Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Business News

Books of The Times: The Tsunami That Buried a Wall Street Giant

Mar. 10, 2009
An author and former investment banker sees Bear Stearns as a microcosm of what went wrong on Wall Street.
Related Stories from UPI.com
Bear Stearns' new hires get axed

Bear Stearns' new hires get axed

NEW YORK, April 19 (UPI) -- Hundreds of new graduates who were offered jobs at Bear Stearns have seen the job offers rescinded, new-hires said.

Bear Stearns sold with Fed's help

NEW YORK, March 17 (UPI) -- J.P. Morgan's $2 a share purchase of troubled Bear Stearns over the weekend came with the aid of $30 billion in financing from the U.S. Federal Reserve.

J.P. Morgan buying Bear Stearns

NEW YORK, March 16 (UPI) -- J.P. Morgan Chase & Co. reached agreement to buy Bear Stearns Cos. for $2 a share, The Wall Street Journal reported Sunday.

Bear Stearns bank near collapse?

NEW YORK, March 14 (UPI) -- Bear Stearns could not meet obligations Friday until a dramatic move kept the Wall Street investment bank afloat.

Bear Stearns records first quarterly loss

NEW YORK, Dec. 20 (UPI) -- Bear Stearns, the New York brokerage giant, recorded the first quarterly loss in its 84-year history after being saddled with mortgage write-downs.

Bear Stearn, Citic sign deal

BEIJING, Oct. 22 (UPI) -- U.S. securities firm Bear Stearns reached a pact Monday with Chinese investment bank Citic Securities that gives each financial entity a stake in the other.

Lewis buys 7 percent of Bear Stearns

WASHINGTON, Sept. 10 (UPI) -- British billionaire Joseph Lewis has taken a 6.97 percent stake in Bear Stearns Cos., a U.S. regulatory filing said Monday.

Bear Stearns funds file for bankruptcy

NEW YORK, Aug. 1 (UPI) -- Two Bear Stearns Cos. hedge funds involved in mortgage investments have filed for bankruptcy, court documents the U.S. investment bank filed said Wednesday.

Bear Stearns gets into subprime lending

IRVINE, Calif., Oct. 10 (UPI) -- A Bear Stearns & Co. unit is acquiring the wholesale sub-prime mortgage origination business of California's ECC Capital Corp. That's a business that creates mortgages for people with less than stellar credit, said ECC, which is a real estate investment t

Bear Stearns ousts 3 in mutual fund probe

NEW YORK, April 1 (UPI) -- Bear Stearns has removed three employees from its trade-processing operation for alleged improper mutual-fund trading.
1 of 20
Vietnam Veterans Memorial Visited in Washington
View Caption
Veterans etch the names of their friends inscribed on the Vietnam Veterans Memorial on the 50th anniversary of the Vietnam War on May 26, 2012 in Washington, DC. More than 58,000 names of the servicemen who were killed or missing in the war are engraved on The Wall. UPI/Pat Benic