Mar 17 2008 | 1:28am ET
JPMorgan Chase has agreed to buy Bear Stearns for a mere $240 million, or $2 per share, which amounts to less that 7% of the firm’s closing share price on Friday. The agreement, which is expected to close in 90 days, would end the Wall Street giants 85 years of independence.
Last week, clients—including many of the firm’s prized hedge fund customers—pulled $17 billion from Bear Stearns.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…