(Reuters) - NEW YORK, Aug 5 - Bear Stearns Cos
President and co-Chief Operating Officer Warren Spector
resigned on Sunday, becoming a casualty of a credit risk crisis
at the investment bank.
Spector's departure follows Bear Stearns' assertion on
Friday that it is weathering the worst storm in financial
markets in more than 20 years after a major rating company
warned mortgage credit problems could hurt the investment
bank's profits.
Read more at Reuters.com Bonds News
President and co-Chief Operating Officer Warren Spector
resigned on Sunday, becoming a casualty of a credit risk crisis
at the investment bank.
Spector's departure follows Bear Stearns' assertion on
Friday that it is weathering the worst storm in financial
markets in more than 20 years after a major rating company
warned mortgage credit problems could hurt the investment
bank's profits.
Read more at Reuters.com Bonds News
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