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Doral Financial Corporation Addresses Concerns Related to the Sale of Bear Stearns.

Publication: Business Wire
Publication Date: 17-MAR-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE:DRL), a diversified financial services company, reports today that the sale of The Bear Stearns Companies Inc. to JPMorgan Chase & Co. does not have an impact on Doral's operations.

Bear Stearns Merchant Banking (BSMB), a standalone affiliate of Bear Stearns, is one of Doral's many shareholders, including DE Shaw & Co., Perry Capital, Tennenbaum Capital Partners LLC, Marathon Asset Management LLC, Goldman Sachs, Eton Park Capital Management, and GE...

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