NEW YORK NEW YORK--(Business Wire)--
The Bear Stearns Companies Inc. today denied market rumors
regarding the firm's liquidity. The company stated that there is
absolutely no truth to the rumors of liquidity problems that
circulated today in the market.
Alan Schwartz, President and CEO of The Bear Stearns Companies
Inc., said, "Bear Stearns' balance sheet, liquidity and capital remain
strong."
Bear Stearns will announce its first quarter 2008 financial
results on Thursday, March 20, 2008, in a press release that will be
issued prior to the opening of the New York Stock Exchange. The press
release will also be available on the firm's Web site at
http://www.bearstearns.com.
About Bear Stearns
Founded in 1923, The Bear Stearns Companies Inc. (NYSE: BSC) is a
leading financial services firm serving governments, corporations,
institutions and individuals worldwide. The Company's core business
lines include institutional equities, fixed income, investment
banking, global clearing services, asset management, and private
client services. Headquartered in New York City, the Company has
approximately 14,000 employees worldwide. For additional information
about Bear Stearns, please visit the firm's website at
www.bearstearns.com.
Bear, Stearns & Co. Inc.
Russell Sherman, 212-272-5219
Copyright Business Wire 2008
