Comments on: Dude, you are so Bear Stearned http://blogs.reuters.com/mediafile/2008/03/20/dude-you-are-so-bear-stearned-2/ Where media and technology meet Wed, 16 Nov 2016 08:48:25 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: NewsVisual http://blogs.reuters.com/mediafile/2008/03/20/dude-you-are-so-bear-stearned-2/#comment-338505 Thu, 20 Mar 2008 22:31:42 +0000 http://blogs.reuters.com/mediafile/2008/03/20/dude-you-are-so-bear-stearned-2/#comment-338505 There’s one more investment-baning firm that might become “Bear Stearned.” Because news reports say that Credit Suisse Group will probably post losses for this fiscal quarter, nervous investors are bound to wonder whether it will succumb to the same dire fate as The Bear Stearns Companies Inc, which narrowly averted bankruptcy by accepting a buyout deal from JPMorgan Chase & Co this past Sunday. The Zurich-based company said today it will write down $2.65 billion over the fourth quarter of 2007 and the first three months of 2008, reported Bloomberg News in an online article on Thursday. Whatever the true extent of Credit Suisse’s financial difficulties might be, there can be little doubt that its current circumstances will require its leadership to make sound decisions in the coming months in order to ensure that it returns to fiscal health.

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