Hints and tips:
...He later headed the investment bank from London, before rising to president in 2016 after the departure of wealth boss Greg Fleming, who quit and now runs Rockefeller Capital....
...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...
...Covepoint Capital, a New York-based hedge fund set up by former Bear Stearns employee Melissa Ko in 2008, is just one example of a large hedge fund that succumbed to this desire for greater freedom....
...It was also good news for the Federal Reserve, which acquired more than $4bn in Hilton debt that had been on the Bear Stearns balance sheet as part of JPMorgan’s purchase of the troubled security firm in...
...Covepoint Capital, a New York-based hedge fund set up by former Bear Stearns employee Melissa Ko in 2008, returned all outside money to investors and converted the business to a family office at the end...
...Lehman Brothers and Bear Stearns both went belly up during the crisis....
...Former peers such as Lehman Brothers’ Dick Fuld and Bear Stearns’ James Cayne lost their jobs as their banks failed....
...Seven years to the week before Greg Smith offered his blistering criticism of Goldman Sachs, his employer, eight former Morgan Stanley executives and directors went public with their own concerns about that...
...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....
...Having survived this transformation, the former chairman of the now defunct bank Bear Stearns’ equity committee never intends to return to midtown’s harsh streets. There is no need....
...Jimmy Cayne, the former CEO of Bear Stearns, left with about a $400m fortune....
...In December 2007, after the real estate bubble burst and when the plummeting value of collateralised debt obligations had generated billions of dollars in losses at Merrill Lynch, Bear Stearns and Citigroup...
...Mr Rajaratnam was a managing member of the Galleon family of hedge funds and Ms Chiesi had been at Bear Stearns Asset Management before moving to New Castle Partners following the sale of Bear Stearns to...
...The e-mail traffic concerned the subprime mortgage market, which would help bring down the funds they worked for – as well as Bear Stearns itself....
...On June 14, the pair of subprime-mortgage-bond hedge funds effectively owned by Bear Stearns were in freefall....
...to Goldman’s calculations, since 2000 the bank has paid out 46.7 per cent of its revenues to employees, well below the 52.1 per cent paid by current and former competitors such as Morgan Stanley, Bear Stearns...
...He uncovers and glorifies a merry band of financial iconoclasts and misfits – with names such as Steve Eisman, Michael Burry, Greg Lippman and Charlie Ledley (that’s right, you’ve never heard of any of them...
...In early 2008, Mr Immelt assured investors that GE would once again meet expectations, but the collapse of Bear Stearns hurt the company’s ability to sell assets and resulted in a negative surprise for investors...
...Goldman’s profit, which was nearly four times higher than in the third quarter of 2008, underscores its status as one of the winners from a crisis that eliminated two rivals - Lehman Brothers and Bear Stearns...
...It soon emerged that BofA lost $3.2bn in liquidity put options through the failure of the Bear Stearns hedge funds alone....
...With the collapse of Bear Stearns and Lehman Brothers last year and the decimation of Bank of America’s own securities business following its acquisition of Merrill Lynch, Mr Costas sees a new era of opportunity...
...Additional reporting by Greg Farrell, Francesco Guerrera, and Alan Rappeport in New York...
...It was not until the collapse of Bear Stearns and subsequent fire sale to JPMorgan Chase in March 2008 that BarCap’s top executives – including Bob Diamond, chief executive, and Mr del Missier – began to...
...Additional reporting by Greg Farrell in New York...
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