Hints and tips:
...Jeremy James Ashford, County Wicklow, Ireland...
...Through MNG Enterprises, which is a privately owned company controlled by Alden, the hedge fund has amassed a portfolio of more than 200 newspapers, including The Denver Post and The Orange County Register...
...Alden, which was founded in 2007 by Randall Smith, a former partner at Bear Stearns, the investment bank that failed in the global financial crisis, has made most of its money by buying stakes in distressed...
...A former Bear Stearns trader, he later said that he managed money for billionaires, including Les Wexner, the founder of L Brands, which owns Victoria’s Secret business....
...“She developed a strategy that aimed at the middle and pushed the other candidates to the extreme,” says Stearns....
...He enlisted Bear Stearns, the investment bank, to raise £30m by pledging future gate income so he could pay the wage bill. Such securitisation is more common now....
...Also clustered in Orange County were some of the best-known subprime shops in the country, such as New Century, Ameriquest and Fremont....
...During the financial crisis, Mr Winters ran the bank’s credit and trading operations and was closely involved in the integration of Bear Stearns after it was acquired in a panic sale in 2008....
...Even Bear Stearns — RIP — made an appearance. Representing Europe: UBS, NatWest, SocGen and Natixis....
...The firm advised Bank of America in its acquisition of Merrill Lynch and JPMorgan in its purchase of Bear Stearns....
...(AIG) and other transactions with, and in the securities of, AIG, The Bear Stearns Companies Inc., Lehman Brothers Holdings Inc. and other firms....
...The practice is hardly recent; in 1973, the UK’s London and County Securities collapsed after a government-initiated credit squeeze helped fulfil widespread market suspicions about its rocky finances....
...Admento’s Tansey recalls how, in 2000, Bear Stearns wanted him to produce a lucite to commemorate a $133m deal it had just closed....
...Jimmy Cayne, the dethroned chief executive of Bear Stearns, is said to employ armed guards. It is hard to know how real these dangers are. Corporate security is by nature a secretive industry....
...Gasparino, whose great-grandparents emigrated from Italy to New York in the early 1900s, was brought up first in the Bronx and later in the more salubrious surroundings of Westchester County, a swathe of...
...Some, such as Orange County municipality, suffered huge losses when the interest rate cycle turned suddenly and unexpectedly in 1994....
...John Foley, chief executive of Waterford Crystal, said Britain had bailed out Northern Rock and the US Federal Reserve helped rescue Bear Stearns....
...The uniqueness of many of the local historic homes makes it hard to quantify price rises elsewhere on Aquidneck, as there’s such a variety between them: Delman’s current portfolio includes a Peabody & Stearns...
...Also, even before a failure at Bear Stearns, the US broker-dealer, was narrowly averted, debate had begun about counterparty risk....
...Brooklyn By Colm Tóibín Viking £17.99, 256 pages Eilis Lacey leaves behind her quiet life in County Wexford and travels to Brooklyn in search of better opportunities, in Tóibín’s sixth novel....
...“Things will change,” says a trader who worked at Bear Stearns. “That doesn’t necessarily mean you won’t get the best and the brightest. It just creates more competition for fewer spots.”...
...The American Federation of State, County and Municipal Employees (AFSCME) is pursuing a number of US companies, starting with Bear Stearns and JPMorgan Chase, the US banks, to establish the right of investors...
...In a county where ethnicity looms large, true democracy could lead to a rekindling of animosities....
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