Headquarters de Bearn Stearns en New York.
Lee la nota de prensa que el banco JP Morgan junto a la Reserva Federal, han emitido esta tarde explicando los detalles del rescate organizado o transfusión de sangre para Bear Stearns, uno de los mayores bancos de negocios del mundo y lo que es mas importante, el contraparte de muchos derivados en el mundo.
“Today, JPMorgan Chase & Co announced that, in conjunction with the Federal Reserve Bank of New York, it has agreed to provide secured funding to Bear Stearns, as necessary, for an initial period of up to 28 days. Through its Discount Window, the Fed will provide non-recourse, back-to-back financing to JPMorgan Chase. Accordingly, JPMorgan Chase does not believe this transaction exposes its shareholders to any material risk. JPMorgan Chase is working closely with Bear Stearns on securing permanent financing or other alternatives for the company.”
Y esta es la nota de prensa del propio Bear Stearns:
“The Bear Stearns Companies Inc. announced today it reached an agreement with JPMorgan Chase & Co. (JPMC) to provide a secured loan facility for an initial period of up to 28 days allowing Bear Stearns to access liquidity as needed. Bear Stearns also announced that it is talking with JPMorgan Chase & Co. regarding permanent financing or other alternatives. Alan Schwartz, president and chief executive officer of The Bear Stearns Companies Inc., said, “Bear Stearns has been the subject of a multitude of market rumors
regarding our liquidity. We have tried to confront and dispel these rumors and parse fact from fiction. Nevertheless, amidst this market chatter, our liquidity position in the last 24 hours had significantly deteriorated. We took this important step to restore confidence in us in the marketplace, strengthen our liquidity and allow us to continue normal operations.”
The company can make no assurance that any strategic alternatives will be successfully completed.”
Parece claro que la masiva inyección del martes de la FED era para ayudar a Bear Stearns. Alguna vez he dicho que los nombres tienen mucha importancia y claro, con la primera palabra del nombre del banco, solo podía acabar mal.
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[…] por exceso de apalancamiento. Es brutal la interpretación del CEO de Bear Stearns cuando ve que JP Morgan se va a quedar su banco por $2 acción. Esta fuera de sus casillas y le dice a JP Morgan, “pero si solo el edificio vale más, pero si […]