bear stearns

JPMorganÆs takeover of Bear Stearns lets Citic off the hook but other bail-out investors may not be so lucky with their commitments to subprime-affected banks.

Taking on a new role as head of equity capital markets, Yuen will help to expand the US investment bank's ECM franchise in Asia.

The two firms enter a $1 billion alliance and an investment banking joint venture to cover Asia with specific emphasis on China.

Moore will be responsible for the firmÆs growth as chief executive officer in Asia.

The record transaction for Citic Resources attracts wildly varying opinions on pricing, but clears and stays close to re-offer levels.

Bear Stearns and the founder of GOME create a $500 million fund to invest in growing businesses in China's retail sector.