Bear Stearns announces official opening of Bear Stearns Bank PLC in Ireland.NEW YORK--(BUSINESS WIRE)--April 28, 1997--The Bear Stearns Companies Inc. (NYSE NYSE See: New York Stock Exchange :BSC (Binary Synchronous Communications) See bisync. ) announced today that the Central Bank of Ireland This article is about the commercial banking company Bank of Ireland. For the central bank of the Republic of Ireland, see Central Bank of Ireland. The Bank of Ireland (Irish: Banc na hÉireann issued a banking license for the operation of Bear Stearns Bank plc in Dublin on April 10, 1997. Bear Stearns Bank (BSB BSB Backstreet Boys BSB Bayerische Staatsbibliothek BSB British Superbikes (motorcycle racing series) BSB Bachelor of Science in Business BSB Bandar Seri Begawan (capital of Brunei) ) is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of The Bear Stearns Companies Inc. under the direction of Pascal Lambert, senior managing director of Bear Stearns and president and chief executive officer of BSB. The bank is primarily engaged in non-US based capital markets activities. "We are delighted to have obtained our banking license which will enable us to commence business activities from Bear Stearns Bank within the next few weeks. Initially, we will be targeting fixed income derivative activities," said Warren Spector, executive vice president of Bear Stearns and chairman of the board of BSB. "We expect that Bear Stearns Bank plc will enable us to widen our worldwide customer base and expand the range of services that we offer to international clients. We are looking forward to the bank becoming a platform for the further development of our global banking activities." The Bear Stearns Companies Inc. is the parent company of Bear, Stearns & Co. Inc., a leading investment banking and securities trading and brokerage firm. With over $10.6 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales and trading, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear Stearns Securities Corp., it offers professional and correspondent clearing, including securities lending. Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , the company has over 8,000 employees located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles and San Francisco; and an international presence in Beijing, Buenos Aires, Dublin, Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. , Hong Kong, London, Lugano, Paris, Sao Paulo, Shanghai, Singapore and Tokyo. CONTACT: Bear Stearns Bank plc Pascal Lambert, (353-1) 402-6238 or The Bear Stearns Companies Inc. Maura Gaenzle, 212/272-4445 |
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