The Bear Stearns Companies Inc. today denied market rumours regarding the firm’s liquidity.
The company stated that there is absolutely no truth to the rumours of liquidity problems that circulated today in the market.
“Bear Stearns’ balance sheet, liquidity and capital remain strong,” says Alan Schwartz, president and CEO, The Bear Stearns Companies Inc.
Bear Stearns will announce its first quarter 2008 financial results on Thursday 20 March 2008, in a press release that will be issued prior to the opening of the New York Stock Exchange.