Senate committee examines financial turmoil in Washington
Alan Schwartz, president and CEO of Bear Stearns, attends a Senate Banking, Housing and Urban Affairs Committee hearing on the response by federal financial regulators to ongoing turmoil in U.S. credit and mortgage markets and the near collapse of Bear Stearns on Capitol Hill in Washington on April 3, 2008. (UPI Photo/Roger L. Wollenberg)
UPI Related News
WASHINGTON, April 3 (UPI) -- Securities and Exchange Commission Chairman Christopher Cox said Thursday the near collapse of investment bank Bear Sterns was an unprecedented event.
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.
NEW YORK, March 14 (UPI) -- Bear Stearns could not meet obligations Friday until a dramatic move kept the Wall Street investment bank afloat.
NEW YORK, Jan. 8 (UPI) -- James Cayne, Bear Stearns' chairman and chief executive under fire after the firm was scorched by the sour mortgage market, reportedly will step down as CEO.
WHITE PLAINS, N.Y., Feb. 18 (UPI) -- Davis Cup captain Patrick McEnroe and Federation Cup captain Zina Garrison were named Wednesday to coach the United States Olympic teams.
WHITE PLAINS, N.Y., June 19 (UPI) -- For the first time in Grand Slam history, both the men's and women's singles champions will receive $1 million at the 2003 U.S. Open.
NASHVILLE, June 16 (UPI) -- President Bush would do well to consider the actions of Lyndon Johnson, according to Thomas Alan Schwartz, a Vanderbilt University historian.