NEW YORK (Reuters) - Shares of Lehman Brothers (LEH.N: Quote, Profile, Research) fell
by nearly 10 percent in early New York trading on Thursday on
rumors that the fourth largest U.S. investment bank could see a
run on the bank similar to what happened to Bear Stearns
(BSC.N: Quote, Profile, Research), traders said.
Declines [...]
WASHINGTON (AP) — The crash of Wall Street’s once mighty Bear Stearns underscores the need to bring investment houses under the kind of federal oversight that has long been given to commercial banks, Treasury Secretary Henry Paulson said Wednesday.In a speech to the U.S. Chamber of Commerce, Paulson said the Bush administration will soon release [...]
I. Executive SummaryThe mission of the Department of the Treasury (Treasury) focuses on promoting economic growth and stability in the United States. Critical to this mission is a sound and competitive financial services industry grounded in robust consumer protection and stable and innovative markets.Financial institutions play an essential role in the U.S. economy by providing [...]
NEW YORK�(CNNMoney.com) — U.S. stock futures pointed to a higher open Friday as sentiment recovered after two straight sessions of declines.About three hours before the market open, Nasdaq and S%26amp;P futures were higher, suggesting gains at the opening bell.Stocks have gyrated recently amid ongoing concerns about the frail economy and financial sector. The major gauges [...]
NEW YORK (Fortune) — Financial reformers have a chance to give stressed-out markets a desperately needed reality check.This month’s near collapse of Bear Stearns (BSC, Fortune 500) has brought new urgency to the debate about how to shore up the financial sector. Fears that another firm will implode, and the observation that individuals have reaped [...]
NEW YORK (CNNMoney.com) — Just a day after JPMorgan Chase quintupled its bid for Bear Stearns, James Cayne, the chairman of the troubled investment bank, dumped his entire stake in the firm, selling more than $60 million worth of company stock he owned.Cayne sold over 5.61 million shares of company stock Tuesday at $10.82 a [...]
Filing Date: The application was filed on November 2, 2007 and amended and restated on March 14, 2008.
Hearing or Notification of Hearing: An order granting the application will be issued unless the Commission orders a hearing. Interested persons may request a hearing by writing to the Secretary of the Commission and serving Applicants with a [...]
Faced with rising economic anxiety and the high-profile rescue of a major investment bank, lawmakers are considering sweeping changes to the financial system and a massive effort to buy up troubled home loans.
While they debate the best thing to do, frustrations are building that Congress, which is halfway through a two-week recess, and the Bush [...]
Faced with rising economic anxiety and the high-profile rescue of a major investment bank, lawmakers are considering sweeping changes to financial regulation and an enormous effort to buy troubled home loans.
While they debate if more should be done, frustrations are building that Congress, which is halfway through a two-week recess, and the Bush administration aren’t [...]
NEW YORK (AP) — Bear Stearns %26amp; Cos. has amended its bylaws to pay for potential lawsuit expenses as securities regulators consider legal action over potentially misleading comments about the company’s financial health made days before JPMorgan Chase %26amp; Co. arranged to buy the investment bank.In a filing with the Securities and Exchange Commission on [...]
