It's hard to believe, but today is the four-year anniversary of J.P. Morgan Chase's deal to acquire ailing Bear Stearns for only $2 a share. One financial crisis and one European sovereign-debt crisis later, the S&P 500 is back above 1400 and looking to charge higher.
Three quarters of Bear Stearns's most senior bankers have left the investment bank since its acquisition by J.P. Morgan Chase nearly a year ago. Read Post
For those who believe European banks aren't dangerously exposed to periphery nations' sovereign debt, here's yet another counter argument. Morgan Stanley's Joachim Fels shows the extent to which European banks have loaded up on gove... Read Post