The Texas city of Houston may be almost 1,500 miles from Wall Street, but this has not kept it isolated from recent events - namely the troubles of US investment bank Bear Stearns. "Our world has been shaken up - a brokerage that has been in existence for 100 years has collapsed," says Tri-Star Financial president Bill Payne. "That is very unnerving for people who must now ask: 'if they went down, who else might?'"
Fortunately for Tri-Star, neither the firm nor its investors were burned by Bear S
The week on Risk.net, July 7-13, 2018Receive this by email