Bear Stearns

Social Networking for Ex-Lehman and Bear Stearns Workers

Marisa Taylor, Reporter, The Wall Street Journal in News on September 14, 2009 at 8:16 am PT

A year after Lehman Brothers filed for bankruptcy, former workers keep in touch with each other on a niche social network called Forever Lehman. Strangely, it was founded by an ex-Bear Stearns employee. Sanjeev Naraine spent eight years at Bear Stearns, most recently as a global vice president of videoconferencing.

Here's $39 Billion in Recognition for Your Hard Work on the Forthcoming Financial Crisis

John Paczkowski in News on September 23, 2008 at 6:40 am PT

Riddle for you: What’s larger than the gross domestic product of Sri Lanka, Lebanon or Bulgaria, and when divided by 186,000, more than four times higher than the median U.S. household income in 2006? If you guessed the $39 billion in bonuses Wall Street’s five largest banks doled out in 2007, you’re right!

Here’s $39 Billion in Recognition for Your Hard Work on the Forthcoming Financial Crisis

John Paczkowski in News on September 23, 2008 at 6:40 am PT

Riddle for you: What’s larger than the gross domestic product of Sri Lanka, Lebanon or Bulgaria, and when divided by 186,000, more than four times higher than the median U.S. household income in 2006? If you guessed the $39 billion in bonuses Wall Street’s five largest banks doled out in 2007, you’re right!

Weekend at Bernanke’s II

John Paczkowski in News on September 22, 2008 at 12:33 am PT

Six months ago, the nation had five independent investment banks. That number soon dwindled to four. And then to three. And by last week’s end, only two investment banks remained. Now those two are gone as well. The Federal Reserve Board hammered the final nail in the coffin of independent investment banks Sunday evening, allowing Morgan Stanley and Goldman Sachs to become traditional bank holding companies.