Share swap now complete
The probability that J.P. Morgan Chase & Co. will complete its proposed acquisition of Bear Stearns Companies, Inc. has increased under the amended deal announced yesterday, says Fitch Ratings.That said, the rating agency has not modified its ratings of Bear Stearns, as significant risk to Bear Stearns debtholders remains if the transaction is not completed.Fitch […]
Revised terms hike price to US$10 a share
Ratings agency to upgrade debt ratings of Bear Stearns following takeover
Ailing investment bank sold for US$2 a share
Weak U.S. economy will negatively affect business volumes and drive credit costs higher in 2008
The investment bank has hired 50 people to help with its strategy of building out five major businesses
J.P. Morgan Chase & Co. today reported a modest rise in its third-quarter net income, despite the market turmoil.The firm said that third quarter profits were US$3.4 billion, up from US$3.3 billion in the third quarter of 2006. Although, its investment bank’s net income was just US$296 million, down by US$680 million, or 70%, compared […]
Record investment banking fees and strong markets boost revenues
Building to house investment bank headquarters