Alan Schwartz
latest news & developmentsBank chief blames rumours for Bear’s collapse
The head of the crisis-hit investment bank Bear Stearns has blamed short sellers and market manipulators for spreading negative financial rumours to induce a collapse of the…
Credit-crunch woes claim fifth-biggest US bank
The global credit crunch claimed its biggest victim yet on Friday when the United States Federal Reserve orchestrated an emergency bail-out for Bear Stearns after a cash crisis…