Zibb.com: Bears Stearns Cos (Industry News & Blogs)

Google goes against the tide, launches VC company

Tue, 31 Mar 2009 21:34:00 GMT

While most venture capital has dried up due to the sinking economy, Google Inc. has decided to swim against the current.

Mack Warns Morgan Stanley of ‘Difficult Year’ in 2009 - Bloomberg

Tue, 31 Mar 2009 20:52:58 GMT

March 31 (Bloomberg) -- Just when the monthlong rally in bank shares is signaling a thaw in the credit freeze that gripped the world’s financial capitals since August 2007, some of the securities industry’s most experienced executives are predicting no end to Wall Street’s troubles.

Citi did not offer brokerage to JPMorgan: sources - Reuters

Tue, 13 Jan 2009 15:05:21 GMT

NEW YORK (Reuters) - JPMorgan Chase & Co never had a chance to bid for Citigroup Inc's Smith Barney business, two people familiar with the matter said, but it may still build a retail brokerage business

Talks between Citigroup, Morgan Stanley expected to lead to wave ...

Mon, 12 Jan 2009 16:28:24 GMT

NEW YORK — Talks between Citigroup and Morgan Stanley about a deal to combine their brokerage operations continued today, a move analysts say could trigger a fresh wave of consolidation in the troubled and thinning banking industry.

Citi-Morgan near deal to consolidate

Mon, 12 Jan 2009 11:13:00 GMT

Citigroup and Morgan Stanley may announce as early as Monday a deal to combine their brokerages, a move analysts say could trigger a wave of consolidation in the troubled and thinning banking industry.

SEC Must âDefend Its Existenceâ After Madoff Lapses (Bloomberg)

Mon, 05 Jan 2009 08:19:41 GMT

inspector general, David Kotz, who’s probing the agency’s handling of the matter. Harry Markopolos, the former money manager who says regulators didn’t act on his tips about Madoff, canceled his appearance.

Business in the courts - The News Journal

Sun, 07 Dec 2008 08:52:19 GMT

Five labor unions have appealed a Florida judge's ruling dismissing a proposed class-action lawsuit over claims AstraZeneca misled consumers about risks associated with its anti-psychotic drug, Seroquel. The appeal was filed this week in the U.S.

U.S. Rescues Citi with $20 Billion Capital

Mon, 24 Nov 2008 13:42:23 GMT

Citigroup's rescue marks the latest government effort to contain a widening financial meltdown that has caused the disappearance or bankruptcies of companies including Bear Stearns, Lehman Brothers and Washington Mutual. The government's $20 billion of new capital comes on top of $25 billion it had

MarketWatch First Take: Morgan Stanley and free toasters

Wed, 29 Oct 2008 12:27:00 GMT

No, that’s not a Halloween costume. Morgan Stanley really does want to be a bank.

Bank stocks worldwide tumble (Reuters)

Thu, 23 Oct 2008 19:05:26 GMT

Banks stocks fell worldwide on Thursday as concerns swelled that soaring loan losses, tight credit and deteriorating economies would overwhelm lenders efforts to cut costs and preserve capital. News, Headlines and Latest Stories on Yahoo! News

Charleston native in thick of financial turmoil - Daily Mail - Ch...

Tue, 21 Oct 2008 20:52:46 GMT

"With virtually all of Wall Street as his client, the 64-year-old chairman of law firm Sullivan & Cromwell has solidified his role as one of the most influential private-sector players in the financial crisis," The Wall Street Journal observed in an Oct. 9 profile.

Morgan Stanley's fate still hangs in the balance

Sun, 12 Oct 2008 20:32:48 GMT

NEW YORK (Reuters) - Despite its best efforts to fortify its defenses, Morgan Stanley's fate hangs in the balance after the market's relentless assault last week. Come this Tuesday, Morgan Stanley's agreement

Wells Fargo to Buy Wachovia

Fri, 03 Oct 2008 11:36:00 GMT

Citigroup's takeover of Wachovia was torpedoed when Wells Fargo agreed to pay $15.4 billion to buy Wachovia, upending the deal arranged by the government.

Wells Fargo acquiring Wachovia for $15.1 billion

Fri, 03 Oct 2008 11:28:45 GMT

Wells Fargo says it is acquiring Wachovia in an all-stock transaction worth about $15.1 billion, as Wachovia ends talks with rival suitor Citigroup. The deal, announced Friday, comes amid a turbulent time for banks and financial firms as they grapple with the...