https://www-scmp-com.libproxy1.nus.edu.sg/rss/190883/feed Founded in 1923, Bear Stearns was a global investment bank and securities trading and brokerage firm, until its sale to JPMorgan Chase in 2008 during the onset of the global financial crisis. It was one of the earliest and highest profile victims of subprime lending. en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg Ishani Sarkar Ishani Sarkar Long-time Fox News anchor Maria Bartiromo has been abruptly sacked by the network, with the channel saying her firing was “effective immediately” in a September 3 statement. “We thank Maria for her work over the last 12 and a half years and wish her all the best on her next chapter,” the statement read. In response, Bartiromo’s lawyer Bryan Freedman issued a statement on September 4 denying that she had been fired: “The irresponsible reports that have been published stating that Maria Bartiromo... https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/people/celebrities/article/3366619/meet-jonathan-steinberg-ex-fox-news-anchor-maria-bartiromos-multimillionaire-husband?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/people/celebrities/article/3366619/meet-jonathan-steinberg-ex-fox-news-anchor-maria-bartiromos-multimillionaire-husband?utm_source=rss_feed Mon, 07 Sep 2026 10:15:06 +0000 James David Spellman James David Spellman JPMorgan CEO Jamie Dimon’s remark that “when you see one cockroach, there are probably more” is a blunt reminder of the global financial crisis in 2008. At the time, a flood of bad mortgages had revealed a tenuous labyrinth of complex, highly vulnerable financial products that saw some US investment banks collapse and equity markets struggle for six years to recover losses. Evidence is mounting that we are approaching danger again, with revelations of bad debt exposure for regional and... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/world-opinion/article/3329661/bad-debt-cockroaches-signal-new-threats-global-economy?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/opinion/world-opinion/article/3329661/bad-debt-cockroaches-signal-new-threats-global-economy?utm_source=rss_feed Tue, 21 Oct 2025 21:30:08 +0000 Associated Press Associated Press A retired US financier has been arrested on charges that he lured dozens of women, including former Playboy models, to be sexually and physically assaulted during encounters in his Central Park penthouse in a soundproofed room described in court papers as “The Dungeon”. Howard Rubin, 70, was arrested on Friday at his rental home in Fairfield, Connecticut, authorities said. He pleaded not guilty at a federal court in Brooklyn. His former personal assistant, Jennifer Powers, was also arrested at... https://www-scmp-com.libproxy1.nus.edu.sg/news/world/united-states-canada/article/3327063/us-financier-charged-sexually-abusing-women-new-york-dungeon-10-years?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/world/united-states-canada/article/3327063/us-financier-charged-sexually-abusing-women-new-york-dungeon-10-years?utm_source=rss_feed Sat, 27 Sep 2025 01:12:10 +0000 EU watchdogs have charged 13 top investment banks with blocking exchanges’ access to the lucrative credit derivatives market, hitting the sector with the latest in a growing list of regulatory headaches. The move by the European Commission, which could result in hefty fines, comes as major banks also come under investigation for suspected rigging of lending benchmarks including Euribor and Libor. The Commission said banks including Citigroup and Goldman Sachs, along with financial data company... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/1273810/eu-charges-banks-blocking-exchanges-derivatives-market?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/1273810/eu-charges-banks-blocking-exchanges-derivatives-market?utm_source=rss_feed Tue, 02 Jul 2013 05:01:04 +0000 Citic Securities' global ambitions have been given a boost with plans to buy stakes in CLSA and Cheuvreux, Credit Agricole's brokerage units. The Beijing-based brokerage, the mainland's biggest by market value, said it would pay a combined US$374 million for a 19.9 per cent stake in each of the brokerages. Following the deals, Citic and Credit Agricole, France's third-largest bank, would seek to create a global brokerage platform by integrating the CLSA and Cheuvreux businesses, Citic... https://www-scmp-com.libproxy1.nus.edu.sg/article/970257/citic-buys-stakes-overseas-brokers?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/970257/citic-buys-stakes-overseas-brokers?utm_source=rss_feed Fri, 10 Jun 2011 16:00:00 +0000 Once again Beijing has stepped in to support a falling market and as usual critics call it unnecessary intervention and a sign of an immature market. But this time, mainland policymakers have a new answer to the criticism. 'Didn't the west just bail out their banks falling in the subprime crisis in the name of financial stability?' That is the tune widely sung in Beijing. In short, who has a clear enough conscience to point his finger at us? Indeed, the subprime crisis and the authorities'... https://www-scmp-com.libproxy1.nus.edu.sg/article/635263/beijings-market-meddling-costlier-moral-hazard?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/635263/beijings-market-meddling-costlier-moral-hazard?utm_source=rss_feed Fri, 25 Apr 2008 16:00:00 +0000 China's brief infatuation with Wall Street is well and truly over. At the weekend, Citic Securities said it 'cannot guarantee' it will finalise its October deal to invest US$1 billion in United States investment bank Bear Stearns. 'We haven't signed any formal agreement and we haven't paid any money,' the mainland brokerage said in a statement. Citic's managers must be mightily relieved that they had not yet handed over any cash. When they first agreed to invest in Bear Stearns back in... https://www-scmp-com.libproxy1.nus.edu.sg/article/630216/beijing-ends-love-affair-wall-st?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/630216/beijing-ends-love-affair-wall-st?utm_source=rss_feed Sun, 16 Mar 2008 16:00:00 +0000 Speculation is rife on Wall Street that big US investment bank Bear Stearns is a takeover target after it received emergency funding on Friday - and HSBC is among the institutions being touted as potential white knights. However, analysts in Hong Kong yesterday cast doubt on reports the British bank might absorb Bear Stearns. HSBC Holdings, the biggest European bank by market capital, had the resources to make an acquisition, The Wall Street Journal reported. The newspaper also identified... https://www-scmp-com.libproxy1.nus.edu.sg/article/630160/hsbc-buyout-bear-stearns-seen-unlikely?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/630160/hsbc-buyout-bear-stearns-seen-unlikely?utm_source=rss_feed Sat, 15 Mar 2008 16:00:00 +0000 As lenders such as HSBC unveil their massive provisions, questions remain over the outlook for financial institutions and their mortgage-related problems Was the sum of US$17.24 billion enough to cover loan losses, mainly in last year's subprime mortgage portfolio of HSBC Holdings, Hong Kong's homegrown global lender? Can financial institutions outside the United States, where the subprime credit crunch started, escape the scourge unscathed? Investors are raising such questions over and... https://www-scmp-com.libproxy1.nus.edu.sg/article/629301/banks-under-subprime-cloud?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/629301/banks-under-subprime-cloud?utm_source=rss_feed Sun, 09 Mar 2008 16:00:00 +0000 I didn't think when I finished my conservatoire training that I would be playing a female lobster. Musician Matthew Hale, who plays the title role in Juanita the Spanish Lobster today with the City Chamber Orchestra in a concert for children at City Hall I find it strange that you have mainland visitors willing to lavish a large amount of money on a Rolex or Vacheron Constantin watch, but they object to paying HK$20 to see the view from the Peak Tower. Wilson Siu, in an e-mail to the Post's... https://www-scmp-com.libproxy1.nus.edu.sg/article/624353/quotes-week?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/624353/quotes-week?utm_source=rss_feed Fri, 25 Jan 2008 16:00:00 +0000 China Construction Bank's A shares, which gained 32.6 per cent in their trading debut on Tuesday, gained a further 8.6 per cent to 9.30 yuan yesterday. The stock was boosted by news that the bank may acquire a stake in Bear Stearns, along with other potential investors such as Warren Buffett, the world's second-richest man. The H shares of the bank, the country's third-largest lender, gained 0.14 per cent to HK$7.11 yesterday. It was the fifth-most active stock with 460 million shares changing... https://www-scmp-com.libproxy1.nus.edu.sg/article/609484/ccb-soars-bear-stearns-report?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/609484/ccb-soars-bear-stearns-report?utm_source=rss_feed Thu, 27 Sep 2007 16:00:00 +0000 Prices of mass-housing units in Hong Kong will rise about 30 per cent by the end of next year, say stock analysts, who cite cheap mortgages and growing inflation as triggers for home seekers to rush into the market. They said the market had also been supported by steady economic growth, a falling unemployment rate and an improving job market. JP Morgan expects home prices to rise 10 to 15 per cent for each of the next two years, while UBS predicts that their capital values could jump as much... https://www-scmp-com.libproxy1.nus.edu.sg/article/609240/mass-housing-flats-forecast-cost-30pc-more-end-2008?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/609240/mass-housing-flats-forecast-cost-30pc-more-end-2008?utm_source=rss_feed Tue, 25 Sep 2007 16:00:00 +0000 Due to an editing error, a B2 article on direct marketing in China published yesterday misrepresented the gender of a senior Chinese leader. Our apologies to Madam Wu Yi (picture). The reported book value of Kowloon-Canton Railway Corp was $59.72 billion at the end of last year and Bear Stearns estimates its net present value to be $29.45 billion. This was misstated in a B2 report on Tuesday. A recent Moody's Investors Service report on Hutchison Whampoa did not state that its... https://www-scmp-com.libproxy1.nus.edu.sg/article/460709/corrections-clarifications?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/460709/corrections-clarifications?utm_source=rss_feed Thu, 24 Jun 2004 16:00:00 +0000 Electricity supplier Hongkong Electric Holdings (HKE), due to reveal its interim results tomorrow, is expected to see net profit decline in the first half of this year mainly due to a deferred taxation provision. A South China Morning Post poll of four brokerages - Bear Stearns Asia, Citigroup Smith Barney, CLSA Emerging Markets and Nomura Asia Equity Research - resulted in profit decline forecasts ranging from 0.9 per cent to 17.6 per cent, giving a bottom line of between HK$2.39 billion and... https://www-scmp-com.libproxy1.nus.edu.sg/article/423974/analysts-forecast-profit-decline-hk-electric?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/423974/analysts-forecast-profit-decline-hk-electric?utm_source=rss_feed Tue, 05 Aug 2003 16:00:00 +0000