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TFN NEWS BRIEFING: Banking and insurance highlights to 09:15 BST


Published : Sat, 30 Jun 2007 09:34
By : Agencies
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2007-06-29 23:44:40

Bear Stearns demotes head of asset unit

NEW YORK (AP) - Bear Stearns Cos. demoted the head of its asset-management

unit and brought in a former Lehman Brothers executive to are store investor

confidence,' after two of the firm's hedge funds nearly collapsed last week.

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