Bear Stearns Denies Liquidity Rumors

  
    
  
  
    
      The Bear Stearns Companies Inc. today denied market rumors regarding the 
      firm’s liquidity. The company stated that 
      there is absolutely no truth to the rumors of liquidity problems that 
      circulated today in the market.
    
    
      Alan Schwartz, President and CEO of The Bear Stearns Companies Inc., 
      said, “Bear Stearns’ 
      balance sheet, liquidity and capital remain strong.”
    
    
      Bear Stearns will announce its first quarter 2008 financial results on 
      Thursday, March 20, 2008, in a press release that will be issued prior 
      to the opening of the New York Stock Exchange. The press release will 
      also be available on the firm’s Web site at http://www.bearstearns.com.
    
    
      About Bear Stearns
    
    
      Founded in 1923, The Bear Stearns Companies Inc. (NYSE: BSC) is a 
      leading financial services firm serving governments, corporations, 
      institutions and individuals worldwide. The Company's core business 
      lines include institutional equities, fixed income, investment banking, 
      global clearing services, asset management, and private client services. 
      Headquartered in New York City, the Company has approximately 14,000 
      employees worldwide. For additional information about Bear Stearns, 
      please visit the firm's website at www.bearstearns.com.