Bear Stearns Denies Liquidity Rumors
March 10 2008 - 4:03PM
Business Wire
The Bear Stearns Companies Inc. today denied market rumors
regarding the firm�s liquidity. The company stated that there is
absolutely no truth to the rumors of liquidity problems that
circulated today in the market. Alan Schwartz, President and CEO of
The Bear Stearns Companies Inc., said, �Bear Stearns� balance
sheet, liquidity and capital remain strong.� Bear Stearns will
announce its first quarter 2008 financial results on Thursday,
March 20, 2008, in a press release that will be issued prior to the
opening of the New York Stock Exchange. The press release will also
be available on the firm�s Web site at http://www.bearstearns.com.
About Bear Stearns Founded in 1923, The Bear Stearns Companies Inc.
(NYSE: BSC) is a leading financial services firm serving
governments, corporations, institutions and individuals worldwide.
The Company's core business lines include institutional equities,
fixed income, investment banking, global clearing services, asset
management, and private client services. Headquartered in New York
City, the Company has approximately 14,000 employees worldwide. For
additional information about Bear Stearns, please visit the firm's
website at www.bearstearns.com.
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