(Reuters) - The meltdown of the hedge funds embarrassed Bear Stearns,
widely known for its savvy in handling mortgage risk. The funds
buckled on wrong-way bets tied to subprime loans, which are
made to people with weak credit.
Jeffrey B. Lane, a veteran senior executive at Lehman
Brothers Holdings Inc. and Neuberger Berman Inc.,
replaces Richard Marin as chairman and chief executive of Bear
Stearns Asset Management.
Read more at Reuters.com Bonds News
widely known for its savvy in handling mortgage risk. The funds
buckled on wrong-way bets tied to subprime loans, which are
made to people with weak credit.
Jeffrey B. Lane, a veteran senior executive at Lehman
Brothers Holdings Inc. and Neuberger Berman Inc.,
replaces Richard Marin as chairman and chief executive of Bear
Stearns Asset Management.
Read more at Reuters.com Bonds News
No comments:
Post a Comment