News

Jimmy Cayne was uncharacteristically penitent as he spoke before shareholders at a meeting Thursday to approve Bear Stearns’ sale to JPMorgan Chase, The New York Post reports today. But shareholders greeted his words of remorse with stony...

Small firms struggling against what they see as an unfair regulatory regime may have lost a leader this week.

Geoffrey Raymond, an artist who seems to have a penchant for painting portraits of Wall Street honchos, has just unveiled his latest masterpiece: Jimmy Cayne in acrylic.

Exercising can be detrimental to your health—just ask Stuart Sugarman, fund manager and investment banker at Sunrise Financial Group. Last August, in spin class, Sugarman, 48, was quite vocal about the “burn.” One of his...

The Wall Street Journal published part one of Kate Kelly's three-part series, The Fall of Bear Stearns today, which details the events leading up to the bank’s eventual deal with JPMorgan Chase on March 17.

The independent broker/dealer channel is still fighting a decades-old battle. In Chicago this morning, the fourth annual SIFMA Independent Firms Conference opened with remarks from industry executives whose speeches seemed to underline a familiar...

JPMorgan Chase CEO Jamie Dimon said Tuesday that approximately 55 percent of Bear employees will be out of a job once JPMorgan Chase completes its acquisition in the coming weeks, Reuters reports.

Fellow practitioners—please direct your attention to a well-written and thought-provoking article providing client-saving advice on a topic that may not be uppermost in your minds when working on estate plans and tax returns: privilege.

We hate to get too political here, but the Senate deal to “save” struggling homeowners by refinancing up to $300 billion in loans seems quite unfair to taxpayers and, I would daresay, equity investors or speculators of any kind. Sure...

JPMorgan Chase CEO Jamie Dimon has personally embarked on a letter-writing campaign, The Financial Times reported this morning, to find employment for the “5,000-plus Bear employees who will not have a job after the takeover closes next...