James Cayne, chairman and, before he was asked to leave, CEO of Bear Stearns (NYSE: BSC) sold all of his holdings in the firm for $61 million, according to filings with the…
Douglas A. McIntyre Bear Stearns Companies Inc. (NYSE: BSC) has an SEC filing out showing that Chairman James "Jimmy" Cayne sold shares the day after JPMorgan Chase (NYSE: JPM) sweetened its bid offering to $10.00.…
Douglas A. McIntyre A day after taking down its earnings forecasts for Citigroup (C), JP Morgan (JPM), and Wachovia (WB), Oppenheimer has cut its first quarter numbers on Merrill Lynch (MER) and UBS (UBS). According…
Oppenheimer’s Meredith Whitney is currently the most followed bank and financial firm analysts on Wall Street. We don’t normally like to review analyst calls that are not fresh calls from the same…
Goldman Sachs says that write-downs for subprime mortgage paper, LBOs, credit cards,and other bad paper could hit banks and brokerages for $460 billion. That is almost three times the write-offs taken by…
According to Reuters, Comcast (CMCSA) and Time Warner Cable (TWC) are in talks to fund a wireless venture to be operated by Clearwire (CLWR) and Sprint (S). Reuters writes that new home…
According to Reuters, the Justice Department has approved the Sirius (SIRI) merger with XM Satellite (XMSR). Reuters writes that JP Morgan (JPM) raised its offer for Bear Stearns (BSC) and took a…
JP Morgan (NYSE: JPM) revised its $2 offer for Bear Stearns (NYSE: BSC) up to $10. Bear now trades at $11.40. Someone may think that JPM or another entity may come in…
Douglas A. McIntyre There is growing concern about where the Fed will get the hundreds of billions of dollars it will need to bail-out failing banks and brokerages. Most economists point to the tax-payer as…
For reasons that are not entirely clear, JP Morgan (NYSE: JPM) filed detailed information on the valuations of securities held by itself and other banks with a court in Canada. According to…
Samson has been shorn of his locks and blinded. JP Morgan (NYSE: JPM), it appears, will raise its bid for Bear Stearns (NYSE: BSC) from $2 a share to $10. It is…
Douglas A. McIntyre According to The New York Times, JP Morgan (JPM) is in talks to raise it bid for Bear Stearns (BSC) from $2 to $10. Reuters writes that analysts now see a steep…
"The current financial crisis is the most serious since the second world war, and perhaps since the Great Depression."–The London Observer, March 23, 2008 Many investors find it hard to believe that…
The last 5 to 10 trading days have been dominated by Bear Stearns (NYSE: BSC). Whether it was over the counterparties ceasing to accept their credit, whether it was the CEO publicly…
Douglas A. McIntyre It was the cleanest theft since the Great Brink’s Robbery in 1950. The Fed and JP Morgan (JPM) got the Bear Stearns (BSC) management is a room over the weekend and beat…
