Bear Stearns Announces New Leadership
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James E. Cayne will step down as chief executive after the steepest losses in the companyâs history. He will be succeeded by Alan D. Schwartz.
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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 chief executive James Cayne resigns but will stay on as non-executive chairman.
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NEW YORK -- Risk consultant Kroll Inc. on Sunday named a new chief executive to replace Michael G. Cherkasky, the new head of Marsh Inc.
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Pensions secretary John Hutton is to take over a revamped Department of Business and Enterprise.
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NEW YORK (CBS.MW) -- Bear Stearns Cos. reported Tuesday a 22.6 percent increase in fourth-quarter net income, as investment- and merchant-banking results rose.
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TORONTO -- David Denison, current president of Fidelity Investments Canada, is taking over in January as the president and chief executive of the Canada Pension Plan Investment Board.
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Bear Stearns Asset Management CEO Richard Marin is taking a stronger role in managing its two troubled hedge funds and tapped mortgage unit head Thomas Marano to save one of the funds, two sources familiar with the decision said.
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NEW YORK/SHANGHAI  - Bear Stearns Cos, the U.S. investment bank battered by slumping mortgage markets, and China's CITIC Securities Co have agreed to swap stakes in each other and form a broad alliance, the firms said on Monday.
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Bear Stearns Cos Inc  leader James Cayne, under fire for the collapse of two hedge funds, will step down as chief executive and hand that role to the company's star investment banker, Alan Schwartz, the company said on Tuesday.
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The former head of Lloyd's insurance market, Ron Sandler, said Saturday he has been appointed to lead troubled British bank Northern Rock should it be nationalised.
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The beleaguered student lending giant appointed a longtime banking executive, Anthony P. Terracciano, as its new chairman, as it continues to struggle with tighter credit markets and the wreckage from its failed buyout.
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By Anonymous  MIDLAND - Chemical Bank Chairman David B. Ramaker, last month, announced changes to the company's executive management team. In keeping with the bank's retirement policy for senior executives, Brace M.
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BBN Technologies, an advanced technology solutions firm, today announced  that Penny Ellard, Jack Marin, Prem Natarajan, and Peter Pflugrath have  been promoted to the position of Vice President.
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RESTON, Va. -- Sallie Mae, the nation's largest student lender, on Monday named veteran banking industry executive Anthony P. Terracciano chairman of its board.
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Bear Stearns Cos. Inc.  on Friday replaced the head of its asset management business after two of the investment bank's hedge funds hit rock bottom by making bad bets on risky mortgages.
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Money manager Legg Mason  on Monday named Senior Vice President Mark Fetting as its next chief executive officer, replacing Raymond Mason, who is retiring as CEO.