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Former Bearn Stearns execs criticized

Shake It Baby

A federal judge sharply criticized statements and actions by former executives of Bear Stearns Cos in the final days of the investment bank, saying important information was “withheld from the public” and allowing a shareholder lawsuit to move forward.

People News: Citigroup, JPMorgan

JPMorgan Chase

Tsutomu Fujita has resigned as Citigroup’s vice chairman in Japan, ceasing to be an employee of the bank where he’s worked for 16 years, according to an internal memo obtained by Bloomberg.

Goldman struggling to end fixed-income decline

Goldman Sachs Blink

Goldman Sachs’s fixed-income traders were supposed to take back market share in the second quarter, halting years of declines. That now looks harder, after JPMorgan and Citigroup blew past analysts’ estimates last week.

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Shake It Baby

Former Bearn Stearns execs criticized

A federal judge sharply criticized statements and actions by former executives of Bear Stearns Cos in the final days of the investment bank, saying important information was “withheld from the public” and allowing a shareholder lawsuit to move forward.

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Shake It Baby

Former Bearn Stearns execs criticized

A federal judge sharply criticized statements and actions by former executives of Bear Stearns Cos in the final days of the investment bank, saying important information was “withheld from the public” and allowing a shareholder lawsuit to move forward.