Humanities & Social Sciences Library

Bear Stearns (an 85 year old US investment bank) is the 5th largest investment bank in the United States, with a respectable reputation. However it has had to accept an emergency bailout from the US central bank after hedge funds withdrew their support, almost causing Bear Stearns to collapse.

The main worry is that Bear Stearns could be only the first in a series of banks to collapse in the face of the sub-prime mortgage crisis. In addition, the US central bank has only committed to support Bear Stearns for 28 days. Thus long term financing of Bear Stearns is still an uncertainty. What is certain, however, is that the collapse of Bear Stearns will have a negative impact on the US market.

By extension, Asian markets may also continue to be affected by further volatility. Read the BBC commentary here, and the New York Times commentary here.

Some schools have exclusive access to certain databases, which you can only access from their Computer labs. These databases are not accessible anywhere else in the campus.

For example the Nanyang Business School has exclusive access to research databases such as the Securities Data Corporation and Reuters live quotes.

Find out more at the link here.