Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

N.Y. Fed Hires Bears Stearns Risk Manager

The New York Fed recently hired Michael Alix as its senior vice president in bank supervision.

He holds an M.B.A. in finance from the prestigious Wharton School of the University of Pennsylvania and a bachelor's in economics from Duke.

He is also the former chief risk officer for Bear Stearns, which was swallowed by a government-backed J.P. Morgan Chase for pennies on the dollar back in March.

Before Bear Stearns, Alix was a credit officer for Merrill Lynch & Company, which had to sell itself to Bank of America after being punished in the mortgage crisis.

-- Frank Ahrens

The Ticker is Twittering!

By Frank Ahrens  |  November 4, 2008; 5:27 PM ET
Categories:  The Ticker  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: Are Dems Better for Wall Street?
Next: No Post-Election Market Rally for Obama?

No comments have been posted to this entry.

The comments to this entry are closed.

RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company