British businessman loses $1bn in Bear Stearns collapse

A billionaire British businessman was today nursing huge losses from the collapse of the US investment bank Bear Stearns.

British businessman loses $1bn in Bear Stearns collapse
Tue, 18 Mar, 2008 - 14:16

A billionaire British businessman was today nursing huge losses from the collapse of the US investment bank Bear Stearns.

Joe Lewis, whose Tavistock Group firm owns Tottenham Hotspur as well as a host of other worldwide investments, said he has lost more than $1bn (€639m) after the cut-price buyout of the bank.

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CourtsBusinessHeathrowPlace: BahamasPlace: NassauPerson: Joe LewisPerson: LewisPerson: Daniel LevyPerson: JanePerson: BondPerson: Sean ConneryPerson: Ernie ElsPerson: Tiger WoodsOrganisation: Bear StearnsOrganisation: Tavistock GroupOrganisation: Tottenham HotspurOrganisation: BearOrganisation: JPMorgan ChaseOrganisation: Federal ReserveOrganisation: Sunday TimesOrganisation: Tavistock Catering
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