Bears Stearns

CITIC Securities Reported To Cancel Bear Stearns Deal

From Xinhua via People’s Daily online : China’s CITIC Securities Co. is to cancel a deal to buy into Bear Stearns after news that the fifth largest investment bank in the United States is to be bought out by JPMorgan...

Citic Near-miss Feeds Chinese Fears

From Financial Times : While the situation at Bear Stearns was deteriorating this past week, Donald Tang, its Los Angeles-based vice-chairman, was in Beijing, trying desperately to get Chinese regulators to approve the ailing...

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