Bear Stearns to continue European expansion

Bear Stearns plans to continue expanding and hiring staff in Europe despite its recent troubles, chief financial officer Sam Molinaro has told Financial News.

He said: "Our commitment and the success we've had in Europe is key to our growth. We often get painted with the brush that we're just a mortgage shop. The business is more diversified than people give us credit for."

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached