Bear Stearns opens Q3 reporting with big rise

Bear Stearns posted a substantial rise in quarterly earnings on Thursday in the first indication of the investment banking sector's performance in the volatile third quarter.

The US bank said that fixed income - always one of Bear's strongest areas - continued to generate huge revenues, despite the sell-off in August that saw US government bond yields soar.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire