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| | | ... shares fell after Deutsche Bank cut its profit estimates through 2008 on the nation's top five investment banks, including Bear Stearns, Lehman Brothers and Morgan Stanley. These stocks dropped about one per cent or more, while the S&P financial index ... |
| | | | The US Federal Reserve, stung by criticism it dropped rates to protect favoured institutions in a preferred segment, is warning they won't keep protecting them forever. "To be sure, lowering interest rates to keep the economy on an even keel when adverse ... |
| | | | AMP Capital Investors has appointed former QIC head of global credit Jeff Brunton as their new head of credit markets. Head of fixed interest, Mark Beardow, said, "With 15 years experience as QIC's head of global credit, Jeff is a skilled credit market ... |
| | | | ... approach to focus on complementary alternative investment strategies and styles that have low correlations to equities in bear markets," he said. As a result of the fund's initial success, which is now closed to new investors, Intech also launched sister ... |
| | | | ... will see these losses more than offset by revenue growth to an end result of Q3 profit remaining up compared to last year. Bear Stearns fared better then expected, with write-downs limited to $1.33 billion. The Federal Reserve is also opening the Kimono ... |
| | | | ... much of the day in positive territory as an advance by the shares of energy companies like Exxon Mobil and big banks such as Bear Stearns Cos Inc tempered doubts about the sustainability of Tuesday's sharp gains. The Dow Jones industrial average was ... |
| | | | ... scheme. Echoing the government's proposed reforms, the association also specified that it is the product provider who will bear the costs of the rationalisation process and that there should be 'no net detriment' provisions for the investor. But to incentivise ... |
| | | | ... in global markets, in an investor version of ambulance chasing, bargain hunters are gathering around sub-prime casualties. Bear Stearns, the second biggest underwriter of US mortgage bonds, suffered a stock landslide of more than 15 per cent and saw ... |
| | | | ... brokerage stocks increased as investors hunted for bargains amongst companies hurt by sub prime mortgages and a investment bank Bear Stearns gained after a report said it could sell a stake of up to 20 per cent to outside investors. The market was also ... |
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