Discussion in 'Wall St. News' started by Port1385, Oct 12, 2008.
article seems to imply the opposite about jpm buying ms. jpm flat out says the bsc losses have been much greater than expected and that it would be a nightmare integrating another ib.
Your reading comprehension sucks.
Do you even READ the articles that you "cut and paste" . . . or are you simply more interested in the .50 cents per post that ET pays you in order to generate web-activity?
"But officials at JP Morgan are loathe to take over and integrate another financial house.
The bad debt on Bear's balance sheet, these people say, was even worse that the firm thought, causing JP Morgan to write down more losses than originally planned.
In addition, the Bear integration caused massive layoffs because both sides had similar operations.
If JP Morgan took over Morgan Stanley -- one of the world's premier investment banks -- it would still have to slash staff to make the merger work. "
Separate names with a comma.