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Jpmorgan To Move Investment Bankers To Bear Offices

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Cheap relocation thank you share holders.

http://www.bloomberg.com/apps/news?pid=206...&refer=home

Who wants to commit to occupying a certain amount of square footage when you don't know what the future is going to hold, and whether or not you'll need those employees?'' said Susan Smith, manager of the real estate business advisory services group for PricewaterhouseCoopers LLP in New York. ``We just don't have confidence about the future right now

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To me the fall of Bear Stearns is spectacular.

A legendary but reclusive investor totally getting his assessment wrong and taking a $1 billion hit. How utterly painful must he feel that blow to his own reputation. We're it someone else I'd expect them to be looking at legal action to try and force a better distressed sale price. (omg - I just did a quick search and found out he is whining about it)

The glee JP Morgan might be feeling at acquiring a major competitor Bear Stearns on the cheap (allowing for nasty surprises in the books and assuming it's own position can cope with further turbulence).

Whilst I'm not keen on chipping in for bail-outs of others mistakes (on principle), LTCM was a special case.... and seeing as Bear Stearns was "the only major Wall Street bank that did not contribute to the bail-out fund" of LTCM, it's reasonable that others should not give them the same mercy.

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  • 295 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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