Investment firms finish deal swapping stake in Bear Stearns for JPMorgan stock, buyout approval looms
Bear Stearns’ stock swap complete - Investment firms finish deal swapping stake in Bear Stearns for JPMorgan stock; buyout approval still looms.
Bear Stearns Cos. has completed its sale of a 39.5% stake to JPMorgan Chase & Co. for about $10 per [...]

Citigroup, Wachovia, Bank of America and Wells Fargo to cut their dividends?
Analyst predicted the bank’s first cut, but has she stumbled with latest prediction?
Weaker-than-expected earnings will force Citigroup, Wachovia, Bank of America and Wells Fargo to cut their dividends this spring, says Oppenheimer analyst Meredith Whitney.
“Our argument is simple. Banks under our coverage are dangerously [...]

JPMorgan bids for Bear Stearns and Raises Bear Stearns Offer
Well. According to Reuters and other sources, JPMorgan is readying to quintuple its bid for Bear Stearns, from $2 a share to $10. This should make crybaby shareholders like Jimmy Cayne and British billionaire Joseph C. Lewis — who said last week that he’d block a [...]

Struggle for Bear Stearns’ emotion, and Sixth Day-Three Stories
It’s been two days since Bear Stearns was sold in a fire sale to JPMorgan, and things are still messy and emotional. Whose fault was all of this, and if it’s no one’s fault, whom can we blame? What will happen next? And what will the impact [...]