but without the big leveraged bets...
...The duo did not get along and Corzine was forced out in a coup involving John Thain and John Thornton....
...Generally, HSBC has looked lumbering compared with rivals like JPMorgan which snapped up Bear Stearns and Washington Mutual, or Barclays, which snared Lehman’s US business....
...It is also known that Bear Stearns – and as a result current owner JPMorgan – may have lost $100m....
...Mr Thornton is chairman of the Brookings Institution. Mr Hubbard and Mr Thornton co-chair and Mr Scott directs the Committee on Capital Market Regulation...
...Around this time, Bear Stearns, now part of JPMorgan Chase, also put up “around $100m” for Mr Kiener to invest, according to a person familiar with the investigation....
...Banks have gone under before – Bear Stearns made emergency preparations for a Chapter 11 filing before being rescued by JPMorgan in March....
...Failed hedge funds run by Bear Stearns, the US investment bank, have also had their attempt to win recognition rejected, and are appealing, although they have close ties with the US, unlike Basis....
...Steve Akers, a partner at Grant Thornton, the accountants, said banks had not been forcing troubled funds out of business because they did not want to realise the losses now....
...Grant Thornton also declined to comment, and Basis did not return calls....
...Creditors said the $1bn manager missed margin calls on Monday for its Basis Yield Fund, and has appointed accountants Grant Thornton as restructuring advisors....
...Neither Basis nor Grant Thornton returned calls seeking comment....
...Lloyds TSB provided the main talking point in a firm day of trading in London on Tuesday as a vague rumour floated round that either Bear Stearns, the US group or Spanish group Banco Bilbao Vizcaya (BBVA...
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