Bear Stearns posts huge loss, cuts bonuses
169971
Bear Stearns Cos Inc  posted a much bigger-than-expected quarterly loss on Thursday, capping a fiscal year when the fifth-largest U.S. investment bank took a beating on bad bets on risky subprime mortgages.
34128
Bear Stearns Cos. Inc.  on  Friday replaced the head of its asset management business after  two of the investment bank&#39;s hedge funds hit rock bottom by  making bad bets on risky mortgages.
202170
Morgan Stanley and Bear Stearns Companies posted a drop in quarterly profits on Wednesday, surprising some investors one day after two
558719
Wall Street bonuses fell nearly 5 percent in 2007 after a relentless subprime mortgage crisis battered the stock market, forcing the country's biggest investment banks to write down billions in bad loans.
486811
Bank sues Wall Street firm Bear Stearns for fraud and deception over loss of hundreds of millions of dollars
182415
Two Bear Stearns hedge funds, worth more than $20 billion, teetered on collapse yesterday after absorbing major losses from investments in the subprime mortgage industry.
30865
Washington Mutual Inc , the largest U.S. savings and loan, suffered a larger-than-expected $1.87 billion fourth-quarter loss on Thursday, battered by mortgage defaults and write-downs.
600952
Stocks fell sharply on Friday, dragged lower by the heavily weighted financial sector after Bear Stearns Cos. Inc.  said it bailed out a hedge fund that is facing margin calls.
576737
Investment bank Bear Stearns Cos. Inc. , one of the nation's largest mortgage bond underwriters, said on Thursday quarterly earnings fell by a third as lower mortgage underwriting volumes cut into bond revenue and it wrote down assets at a stock trading venture.
36889
The bank said it lost about $854 million, exceeding analystsâ fears about how badly it would suffer from its subprime mortgage bets.
263099
Swiss bank UBS reports a loss for the whole of 2007, hit by bad investments in US sub-prime home loans.
194106
Swiss banking giant UBS on Wednesday posted its first-ever full-year loss after losing billions in the US mortgage crisis and turning to Asian investors for a bail-out, sparking shareholder discontent.
236828
Brokerage Bear Stearns Companies  BSC.N on Wednesday said quarterly profit fell 10 percent hurt  by lower investment banking revenue and higher expenses.
408349
Merrill Lynch & Co Inc  reported on Wednesday the biggest quarterly loss in its history after writing down $8.4 billion, mostly from bad investments related to risky subprime mortgages.
404511
Barclays claims Bear Stearns loaded one of its hedge funds with about $500 million in troubled assets just weeks before it and another of its fund collapsed.
181797
Stocks slid on Wednesday, as the Federal Reserve lowered its economic growth forecast, adding to already frayed nerves after Bear Stearns said its two hedge funds that had big bets on risky mortgages were nearly worthless.
671934
Stocks fell sharply on Friday, with all three major averages down over 1 percent, as a pair of troubled Bear Stearns hedge funds stoked concerns that other investment banks may face large losses from subprime mortgages.