Founded in 1923, Bear Stearns was a global investment bank and securities trading and brokerage firm, until its sale to JPMorgan Chase in 2008 during the onset of the global financial crisis. It was one of the earliest and highest profile victims of subprime lending.
EU watchdogs have charged 13 top investment banks with blocking exchanges’ access to the lucrative credit derivatives market, hitting the sector with the latest in a growing list of regulatory headaches.Tuesday, 2 July, 2013, 1:01pm
Citic Securities' global ambitions have been given a boost with plans to buy stakes in CLSA and Cheuvreux, Credit Agricole's brokerage units.
The Beijing-based brokerage, the mainland's biggest by market value, said it would pay a combined US$374 million for a 19.9 per cent stake in each of the brokerages.11 Jun 2011 - 12:00am
Once again Beijing has stepped in to support a falling market and as usual critics call it unnecessary intervention and a sign of an immature market. But this time, mainland policymakers have a new answer to the criticism.26 Apr 2008 - 12:00am
China's brief infatuation with Wall Street is well and truly over. At the weekend, Citic Securities said it 'cannot guarantee' it will finalise its October deal to invest US$1 billion in United States investment bank Bear Stearns. 'We haven't signed any formal agreement and we haven't paid any money,' the mainland brokerage said in a statement.17 Mar 2008 - 12:00am
Speculation is rife on Wall Street that big US investment bank Bear Stearns is a takeover target after it received emergency funding on Friday - and HSBC is among the institutions being touted as potential white knights.
However, analysts in Hong Kong yesterday cast doubt on reports the British bank might absorb Bear Stearns.16 Mar 2008 - 12:00am
As lenders such as HSBC unveil their massive provisions, questions remain over the outlook for financial institutions and their mortgage-related problems
Was the sum of US$17.24 billion enough to cover loan losses, mainly in last year's subprime mortgage portfolio of HSBC Holdings, Hong Kong's homegrown global lender?10 Mar 2008 - 12:00am
I didn't think when I finished my conservatoire training that I would be playing a female lobster.
Musician Matthew Hale, who plays the title role in Juanita the Spanish Lobster today with the City Chamber Orchestra in a concert for children at City Hall26 Jan 2008 - 12:00am
China Construction Bank's A shares, which gained 32.6 per cent in their trading debut on Tuesday, gained a further 8.6 per cent to 9.30 yuan yesterday.
The stock was boosted by news that the bank may acquire a stake in Bear Stearns, along with other potential investors such as Warren Buffett, the world's second-richest man.28 Sep 2007 - 12:00am
Prices of mass-housing units in Hong Kong will rise about 30 per cent by the end of next year, say stock analysts, who cite cheap mortgages and growing inflation as triggers for home seekers to rush into the market.
They said the market had also been supported by steady economic growth, a falling unemployment rate and an improving job market.26 Sep 2007 - 12:00am
Due to an editing error, a B2 article on direct marketing in China published yesterday misrepresented the gender of a senior Chinese leader. Our apologies to Madam Wu Yi (picture).25 Jun 2004 - 12:00am