Late Sunday night, in a conference room high up at the troubled investment bank’s Midtown headquarters, Bear Stearns allowed itself to be sold to JPMorgan at the fire sale price of $2 per share, in order to avoid impending bankruptcy. At $236 million for the extensive prime brokerage and clearing operations of the 85-year old investment bank, JP Morgan seems to have gotten a better deal on Bear Stearns than anyone can remember since the last Barney’s warehouse sale.

Indeed, some high flying hedge-fund managers have paid more for their vacation homes than Jamie Dimon, CEO of JP Morgan Chase paid for the entire Bear Stearns operation, including the bank’s Madison Ave headquarters, said to be worth at least a billion on its own.

Read more

We are delighted to invite you to attend The everywoman Conference Scotland. The conference is a unique opportunity, giving you rare access through presentations and workshops to some of the UK’s most successful women in business – women who have taken an idea and through hard work and determination made it into a successful business.

The Securities Industry Institute® (SII) exists to provide quality executive education to professionals in the securities industry and financial markets. Its aim is to keep them informed on current issues and practices, and to cultivate the skills they will need in the years ahead.

Join other Project Finance leaders in recognizing the top deals to date.

Upon completion of this two-day workshop you will not only receive a Certificate of Credit from the Chartered Management Institute but will have new leadership skills that will enable you to manage the potential pitfalls of traditional structures including conflict resolution and change management. You will also have the opportunity to complete an optional part-funded full management NVQ.