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• Another one bites the dust

  Posted Jan 10 2008, 01:18 AM by Matt Koppenheffer
  Filed under: Investment Banking, CAPS, Bear Stearns
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  The turbulence at the top on Wall Street continues. Bear Stearns will be sporting a new CEO now that Jimmy Cayne has announced that he is stepping down from the position. Cayne is now the third major Wall Street firm with a new chief, following the shake-ups at Merrill Lynch and Citigroup.
  
  It doesn't come as all that much of a surprise that Bear would make a change -- along with Merrill and Citi, the firm and its stock have been among the worst hit by the recent market turbulence. Unlike some of its other competitors, though, underperformance at Bear wasn't as localized to the debt markets, suggesting that there may be some bigger underlying problems   Read More...

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• Stretching for good news at Bear Stearns

  Posted Oct 12 2007, 11:30 AM by Matt Koppenheffer
  Filed under: Investment Banking, Bear Stearns
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  Sometimes, when things aren't going your way, you need to celebrate the little things. You know what I mean -- when you were little and having a bad week and your mom would put one of your pictures on the refrigerator. You knew the picture was lousy, but the gesture made you feel better anyway.
  
  It looks like Bear Stearns needed a little of the same. The firm recently proclaimed that it was "[ranked] in Alpha's inaugural top equity trading firms survey." Now doesn't that sound nice?
  
  Well, it does, until you actually look at the survey. Alpha talked to 300 hedge funds about the firms they work with for equity trading. True to their word, Bear Stearns did, in fact, make the list. In the overall rankings, though, the firm managed a pretty mediocre number five placing out of 10 firms included   Read More...

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