Word: morganize
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...interesting to look back, seeing how the challenge for Bear was less about being undercapitalized than whether it had sufficient liquidity for everyday liquidity needs,” said Rose, who was the former head of the Global Investment Banking and the Global Equities Divisions at JP Morgan...
...source of capital dried up, Bear was forced to attempt to sell off assets in order to increase its own capital and meet prescribed liquidity ratios. Ultimately, JP Morgan purchased Bear...
...also agreed to take part in the deal during negotiations, providing a $30 billion backstop to help JP Morgan complete the deal...
Rose added that JP Morgan had to balance the risks of hidden liabilities with the potential for financial gain...
...Morgan faced a situation fraught with the risks and potential rewards that come with buying a company with $395 billion in total assets,” he said, “Were these assets valued at the right level, and if so, how much could the assets deteriorate by before becoming a big problem for JP Morgan...