McManus’s buddy Lewis loses €1bn in Bear Stearns

ONE of JP McManus’s closest friends was the biggest individual loser in the St Patrick’s Day Wall Street Massacre.

Joseph (Joe) Lewis, who has known the Limerick millionaire horse owner for years, had invested heavily in the Bear Stearns bank, which was sold off in a firesale during Monday’s markets collapse.

His losses are estimated to be in the region of $1 billion (€634m million)