Hints and tips:
...Jerome Kohlberg, their mentor at Bear Stearns, was the other founder. He died in 2015....
...(Nikkei Asian Review) Bear Stearns a decade on The FT’s US banking editor has a deep dive on how Jamie Dimon came to rue his Bear Stearns deal....
...Toys R Us and Maplin yield to high street’s chill winds The UK arm of Toys R Us called in administrators on Wednesday morning after failing to find a buyer....
...(Bloomberg) Bear bailout 10 years on from the collapse of Bear Stearns, the principals involved in its rescue by JPMorgan reflect on its consequences....
...“We can be early innovators because we can afford the R&D needed do things that perpetuate our advantages in intellectual capital....
...Shares were trading at R$14.59, up 1.74 per cent, on Wednesday while the broader market was up 0.9 per cent....
...(Richard Rowe, a Round Hill Music partner and former president of Sony/ATV, is the son of the former Decca Records A&R man who signed the Rolling Stones but turned down The Beatles in 1962.)...
...At the end of last year, Banks, a young musician from suburban Los Angeles who sings floaty, R&B-infused melodies, was selected as one of 2014’s acts to watch by the BBC....
...R. R. Tolkien’s The Hobbit. Tim, twelve, was already competitive....
...R ory Bremner in Bremner Bird and Fortune (C4, Sunday) proved the quality of his mimic’s brain once more....
...When the US government bailed out Bear Stearns, by assuming the risk of $29bn of its subprime mortgage assets, there was almost $6bn less cash on Bear’s balance sheet because of buy-backs during 2003-07....
...However, R.G....
...In 1926, R. H. Tawney, the great Christian socialist and economic historian, argued that we were wrong to be so complacent....
...Its efforts surrounding the Bear Stearns situation, where the discount window was opened to investment banks and brokerage houses, were critical to maintaining stability in the system....
...Elsewhere in the financial sector, H&R Block , the biggest US tax preparer, agreed to sell its mortgage servicing unit to Wilbur Ross for $1.1bn. Its shares rose 5.1 per cent to $18.36....
...Bank of America lost 3.9 pe r cent to $35.31. Lehman Brothers fell 7.3 per cent to $42.98 in spite of announcing plans to lay off 5 per cent of its workforce....
...He speaks to Richard Milne, the FT’s European business correspondent, about Bear Stearns, the German economy and the global financial crisis....
...The implication is that if Mr Cayne had been sparking up on Wall Street while elbow deep in hedge fund mess, rather than as part of bridge-related R&R then all would have been fine....
...So the swaps give MBIA significant leverage over Eric R....
...But investors are still sceptical about whether the mega-merger that created GSK has added value, or was a necessary step towards restructuring R&D....
...H&R Block’s stock fell 0.8 per cent to stand at $19.30 after Cerberus Capital Management said it had terminated an agreement for it to purchase H&R Block’s mortgage subsidiary, which has now stopped accepting...
...The past few days have also seen attempts to sell more than $1bn of mortgage-backed assets seized from two stricken Bear Stearns hedge funds that made heavy losses on subprime bets....
...Meanwhile, the ABX derivative index tracking bonds backed by subprime mortgages fell to a low for a fifth consecutive day to trade at 58.75 cents on the dollar as H&R Block, the largest US tax preparer,...
...H&R Block fell 3.25 per cent to $22.04, after posting a fourth-quarter loss, hurt by problems at its mortgage lending arm....
...Bear Stearns , which has been among the banks worst affected by the credit crisis, was down 0.3 per cent at $106.70. Lehman Brothers itself was 1.1 per cent lower at $53.81....
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