The collapse of Bear Stearns: Five years on David Thomas 19 Mar 2013 This week five years ago‚ JP Morgan announced it would buy Wall Street rival Bear Stearns in a deal worth $2 a share – this ultimately rose to $10. Here‚ Financial News looks at the events in the run-up to the fall of the 85-year old independent investment bank. Financial News compiled the timeline from press releases‚ contemporary media reports and William D Cohan’s account of the collapse of the bank‚ ‘House of Cards’. May
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Bear Stearns announced the first loss for about $854 million. 1. Failure Analysis: 1.1. Major factors that contributed to Bear Stearns failure After the 9/11 terrorist attacks‚ all the major bankers such as Lehman Brothers‚ Merrill Lynch‚ Morgan Stanley‚ and Bear Stearns wanted to capitalize on the mortgage boom that happened when the Federal Reserve loosened the money supply as part of its financial policy to try to solve the crisis. Bear Stearns began to be involved in securitization and
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Whistleblowing and Sarbanes-Oxley Due Artize L. Johnson Professor: Steve Harris LEG 500 Law‚ Ethics‚ & Corporate Governance 26 April 2015 According to Halbert‚ Ingulli‚ & Frey (2015)‚ whistleblowers are people who decide to report unethical or illegal activities‚ usually activities under the control of their employers. They may be working for private companies‚ nonprofit organizations‚ or for the government. A whistleblower is an individual working in an organization who decides
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the rush to consummate the deal‚ JP Morgan had accidentally agreed to honor Bear’s trades for up to a year irrespective of shareholder approval of the merger. This oversight created the terrifying specter of Morgan failing to acquire Bear but nonetheless remaining on the hook for billions in potential losses from Bear trades gone awry. Holding negotiating leverage for the first time since the crisis began‚ newly minted Bear CEO Alan Schwartz pushed JP Morgan CEO James Dimon to up the final offer
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The Effects of a Slumping Economy Jennifer Crawford MGT 435 April 6th‚ 2009 The Effects of a Slumping Economy The Non-Effectiveness of some corporate decisions may have led us into this financial decline that we are seeing today. Not all decisions that are made in the business field are good ones. Some of those decisions can put the financial standing of a company in jeopardy or even push it right down the tubes. The economic struggle that
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April 29). Good Corporate Citizen. Retrieved August 22‚ 2010‚ from Good Corporate Citizen: http://www.goodcorporatecitizen.com Capriotti‚ P. &. (2007). Public Relations Review. Science Direct ‚ 84-91. J.P. Morgan Chase & Co. (2004). 2003 Community Partnership Report. J.P. Morgan Chase & Co. McGuire‚ J. B.‚ Sundgren‚ A.‚ & Schneeweis‚ T. (1988). Corporate Social Responsibility and Firm Financial Performance. The Academy of Management Journal‚ Vol. 31‚ No. 4 ‚ 854-872. Unknown. (2008
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Technology has had a huge impact on production in the U.S. From banking to factories to farming‚ technology has made our world faster‚ more transparent‚ safer‚ and‚ more reliable. Beginning with Henry Ford’s assembly line factory to today’s computerized machinery‚ the job requirements of the modern worker has changed substantially. Gone are the days of muscle work on the factory floor‚ now workers learn how to run computerized machinery to obtain the same results. Mechanics are still needed
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deemed applicable in Philippine shared services industry in the course of the study. This comprehensive study will focus only on the attrition of Philippine shared services particularly of the financial services such as Citibank‚ Deutsche and JP Morgan. Its purpose is to evaluate the factors that may hinder employee retention and its impact on management and the company as well. Lastly‚ after determining and testing the common causes of attrition rate‚ suggested ways on improving employee retention
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and recommendation stages of an audit. I have developed the analytical and research based skills necessary to conduct special projects and activities‚ while applying the discreet judgment possessed and expected of auditors. As a member of the JP Morgan Chase team‚ I actively practiced the safekeeping of internal information and the maintenance of customer confidentiality. I am confident in my ability to perform professionally and ethically‚ utilizing my knowledge base and skills to succeed as your
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Web or Mobile Application Paper JP Morgan Chase Mobile Bank application is one of the most important applications I have in my iPhone. Chase has created a new way of banking with their application. It is user friendly‚ it offers amazing capabilities‚ it is a time and money saver‚ and it has room for improvement. Chase has brought banking into our hands. The purpose of the application is to make banking for their customers stress-free. With this application customers can deposit checks from
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