Bear Stearns and Citic Form Joint Venture
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The Chinese state-controlled investment bank plans to invest $1 billion in Bear Stearns and form a venture that would pool both firmsâ businesses in Asia, with the exception of China.
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General Electric Co. agreed to buy a Citigroup business that provides lending and leasing services to the trucking industry for $4.4 billion in cash to build its commercial finance unit in areas where it already has expertise.
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NEW YORK -- Bear Stearns Cos., the fifth-largest U.S. investment house, on Thursday reported robust capital markets and investment banking activity helped it achieve the best fourth quarter in the company's history.
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Morgan Stanley  and Bear Stearns Cos. Inc. , two of Wall Street's biggest securities firms, on Tuesday said their fourth-quarter profits rose as a flurry of mergers and a year-end stock rally boosted investment banking fees.
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Bear Stearns Cos. Inc.  on Friday said it will provide up to $3.2 billion in financing for a struggling hedge fund it manages, but sources said a second fund is still working out a restructuring plan with creditors.
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Barclays said it had struck a deal with China Development Bank and Temasek Holdings of Singapore.
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Stelco Inc., the Canadian steelmaker in bankruptcy protection, reached agreement with Deutsche Bank AG on a new refinancing proposal, two days after a loss of a General Motors Corp.
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Reclusive billionaire Joseph C. Lewis, who made his fortune trading currencies, has taken a 7 percent stake in Bear Stearns Cos Inc , snapping up $860.4 million worth of the investment bank's sagging stock to become one of its largest shareholders in less than a month.
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Bear Stearns Cos , an  investment bank battered by the mortgage market slump, and  China's CITIC Securities Co (600030.SS) said on Monday they  will take investment stakes in each other and form a broad  strategic alliance.
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Citigroup Inc., which long has sought to expand its retail banking operations to Texas, said Tuesday that it is acquiring the First American Bank of Bryan, Texas.
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Bear Stearns Cos. Inc.  on Friday said it would provide up to $3.2 billion in financing for a struggling hedge fund it manages, raising concern about other funds that invested in bonds linked to subprime mortgages.
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British billionaire Joseph Lewis has taken a 7 percent stake in Bear Stearns Cos Inc , snapping up about $860 million worth of the investment bank's stock.
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The Securities and Exchange Commission is investigating Bear Stearns Cos&#39; (BSC.N: Quote, Profile, Research) municipal bond offering practices, according to a filing from the US investment bank.
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Citigroup Inc. and Goldman Sachs Group Inc. will market a $5.8 billion loan for Cemex SA to other lenders over coming days, bankers involved in the deal said, in what&#39;s the largest-ever credit for a Mexican company.
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Bear Stearns &amp; Companies said Tuesday that its asset management arm had agreed to acquire the TimesSquare Capital Management bond business of the Cigna Corporationin New York.
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An agreement has been reached on the sale of Cheyne Finance, a structured investment vehicle now known as S.I.V. Portfolio, to bidders including Goldman Sachs, the fundâs receivers, Deloitte & Touche said. The $7 billion S.I.V. Portfolio, managed by the hedge fund Cheyne Capital Management, went into receivership in September. The agreement comes after talks with a number of bidders over the last few weeks and consultation with the informal creditorsâ committees, Deloitte said. Under the deal, certain reinvestment opportunities will be offered to some existing creditors of the company. S.I.V.âs, held by banks, hedge funds or other institutions, issue a mixture of short-term debt and capital and buy longer-term assets, which may pay more interest than the amount they pay on their notes. The vehicles encountered trouble in August when liquidity in the credit markets dried up as investors faced exposure to the subprime market.
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Plus earnings from Bear Stearns, Research In Motion and Palm.