What's Hot

    A Closer Look at the Rescue of Credit Suisse

    March 17, 2023

    What the Failure of Silicon Valley Bank Means for Crypto

    March 13, 2023

    SmartFi Review – Is It Legit?

    March 8, 2023
    Facebook Twitter Instagram
    Twitter LinkedIn
    What the FinanceWhat the Finance
    Subscribe
    • Global Economics
    • Crypto
    • Stockmarket Watch
    • Investment Ideas
    What the FinanceWhat the Finance
    Home»NewsWire»Heads still Rolling at Bear Stearns
    NewsWire

    Heads still Rolling at Bear Stearns

    The What GirlBy The What GirlFebruary 14, 2008Updated:March 2, 20236 Comments1 Min Read
    Bear Stearns
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Bear Stearns announced an extra 800 cut in its mortgage employees. The overall number of redundancies has risen to 1,400 – 10% of previous year’s head count.

    About Bear Stearns

    Bear Stearns is a leading global investment bank and securities firm founded in 1923 by Joseph Bear, Robert Stearns, and Harold Mayer. It specializes in retail brokerage, research, merger services, fixed income trading and clearing services for customers all over the world.

    In its prime, Bear Stearns had over 14,000 employees in more than 50 offices around the globe. This company’s success was great until financial troubles struck in 2007-2008 when it encountered significant losses from bad investments.

     

    Author Profile

    dadff7b1a7f33524d7aa069a4c17433d?s=100&d=mm&r=g
    The What Girl
    I am a financial services writer with experience in forex trading and stock market analysis.
    Latest entries
    • financial pages help pick stocksInvestment Ideas2013.08.14Stockmarket Shares: Tips for Beginners
    • pressure sellingNewsWire2013.08.07New consumer protection laws target pressure sellers
    • housing priceBest Deals2013.07.25Price rises spell trouble for UK’s crowded housing market
    • welbyNewsWire2013.07.01Money lenders welcomed into temple as Church of England plans credit union
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleDeutsche Bank’s Upside Surprise
    Next Article Equity Movers – unusual price changes in U.S. markets

    Related Posts

    A Closer Look at the Rescue of Credit Suisse

    March 17, 2023

    What the Failure of Silicon Valley Bank Means for Crypto

    March 13, 2023

    The Future of Payday Loans in the Wake of Wonga

    October 10, 2014
    View 6 Comments

    6 Comments

    1. ^^Angelos^^ on February 15, 2008 3:14 pm

      Wouldn’t be so intriguing to find out where all these thousands of unemployed from banking and financial institutions are going to work at? Unfortunately, the property market is going through its own turmoil. Such a bad timing for them poor brokers, the poor poor poor traders… they can’t even become estate agents

    2. The What Girl on February 15, 2008 6:02 pm

      With so many recruitment agencies in London, I am sure that we will very soon find out if there is a shift in career choices.

      However, keep in mind that London has about 1.3 million financial workers for whom the average salary, which excludes the bonus, rose 5% from a year earlier.

      So, regardless the huge amounts of investors money lost … the average salary for someone working in the finance industry currently stands at £53,246!

      Do you still feel sorry for them?

    3. ^^Angel^^ on February 15, 2008 7:33 pm

      Well, I always thought numbers should be doing the talking in many occassions. On this one I am certain!! I guess if you can’t beat them, join them. Do you know of any vacancies?

    4. The What Girl on February 15, 2008 7:47 pm

      🙂

    5. Busydude on February 16, 2008 12:19 am

      God, you have announced so many people being fired I have lost count.

      What happens when unemployment rate goes up?

    6. Marcelo on October 15, 2012 5:11 pm

      Sounds good but I wouldn’t ivnest until after we leave the country and they take care of themselves for a couple of years. Who’s to say after we leave all heck breaks loose and the govt topples again? What will happen to the value of the Dinar?

    Leave A Reply

    A Closer Look at the Rescue of Credit Suisse

    March 17, 2023

    What the Failure of Silicon Valley Bank Means for Crypto

    March 13, 2023

    SmartFi Review – Is It Legit?

    March 8, 2023

    How To Find The Best Deals For Loans

    March 1, 2023
    Categories
    • Best Deals
    • Crypto
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Stockmarket Watch
    Recent Comments
    • what the finance on GM, Chrysler Struggling to Survive
    • Larry Miles Jnr on Loans & Credit Cards – Traps to Avoid
    • Doreen on Trading Ban for Societe Generale
    • Briam F on General Motors Bankruptcy Facts
    • Priansa on Pret a Manger – Best Deal of the month!
    Also Check Out

    Political Instability Sinks Alitalia – stock price down 9.7%

    January 22, 2008

    Why has Fed bailed out AIG?

    September 17, 2008

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Your source for financial news. This is not financial advice. Our opinions are independent of any financial organizations.

    We're social. Connect with us:

    Twitter LinkedIn
    Top Insights

    What the Celsius Bankruptcy Says About the Crypto & Defi Industries

    February 23, 2023

    Investment Opportunities Abound in Egypt

    February 6, 2023

    5 Crypto & Finance Podcasts For 2023

    February 2, 2023
    Get Informed

    Subscribe to Updates

    Get the latest market news from What The Finance.

    Twitter LinkedIn
    • Home
    • Buy Now
    © 2007 - 2023 | What The Finance blog

    Type above and press Enter to search. Press Esc to cancel.