Providing cause for confidence among its customers, and perhaps reason for disappointment for its competitors, the top executives at Bear Stearns Broker-Dealer & Investment Advisor Services (BDIAS) have agreed to continue with the firm in their current positions.
In fact, the BDIAS unit is slated to be lifted essentially intact from the global equity business of Bear Stearns and placed in the equivalent division of its new owner, JP Morgan Chase & Co., according to sources close to the situation.
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